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MLS: #NWM2468328, Listed By: Chuck Walle, Crestview Realty Advisors, Source:NWMLS - Northwest Multiple Listing Service

301 E 26th

Tacoma, WA 98421
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Bed 0

Bed

Bath 0

Bath

SqFt246,080

Sqft

Acres0.90

Acre(Lot)

Joint Venture Development Opportunity. Mount Bay Apartments is a permit-ready, fully bid, and shovel-ready 307-unit workforce housing development in the heart of Tacoma’s Transportation District. One block from Tacoma Link Light Rail, Sounder, Amtrak, and Greyhound, the project delivers unmatched regional connectivity to downtown Tacoma, Seattle, and Portland—driving strong demand, high occupancy, and long-term value. Designed for working professionals and essential workforce residents, the community features two landscaped courtyards, convenience retail, below-grade parking, a welcoming lobby, fitness center, shared workspace, and a seventh-floor indoor/outdoor sky lounge. The project is fully aligned with Tacoma’s urban revitalization vision while addressing a critical housing need. Moun t Bay Apartments offers a compelling, defensive multifamily investment with predictable cash flow, downside protection, and meaningful upside. Workforce housing has consistently outperformed luxury assets across market cycles, delivering stable occupancy even in economic downturns. An eight-year property tax abatement enhances early-year cash flow and improves overall returns, while long-term appreciation is supported by sustained infrastructure investment and neighborhood transformation. This is an exceptional opportunity to partner in a transit-oriented, tax-advantaged asset positioned to generate reliable income and lasting value in one of Tacoma’s fastest-growing urban corridors.

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Detail Ic Property Details

Property Type : Residential Income

Price : $21,500,000

AD Id : 74225632

MLS Id : NWM2468328

Lot Size : 0.90 Acre

Living Area Size : 246,080

Year Built : 2026

Garage : 95

County : Pierce

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Feature Features

  • Interior Features

    Roof: Flat

    Roofing Information

    Flat
  • Flooring Information

    Flooring: Ceramic Tile, Concrete, Laminate, Vinyl Plank, Carpet Construction Materials: Cement, Cement Plank, Metal/Vinyl, Wood
  • Heating & Cooling

    Heating: Forced Air Has Heating: Yes Cooling: None WaterSource: Public

  • Building Information

    Year Built: 2026
  • Exterior Features

    Cement/Concrete, Cement Planked, Metal/Vinyl, Wood Products Construction Materials: Cement, Cement Plank, Metal/Vinyl, Wood Foundation Details: Poured Concrete

  • Lot Information

    Lot Dimensions: 129 x 299 Lot Description: Alley, Corner Lot, Curbs, Paved, Sidewalk Lot Square Feet: 39204 Lot Acres: 0.9

    Property Information

    Property Type: Residential Income Sub Type: Multi Family Structure Type: Multi Family

  • Listing Price Information

    Original List Price:$21500000

  • Tax Information

    Parcel Number: 2076190010

  • Garage Information

    Garage Space: 95

  • Utility Information

    Sewer: Available Water Source: Public
  • Location Information

    Subdivision: Tacoma City: Tacoma Direction: Head East 26th street from Pacific Avenue to 301 and vacant site to the North.
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ByOwner last updated this listing 06/09/2026 @ 06:20

MLS: NWMLS #2468328 LISTED BY: Chuck Walle, Crestview Realty Advisors 253-677-2739 SOURCE: NWMLS - Northwest Multiple Listing Service (Listings courtesy of NWMLS - Northwest Multiple Listing Service as distributed by MLS GRID)

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