$21,500,000
301 E 26th, Tacoma, WA 98421
246,080 Sq Ft
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301 E 26th, Tacoma, WA 98421 301 E 26th, Tacoma, WA 98421 301 E 26th, Tacoma, WA 98421 301 E 26th, Tacoma, WA 98421 301 E 26th, Tacoma, WA 98421 301 E 26th, Tacoma, WA 98421 301 E 26th, Tacoma, WA 98421 301 E 26th, Tacoma, WA 98421 301 E 26th, Tacoma, WA 98421 301 E 26th, Tacoma, WA 98421 301 E 26th, Tacoma, WA 98421 301 E 26th, Tacoma, WA 98421 301 E 26th, Tacoma, WA 98421
301 E 26th, Tacoma, WA 98421 301 E 26th, Tacoma, WA 98421 301 E 26th, Tacoma, WA 98421 301 E 26th, Tacoma, WA 98421 301 E 26th, Tacoma, WA 98421 301 E 26th, Tacoma, WA 98421 301 E 26th, Tacoma, WA 98421 301 E 26th, Tacoma, WA 98421 301 E 26th, Tacoma, WA 98421 301 E 26th, Tacoma, WA 98421 301 E 26th, Tacoma, WA 98421 301 E 26th, Tacoma, WA 98421 301 E 26th, Tacoma, WA 98421

MLS #2468328 / Listing provided by NWMLS & Crestview Realty Advisors.

$21,500,000

301 E 26th
Tacoma, WA 98421

Active 1 day ago
246,080
Sq Ft
$87
Per Sq Ft
2026
Year Built

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.

Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.

Interior Features

Bedrooms

  • Upper Level Bedrooms: 0

Fireplaces

  • Total Fireplaces: 0

Heating & Cooling

  • Heating: Yes
  • Cooling: No
Exterior Features

Parking

  • Garage Spaces: 95
  • Total Uncovered Parking Spaces: 0

Structure

  • Roof: Flat
  • Exterior Features: Cement/Concrete, Cement Planked, Metal/Vinyl, Wood Products
  • Foundation: Poured Concrete

Lot Details

  • Lot Features: Alley, Corner Lot, Curbs, Paved, Sidewalk
  • Acres: 0.9
  • Foundation: Poured Concrete
Area Features

Schools

  • High School District: Tacoma

Lot Details

  • Lot Features: Alley, Corner Lot, Curbs, Paved, Sidewalk
  • Acres: 0.9
  • Foundation: Poured Concrete
Utilities

Power

  • Energy Source: Electric, Natural Gas
  • Power Company: Tacoma City Light

Water, Sewer, and Garbage

  • Sewer Company: Tacoma Sewer
  • Sewer: Available
  • Water Company: Tacoma Water
  • Water Source: Public
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Christine Wilson

Christine Wilson
Broker | REALTOR®

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