301 E 26th St

Tacoma, WA 98421

$21,500,000
Price
308
Beds
6
Baths
246,080 Sq. Ft.
$87 / Sq. Ft.
246,080
Sq. Ft.
$87
per Sq. Ft.
a front view of a building
a view of a building with a street
a view of an entryway with workspace
a living room with furniture
a view of a room with gym equipment
a view of a building
a view of a living room with a floor to ceiling window and wooden floor
a view of a terrace with sitting area
a view of a balcony with wooden floor
an aerial view of a house livingroom and hallway with couches
Listing provided courtesy of Crestview Realty Advisors
Source: Northwest MLS

Description

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...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.
  1. Listed by Chuck Walle • Crestview Realty Advisors

Property Details for 301 East 26th Street

Community Name
Tacoma
School District
Tacoma
View
Bay, City, Mountain(s), Territorial
Total Covered Parking
95
Entry Date
01-14-2026
Energy Source
Electric,Natural Gas
Sewer
Available
LISTING UPDATED: 01/15/2026 10:01 AM

Property Details for 301 East 26th Street

StatusActive
MLS #2468328
Days on Market24
Cumulative Days on Market24
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2026
Lot Size0.90 AC / 39,204 SF
CountyPierce County

Location

Listing Courtesy of Crestview Realty Advisors
Add your commute

Building Information for 301 East 26th Street

Stories7Residences6Year Built2026Building Size-Lot Size0.90 AC / 39,204 SF

Payment Calculator

$105,099 per month

30 year fixed, 6.15% Interest

Principal and Interest

$104,787

Property Taxes

$312

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 301 East 26th Street

Summary
Location and General Information
  • Style: 56 - 10+ Units
  • Site Features: Cable TV, Deck, Electric Car Charging, Gas Available, Gated Entry, High Speed Internet, Outdoor Fireplace, Patio, Sprinkler System
  • Area: 30 - Central Tacoma
  • Directions: Head East 26th street from Pacific Avenue to 301 and vacant site to the North.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Parking
  • Garage Spaces: 95.0
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking: 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
  • Floor Covering: Ceramic Tile, Concrete, Laminate, Vinyl Plank, Carpet
  • New Construction: Presale
  • Amenities: Elevator,Fire Sprinklers,Storage,Thermal Windows
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Forced Air
  • FIRPTA: No
Exterior Features
  • Exterior: Cement/Concrete, Cement Planked, Metal/Vinyl, Wood Products
  • Roof: Flat
  • Security Features: Security Gate
Property
Utilities
  • Water Source: Public
  • Power Company: Tacoma City Light
  • Sewer Company: Tacoma Sewer
  • Water Company: Tacoma Water
  • Power Production Type: Electric, Natural Gas
Property and Assessments
  • New Construction YN: Yes
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • Zoning Remarks: Commercial
  • Estimated Completion Date: 2027-12-31
  • Possible Use: Commercial
  • MLS Square Footage Source: Architectural Drawings
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 13
Lot Information
  • Lot Details: Alley, Corner Lot, Curbs, Paved, Sidewalk
  • Lot Size Dimensions: 129 x 299
  • Lot Size Source: Tax Assessor
  • Parcel Number Free Text: 2076190010
  • Calculated Square Footage: 246080
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 246080.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
  • Green Energy Efficient: Thermal Windows
Multi Family
Building Details
  • Total Uncovered Parking: 0
  • Number of Stories in Building: 7
  • Number Of Units Total: 6
  • Units Below Grade: false
  • Units In Building Total: 308
Financing / Income and Expenses
  • Total Monthly Income: 8256621
Unit 1
  • Name Unit 1: Studio
  • Washer/Dryer Unit 1: true
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: true
  • Square Feet Unit 1: 441
  • Rent Unit 1: $1,585.00
  • Bedrooms Unit 1: 124
  • Bathrooms Unit 1: 0
Unit 2
  • Name Unit 2: Open 1-BD
  • Washer/Dryer Unit 2: true
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: true
  • Square Feet Unit 2: 552
  • Rent Unit 2: $1,750.00
  • Bedrooms Unit 2: 56
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: 1BD/1BR - 1
  • Washer/Dryer Unit 3: true
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: true
  • Square Feet Unit 3: 611
  • Rent Unit 3: $2,050.00
  • Bedrooms Unit 3: 69
  • Bathrooms Unit 3: 1
Unit 4
  • Name Unit 4: 1BD + Den
  • Washer/Dryer Unit 4: true
  • Range/Oven Unit 4: true
  • Refrigerator Unit 4: true
  • Dishwasher Unit 4: true
  • Square Feet Unit 4: 669
  • Rent Unit 4: $2,250.00
  • Bedrooms Unit 4: 35
  • Bathrooms Unit 4: 1
Unit 5
  • Name Unit 5: 2BD / 2BR
  • Washer/Dryer Unit 5: true
  • Range/Oven Unit 5: true
  • Refrigerator Unit 5: true
  • Dishwasher Unit 5: true
  • Square Feet Unit 5: 917
  • Rent Unit 5: $2,975.00
  • Bedrooms Unit 5: 23
  • Bathrooms Unit 5: 2
Unit 6
  • Name Unit 6: Retail
  • Washer/Dryer Unit 6: true
  • Range/Oven Unit 6: true
  • Refrigerator Unit 6: true
  • Dishwasher Unit 6: true
  • Square Feet Unit 6: 2156
  • Rent Unit 6: $4,312.00
  • Bedrooms Unit 6: 1
  • Bathrooms Unit 6: 1
Rental
Rent Information
  • Occupant Type: Vacant
  • Leasable Area: 174417.0

