2513 Meridian Ave E

$1,950,000
Price
41,112 / 0.94
Lot Size / Acres

Description

Huge investment opportunity to acquire a fully-entitled, shovel-ready multifamily development located in Edgewood Town Center. This .94-acre lot has approved permits & complete architectural/civil plans for a high-demand mixed-use project; 2 buildings offering 39 residential units, 2 retail/office spaces & 54 parking stalls. Designed w/modern living & convenience, the project features a gym/flex space, bike storage, EV chargers & carport parking. Utilities available via renovated street. Rent projections,...Huge investment opportunity to acquire a fully-entitled, shovel-ready multifamily development located in Edgewood Town Center. This .94-acre lot has approved permits & complete architectural/civil plans for a high-demand mixed-use project; 2 buildings offering 39 residential units, 2 retail/office spaces & 54 parking stalls. Designed w/modern living & convenience, the project features a gym/flex space, bike storage, EV chargers & carport parking. Utilities available via renovated street. Rent projections, project valuation, ROM construction estimates, approved architectural/civil, MEP & site development landscaping available. Excellent exposure w/16,000 cars/day. Close to I-5, Hwy 18 & Hwy 167. Robust population & strong growth potential.

Listing Agent

  1. Mike Moghaddas

    Mike Moghaddas

    Listing Agent

    Compass

Property Details for 2513 Meridian Avenue East

Community Name
Edgewood
School District
Puyallup
View
Territorial
Entry Date
10-21-2025
Sewer
Available
LISTING UPDATED: 11/05/2025 11:19 AM

Property Details for 2513 Meridian Avenue East

StatusPending Feasibility
MLS #2446836
Days on Market14
Cumulative Days on Market119
Taxes$4,287 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand
Year Built-
Lot Size0.94 AC
CountyPierce County
Buyer's Agent Compensation2.5%

Location

Listing Courtesy of COMPASS
Add your commute

Building Information for 2513 Meridian Avenue East

Lot Size0.94 AC

Payment Calculator

$9,993 per month

30 year fixed, 6.28% Interest

Principal and Interest

$9,636

Property Taxes

$357

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2513 Meridian Avenue East

Summary
Location and General Information
  • Style: 43 - Comm/Industrial
  • Area: 72 - Edgewood
  • Directions: WA-161 N/WA-512 E. Take the exit on the left onto WA-161 N/WA-167 S toward Milton/Tacoma. Keep right at the fork. Continue onto WA-161 N/N Meridian Ave. Destination will be on the right.
  • Property Sub Type: VACL
  • Road Information: Paved
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2025
Parking
  • Carport: No
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
Interior Features
  • Fireplaces Total: 0
  • Cooling: No
  • Fireplace: No
  • Heating: No
  • FIRPTA: No
Exterior Features
  • Road Surface Type: Paved
Property
Utilities
  • Electricity: In Street
  • Electric On Property: No
  • Gas Available: In Street
  • Water Source: Available
  • Utilities: Electricity Available, Natural Gas Available
Property and Assessments
  • Senior Exemption: No
  • Zoning Jurisdiction: City
  • Zoning Remarks: Multi-Family
  • Lot Topography: Level
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 8
Lot Information
  • Lot Details: Paved
  • Lot Size Source: Realist
  • Parcel Number Free Text: 0420103027
  • Calculated Square Footage: 0
  • Structure Type: Industrial
  • 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 2513 Meridian Avenue East

DateEvent & SourcePriceAppreciation
Nov 4, 2025

Pending

NWMLS #2446836

Oct 21, 2025

Listed (Active)

NWMLS #2446836

$1,950,000
Apr 20, 2022

Sold

NWMLS #1717316

$775,000
Feb 14, 2022

Pending

NWMLS #1717316

Nov 30, 2021

Price Change

NWMLS #1717316

$825,000
Jan 14, 2021

Listed (Active)

NWMLS #1717316

$920,000
DateEvent & SourcePrice
11/04/2025

Pending

NWMLS #2446836

10/21/2025

Listed (Active)

NWMLS #2446836

$1,950,000
04/20/2022

Sold

NWMLS #1717316

$775,000
02/14/2022

Pending

NWMLS #1717316

11/30/2021

Price Change

NWMLS #1717316

$825,000
01/14/2021

Listed (Active)

NWMLS #1717316

$920,000

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

Schools near 2513 Meridian Avenue East

This home is within Puyallup School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 6 to 9
Public - 10 to 12
Public - 8 to 12
Rating
School
Distance
Mt View Elementary School
PublicK to 6

Edgemont Jr High School
Public6 to 9

Puyallup High School
Public10 to 12

E B Walker High School
Public8 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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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 COMPASS

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/15/2025 05:52 AM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.