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New Construction
No HOA
Street View
Listed by: Chuck Walle (253) 677-2739 | Crestview Realty Advisors (253) 677-2739
$21,500,000
Monthly Est:$107,013
308 Beds
6 Baths
246,080sqft
301 East 26th, Tacoma, WA 98421
$21,500,000
$107,013/moEst:
Get Pre-Approved
Multi Family
Built in 2026
$-- HOA
39,204 sqft lot
$87/sq.ft
Description
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. Mount 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.
- Houzeo last checked: 8 hours ago
- Listing updated: September 17, 2026 at 6:31 pm
- Source: Northwest Multiple Listing Service | MLS#: NWM2468328
Property Details
Status
Active
Type
Multi Family
No. of Stories
7
County
City
Neighborhood
--
Year Built
2026
HOA Fees
-
Finished Area
246,080 sqft
Lot Size
39,204 sqft lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2468328
MLS Status
Active
Days on Market
260
Cumulative Days on Market
260
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 308
Bathrooms: 6
Interior
Heating
Forced Air
Sewer
Available
Exterior Features
Cement/concrete, Cement Planked, Metal/vinyl, Wood Products
Cooling
None
Flooring
Ceramic Tile, Concrete, Laminate, Vinyl Plank, Carpet
Construction
Year Built
Year Built: 2026
Home type
Multi Family
Foundation Details
Poured Concrete
Roof
Flat
Construction Materials
Cement, Cement Plank, Metal/vinyl, Wood
Utilities & Energy
Security Features
Security Gate
Water Source
Public
Other Features
Lot Features
Alley, Corner Lot, Curbs, Paved, Sidewalk
Subdivision Name
Tacoma
Price History
| Date | Event | Price |
|---|---|---|
01/15/2026 Source: | Listed for Sale | $21,500,000 $87/sqft |
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Based on information submitted to the MLS GRID by Northwest Multiple Listing Service as of Oct 01, 2026, 02:47PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal, noncommercial use; it may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing, that the data is deemed reliable, but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any and as amended from time to time. © 2025 Northwest Multiple Listing Service. All Rights Reserved.
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