Property History for 301 East 26th Street

DateEvent & SourcePriceAppreciation
Jan 14, 2026

Listed (Active)

NWMLS #2468328

$21,500,000—
Nov 18, 2021

Sold (Public Record)

Public Record #1477294786

$3,649,064—
DateEvent & SourcePrice
01/14/2026

Listed (Active)

NWMLS #2468328

$21,500,000
11/18/2021

Sold (Public Record)

Public Record #1477294786

$3,649,064

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

Public Records for 301 East 26th Street

Taxable ValueLand$343,500Additions-Total$343,500
Tax Record2025$3,742 ($312 / month)
Home Facts
Lot Size6,500 SqFtStyleCommercialZoningUCX-TDCountyPIERCEAPN2076190010

Schools near 301 East 26th Street

This home is within Tacoma School District.
Rating
School
Type
Grades
Distance
Edna Travis Elementary
Public - PK to 5
Hilltop Heritage Middle School
Public - 6 to 8
Stadium High School
Public - 9 to 12
Tacoma Online
Public - K to 12
Rating
School
Distance
Edna Travis Elementary
PublicPK to 5

Hilltop Heritage Middle School
Public6 to 8

Stadium High School
Public9 to 12

Tacoma Online
PublicK 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.

Similar Homes

Similar Sold Homes

Explore Nearby Homes

More information about 301 East 26th Street, Tacoma, WA 98421

301 East 26th Street is a multi-family home for sale in Tacoma, WA 98421. This property was listed for sale on January 14, 2026 by Crestview Realty Advisors, it's currently listed at $21,500,000. It has been on the market for a total of 24 days and was last sold on November 18, 2021. This listing's school district is Tacoma School District. Nearby schools include Edna Travis Elementary, Hilltop Heritage Middle School and Stadium High School. 301 East 26th Street is a 308-bed, 6-bath, 246,080 sqft multi-family home built in 2026.

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, Inc., its subsidiaries, affiliates and their agents and associated third parties 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 Crestview Realty Advisors

Based on information submitted to the MLS GRID as of 01/15/2026 10:01 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.