Welcome to a prime investment opportunity in the thriving South Tacoma area, where the demand for multi-family development is high. This ready-to-build project features 98 fully permitted units, addressing the pressing need for housing in the area. Located within an Opportunity Zone, this property presents investors with the advantage of 8 or 12-year tax abatement options, maximizing potential returns. All utilities are already available at the site, streamlining the development process. Future residents will enjoy a range of desirable amenities, including a rooftop lounge, dog run, and secured parking garage. For further details or building plans request, please reach to the listing listing agent. Don't miss the opportunity!
The median home value in Tacoma, WA is $454,100. This is lower than the county median home value of $509,000. The national median home value is $338,100. The average price of homes sold in Tacoma, WA is $454,100. Approximately 52.66% of Tacoma homes are owned, compared to 41.97% rented, while 5.38% are vacant. Tacoma real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Tacoma real estate agent to arrange a tour today!
Tacoma, Washington 98418 has a population of 217,332. Tacoma 98418 is less family-centric than the surrounding county with 26.34% of the households containing married families with children. The county average for households married with children is 32.93%.
The median household income in Tacoma, Washington 98418 is $69,956. The median household income for the surrounding county is $82,574 compared to the national median of $69,021. The median age of people living in Tacoma 98418 is 36.7 years.
The average high temperature in July is 77 degrees, with an average low temperature in January of 36.5 degrees. The average rainfall is approximately 40.9 inches per year, with 4.2 inches of snow per year.