Rare shovel-ready, fully permitted 20-unit multifamily development opportunity in one of Tacoma's strongest urban corridors, with approved plans included to allow immediate construction and accelerated delivery. The seller is open to a joint venture structure or partial seller financing, offering flexible capital solutions for builders and investors. The approved project consists of a 20-unit apartment building with efficiently designed one-bedroom units averaging approximately 450 square feet, and was developed with significant builder input to simplify construction and keep development costs down, supporting efficient execution and strong returns. The project qualifies for Tacoma's 12-Year Multifamily Tax Exemption (MFTE), providing substantial property tax savings on residential improvements, and is ideally located just minutes from UW Tacoma, four minutes to downtown, and two blocks from the Tacoma Link light rail, creating a highly desirable transit-oriented location near major employers, education, and urban amenities. The site also offers views of Mount Rainier and the Tacoma skyline, enhancing tenant appeal, and represents one of the few remaining fully entitled multifamily opportunities in this rapidly growing Tacoma corridor. Renderings shown depict the approved project and do not represent current site conditions.