2120 S J Street

Tacoma, WA 98405

  • 4 Bed

  • 2 Bath

  • 2970 SqFt

  • 323 DOM

  • Built: 1920

  • Status: Active

$574,999

X

2120 S J Street

Tacoma 98405

$574999

  • 4 Bed

  • 2 Bath

  • 2970 SqFt

  • 323 DOM

  • Built: 1920

  • Status: Active

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Srinivas Kasam

CEO & Founder

(650)533-3259

Rare shovel-ready, fully permitted 20-unit multifamily development opportunity in one of Tacoma’s strongest urban corridors, with approved plans enabling immediate construction and accelerated delivery. Seller open to joint venture participation or partial seller financing, offering flexible structuring for builders and investors. Approved project includes 20 efficiently designed one-bedroom units (~450 SF each), totaling approximately 8,900 SF of net rentable residential area, providing a highly efficient layout for cost-effective construction and streamlined underwriting. 12-Year MFTE exemption approved with fees paid, delivering significant property tax savings on residential improvements. No known impact fees (buyer to verify). Ideally located minutes from UW Tacoma and downtown, and just two blocks from the Tacoma Link light rail, with strong access to transit, major employers, and urban amenities. Potential Mount Rainier and Tacoma skyline views. One of the few remaining fully entitled multifamily development sites in the area.

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Residence Information

  • 2970

  • 4

  • 2

  • 0

  • 2

  • Composition

  • 17 - 1 1/2 Stry w/Bsmt

  • 1920

  • Unfinished

  • Unfinished

Features and Utilities

  • Wood

  • Public

  • Sewer Connected

Financial

  • 5446

  • Cash, Conventional, Owner Will Carry

  • 03-25-2026

Comparable Information

  • 323

  • 323

  • Cash, Conventional, Owner Will Carry

  • $574,999

  • $574,999

  • Mar 26, 2026 21:20

Schools

Map

Listing courtesy of Berkshire Hathaway HS NW.

The content relating to real estate for sale on this site comes in part from the IDX program of the NWMLS of Seattle, Washington. Real Estate listings held by brokerage firms other than this firm are marked with the NWMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 NWMLS of Seattle, Washington. All information provided is deemed reliable but is not guaranteed and should be independently verified. Kasamestates data last checked: Mar 26, 2026 21:49 | Listing last modified Mar 26, 2026 21:20. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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