3718 Pacific Ave Tacoma, WA 98418
South End NeighborhoodEstimated payment $15,553/month
Highlights
- Views of a Sound
- 0.37 Acre Lot
- No HOA
About This Lot
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!
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2360443
Property Details
Property Type
- Land
Est. Annual Taxes
- $4,412
Lot Details
- 0.37 Acre Lot
- Zoning described as Multi-Family
Property Views
- Views of a Sound
- Mountain
- Limited
Schools
- Lyon Elementary School
- Stewart Middle School
- Lincoln High School
Community Details
- No Home Owners Association
- Tacoma Subdivision
Listing and Financial Details
- Assessor Parcel Number 7470023541
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,839 | $445,700 | $445,700 | -- |
| 2024 | $6,839 | $405,200 | $405,200 | -- |
| 2023 | $6,839 | $614,700 | $420,400 | $194,300 |
| 2022 | $3,956 | $405,500 | $182,500 | $223,000 |
| 2021 | $3,548 | $282,100 | $108,600 | $173,500 |
| 2019 | $2,985 | $256,700 | $90,800 | $165,900 |
| 2018 | $2,821 | $229,500 | $73,000 | $156,500 |
| 2017 | $2,493 | $178,400 | $61,200 | $117,200 |
| 2016 | $2,146 | $132,500 | $45,300 | $87,200 |
| 2014 | $1,892 | $123,300 | $44,700 | $78,600 |
| 2013 | $1,892 | $112,300 | $39,200 | $73,100 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/16/2025 04/16/25 | For Sale | $2,850,000 | +702.8% | -- |
| 04/30/2021 04/30/21 | Sold | $355,000 | 0.0% | $236 / Sq Ft |
| 04/30/2021 04/30/21 | For Sale | $355,000 | -- | $236 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document | |
| Warranty Deed | $355,000 | Wfg Natl Ttl Co Of Wa Llc | |
| Quit Claim Deed | -- | Accommodation | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $200,000 | None Available | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $71,214 | Unknown | |
| Previous Owner | $150,000 | Purchase Money Mortgage |
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2360443
APN: 747002-3540
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