301 E 26th, Tacoma, WA 98421
Local realty services provided by:Tucker Realty ERA Powered
Listed by: chuck walle
Office: crestview realty advisors
MLS#:2468328
Source:NWMLS
301 E 26th,Tacoma, WA 98421
$21,500,000
- - Beds
- - Baths
- 246,080 sq. ft.
- Multi-family
- Active
Price summary
- Price:$21,500,000
- Price per sq. ft.:$87.37
About this home
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.
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Home facts
- Year built:2026
- Listing ID #:2468328
- Updated:January 16, 2026 at 01:43 PM
Rooms and interior
- Living area:246,080 sq. ft.
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Roof:Flat Roof
- Year built:2026
- Building area:246,080 sq. ft.
- Lot area:0.9 Acres
Utilities
- Water:Public
- Sewer:Available
Finances and disclosures
- Price:$21,500,000
- Price per sq. ft.:$87.37
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