301 E 26th St, Tacoma, WA 98421 (MLS # 2468328)

Listing provided courtesy of Northwest MLS; Crestview Realty Advisors

PRICE	$21,500,000
BEDS	0
BATHS	0
HOME SIZE	246,080 sqft
LOT SIZE	39,204 sqft

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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.

LAST UPDATED	1/14/2026	TRACT	Tacoma
YEAR BUILT	2026	COMMUNITY	Tacoma
GARAGE SPACES	95.0	COUNTY	Pierce
STATUS	Active	PROPERTY TYPE(S)	Multi Family

ADDITIONAL DETAILS
AIR	None
AREA	30 - Central Tacoma
CONSTRUCTION	Cement Siding, Metal Siding, Vinyl Siding, Wood Siding
GARAGE	Yes
HEAT	Electric, Forced Air, Natural Gas
LOT	0.9 acre(s)
LOT DESCRIPTION	Alley, Corner Lot, Curbs, Paved, Sidewalk
LOT DIMENSIONS	129 x 299
MLS STATUS	Active
STORIES	7
STYLE	56 - 10+ Units
SUBDIVISION	Tacoma
UTILITIES	Cable Available, Sewer Available
VIEW	Yes
VIEW DESCRIPTION	Bay, City, Mountain(s), Territorial
WATER	Public
ZONING	Commercial

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Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 1/27/26 5:49 PM PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.

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