Back to search
1405 Martin Luther King Jr Way Tacoma, WA $ 1,500,000
Share Save
$ 1,500,000 Get more info
1405 Martin Luther King Jr Way
$ 1,500,000
Back to search
Share Save

1405 Martin Luther King Jr Way

Tacoma, WA, 98405
$ 1,500,000
Baths0.0 Sq 5,680

Monthly Estimate*

$ 9,358

Listed by Theory Real Estate
1405 Martin Luther King Jr Way, Tacoma, WA 98405 - Image 1
1405 Martin Luther King Jr Way, Tacoma, WA 98405 - Image 2
1405 Martin Luther King Jr Way, Tacoma, WA 98405 - Image 3
1405 Martin Luther King Jr Way, Tacoma, WA 98405 - Image 4
1405 Martin Luther King Jr Way, Tacoma, WA 98405 - Image 5
1405 Martin Luther King Jr Way, Tacoma, WA 98405 - Image 6
1405 Martin Luther King Jr Way, Tacoma, WA 98405 - Image 7
1405 Martin Luther King Jr Way, Tacoma, WA 98405 - Image 8
1405 Martin Luther King Jr Way, Tacoma, WA 98405 - Image 9
1405 Martin Luther King Jr Way, Tacoma, WA 98405 - Image 10
1405 Martin Luther King Jr Way, Tacoma, WA 98405 - Image 11
1405 Martin Luther King Jr Way, Tacoma, WA 98405 - Image 12
1405 Martin Luther King Jr Way, Tacoma, WA 98405 - Image 13
1405 Martin Luther King Jr Way, Tacoma, WA 98405 - Image 14
1405 Martin Luther King Jr Way, Tacoma, WA 98405 - Image 15
1405 Martin Luther King Jr Way, Tacoma, WA 98405 - Image 16
1405 Martin Luther King Jr Way, Tacoma, WA 98405 - Image 17
1405 Martin Luther King Jr Way, Tacoma, WA 98405 - Image 18
1405 Martin Luther King Jr Way, Tacoma, WA 98405 - Image 19
1405 Martin Luther King Jr Way, Tacoma, WA 98405 - Image 20
1405 Martin Luther King Jr Way, Tacoma, WA 98405 - Image 21
1405 Martin Luther King Jr Way, Tacoma, WA 98405 - Image 22
1405 Martin Luther King Jr Way, Tacoma, WA 98405 - Image 23
1405 Martin Luther King Jr Way, Tacoma, WA 98405 - Image 24
1405 Martin Luther King Jr Way, Tacoma, WA 98405 - Image 25
1405 Martin Luther King Jr Way, Tacoma, WA 98405 - Image 26
1405 Martin Luther King Jr Way, Tacoma, WA 98405 - Image 27
1405 Martin Luther King Jr Way, Tacoma, WA 98405 - Image 28
1405 Martin Luther King Jr Way, Tacoma, WA 98405 - Image 29
1405 Martin Luther King Jr Way, Tacoma, WA 98405 - Image 30
1405 Martin Luther King Jr Way, Tacoma, WA 98405 - Image 31
1405 Martin Luther King Jr Way, Tacoma, WA 98405 - Image 32
1405 Martin Luther King Jr Way, Tacoma, WA 98405 - Image 33
1405 Martin Luther King Jr Way, Tacoma, WA 98405 - Image 34
1405 Martin Luther King Jr Way, Tacoma, WA 98405 - Image 35
1405 Martin Luther King Jr Way, Tacoma, WA 98405 - Image 36
1405 Martin Luther King Jr Way, Tacoma, WA 98405 - Image 37
Studio

Multi-Family Home for sale in Tacoma, WA

for $1,500,000. This 5,680 square foot home was built in 1968 on a lot size of 0.1492.

Are you looking for your next multi family investment? Maybe 1031 exchange? Look no further! This 10 unit apartment complex in Hilltop is an incredible opportunity and perfect for your portfolio! Very conforming 2 story complex with 5 units down, 5 units up, a laundry room, and storage room! Each unit is a 1 bed 1 bath and all separately metered! Various updates have been done throughout the interiors and exterior of the property! This is a prime location conveniently located on the Tacoma Link Light Rail, nearby UW Tacoma, Stadium District, Hospitals, restaurants, shops, entertainment, and more! Fully gated property for security and a dog run out back! This has everything you need for your next investment! Hurry before it's gone!

See more
Multi-Family Active

Price

$ 1,500,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 13,669

Style

10+ Units

Lot Size

0.1492

Year Built

1968

Town/City

Tacoma

County/Region

Pierce

MLS | Web ID

2438830
Features
General
Living Area 0
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Closing Subject to Tenant Rights
Roof Composition
HOA Fee 0
Security Features Partially Fenced Security Gate
Year Built 1968
Property Subtype Multi Family
Tax Year 2025
County Pierce
Net Operating Income 98482
Insurance Expense 7860
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Hilltop
Special Listing Conditions None
Status Active
Directions GPS friendly
City Tacoma
Senior Community Y/N N
High School District Tacoma
Open Parking Spaces 6
Number Of Units Total 10
MLS Area 29 - Central Tacoma
Lot Size Units Square Feet
Lot Size Square Feet 6500
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Out Conventional FHA VA Loan
Tax Annual Amount 13669
Electric Expense 10000
Fuel Expense 0
Public Remarks Are you looking for your next multi family investment? Maybe 1031 exchange? Look no further! This 10 unit apartment complex in Hilltop is an incredible opportunity and perfect for your portfolio! Ver
Leasable Area 5680
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Active
Amenities Coin Op Laundry Storage
Water Company TPU
Units Below Grade false
Units In Building Total 10
Water Sewer Garbage 5340
Property Style 56 - 10+ Units
Cap Rate 6.57
See more
Exterior
Exterior Amenities Wood Products
Lot Features Alley Curbs Paved Sidewalk
Water Source Public
Total Parking 6
Foundation Details Poured Concrete
Building Area Total 5680
Lot Size Acres 0.1492
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Site Features Fenced-Partially Gated Entry
Parking Uncovered Spaces 6
See more
Interior
Flooring Vinyl Vinyl Plank
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
See more
Internal Only
OriginalMLSID NWM2438830
Street Number 1 1405
See more
* Excluded Features
List By
Ronald Dudley

Listing Agent

Theory Real Estate

Broker

Affordability Calculator

$10,497
Per Month
89%
11%
0%
Monthly Principal & Interest
$9,358
Monthly Property Taxes
$1,139
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
256639 Elementary School
257487 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/23/2025$1,500,000 -6.25% Price Down
9/27/2025$1,600,000 Listed Price

Map

More homes like this one

homes for you

See all
See all

1405 Martin Luther King Jr Way, Tacoma, WA, 98405 is a Multi-Family Home for sale at $1,500,000 with 5,680 sqft and a lot size of 0.1492. 1405 Martin Luther King Jr Way is a studio with 0.0 baths and was built in 1968. The property's zip code is 98405 which is in Tacoma, WA

Get more info