6438 S Alder St - Alder Street Development 0.38 Acres of Commercial Land Offered at $825,000 in Tacoma, WA 98409

6438 S Alder Street presents a rare opportunity to acquire a prelim plat-ready multifamily development site in Tacoma, approved for 11 residential units in a highly accessible South Tacoma location. The thoughtfully designed site plan features six residential buildings with efficient unit layouts, dedicated parking, pedestrian connectivity, and modern utility infrastructure already incorporated into the civil plans.
Positioned on approximately 0.39 acres at the corner of S Alder Street and S 66th Street, the project is engineered for streamlined development with preliminary civil planning completed, including stormwater management, utility servicing, sidewalks, and site circulation. The proposed development includes multiple standalone residential structures designed to maximize density while maintaining functional spacing and access throughout the site.
This is an ideal opportunity for builders, multifamily developers, or investors seeking a shovel-ready or near shovel-ready infill housing project in one of Tacoma’s steadily growing residential corridors. Convenient access to I-5, downtown Tacoma, JBLM, and major employment centers further enhances the project’s long-term rental and resale appeal.