3718 Pacific Avenue

Tacoma, WA 98418

$3,200,000
Price
16,014 / 0.37
Lot Size / Acres

Description

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...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!
  1. Listed by Ivanna Miakota • Kelly Right RE of Seattle LLC

Property Details for 3718 Pacific Avenue

Community Name
Tacoma
School District
Tacoma
View
Mountain(s), Partial, Sound
Entry Date
08-01-2024
Sewer
Available
LISTING UPDATED: 11/14/2024 08:18 AM

Property Details for 3718 Pacific Avenue

StatusActive
MLS #2272124
Days on Market108
Cumulative Days on Market107
Taxes$6,839 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand
Year Built-
Lot Size0.37 AC
CountyPierce County

Virtual Tour

Building Information for 3718 Pacific Avenue

Lot Size0.37 AC

Property Information for 3718 Pacific Avenue

Summary
Location and General Information
  • Style: 42 - Multi-Family
  • Area: 54 - South Tacoma
  • Elementary School: Lyon
  • Middle Or Junior School: Stewart
  • High School: Lincoln High
  • Directions: From I-5, exit to WA-7 S/38th St. and continue on WA-7. St Rt 77/38th St W ramp to Mt. Rainier. Merge onto S38th to a Rt on Pacific. Site will be on left.
  • Property Sub Type: VACL
  • Road Information: Paved
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2024
Parking
  • Carport: No
Virtual Tour
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
  • Bedrooms Possible: 0
Interior Features
  • Fireplaces Total: 0
  • Cooling: No
  • Fireplace: No
  • Heating: No
  • FIRPTA: No
Exterior Features
  • Road Surface Type: Paved
Property
Utilities
  • Electricity: On Property
  • Electric On Property: Yes
  • Gas Available: Available
  • Water Source: On Property
  • Utilities: Electricity Connected, Natural Gas Available
Property and Assessments
  • Zoning Jurisdiction: City
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 6
Lot Information
  • Lot Size Source: County Records
  • Parcel Number Free Text: 7470023541
  • Calculated Square Footage: 0
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 0.0
  • Building Area Units: Square Feet
  • Property Type: Land
  • Elevation Units: Feet
  • Irrigation Water Rights: No

Property History for 3718 Pacific Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3718 Pacific Avenue

Taxable ValueLand$420,400Additions$194,300Total$614,700
Tax Record2024$6,839 ($570 / month)
Home Facts
Beds3Total Finished SqFt1,506 SqFtAbove Ground SqFt1,506 SqFtStories2Lot Size16,014 SqFtStyleSingle Family ResidenceYear Built1909ZoningTCountyPIERCEAPN7470023541

Schools near 3718 Pacific Avenue

This home is within Tacoma School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Lyon Elementary School
PublicPK to 5

Stewart Middle School
Public6 to 8

Lincoln High School
Public9 to 12

Tacoma Open Doors
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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3718 Pacific Avenue is a 0.37 ac of land for sale in Tacoma, WA 98418. This property was listed for sale on August 1, 2024 by Kelly Right RE of Seattle LLC, it's currently listed at $3,200,000. It has been on the market for a total of 108 days and was last sold on April 30, 2021. This listing's school district is Tacoma School District. Nearby schools include Lyon Elementary School, Stewart Middle School and Lincoln High School. 3718 Pacific Avenue is a 0-bed, 0-bath, 0.37 ac of land on a 16,014 sq. ft. / 0.37 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Kelly Right RE of Seattle LLC

Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.