615 Martin Luther King Jr Way Tacoma, WA $ 725,000
615 Martin Luther King Jr Way
$ 725,000
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615 Martin Luther King Jr Way

Tacoma, WA, 98403
$ 725,000
Baths0.0 Sq 2,984

Monthly Estimate*

$ 4,464

Listed by Keller Williams Realty
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Studio

Multi-Family Home for sale in Tacoma, WA

for $725,000. This 2,984 square foot home was built in 1892 on a lot size of 0.0806.

Lives like a tri-plex! This Remodeled duplex in the heart of Tacoma near medical & office buildings! This duplex has had the bottom floor finished with fantastic ceramic tile. This unit rented for decades for the prior owner and this owner fixed the whole place up. The building is a perfect opportunity for a land lord whether it's living there and renting the others or just renting them all. Every unit has been made into "rent ready" so the cash flow opportunities are fantastic. There's room on the property for an ADU as well. The proximity to all arterials and transit is a no brainer, and provides new tenants an opportunity to walk to work with major hospitals, medical builds and office buildings nearby. This is a turn key property for any investor.

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Multi-Family Active

Price

$ 725,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 4,414

Style

Duplex

Lot Size

0.0806

Year Built

1892

Town/City

Tacoma

County/Region

Pierce

MLS | Web ID

2533311

Features
General
Living Area 0
Sewer Sewer Connected
Heating Wall Furnace
Cooling None
Possession Closing Negotiable
Roof Composition
HOA Fee 0
Garage Spaces 0
Security Features Partially Fenced
Year Built 1892
View Bay City
Property Subtype Multi Family
Tax Year 2025
Assoc Fee Paid Per Not Applicable
County Pierce
Net Operating Income 0
Insurance Expense 0
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Stadium District
Possible Use Residential
Special Listing Conditions None
Status Active
Directions GPS friendly
City Tacoma
Senior Community Y/N N
High School District Tacoma
Zoning Description Residential
Number Of Units Total 3
MLS Area 20 - North Tacoma
Lot Size Units Square Feet
Lot Size Square Feet 3510
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Conventional FHA VA Loan
Tax Annual Amount 4414
Electric Expense 0
Fuel Expense 0
Property Condition Updated/Remodeled
Public Remarks Lives like a tri-plex! This Remodeled duplex in the heart of Tacoma near medical & office buildings! This duplex has had the bottom floor finished with fantastic ceramic tile. This unit rented for de
Leasable Area 2984
Structure Type Duplex
Building Area Units Square Feet
Standard Status Active
Amenities Basement
Water Company TPU
Units Below Grade true
Units In Building Total 3
Water Sewer Garbage 0
Property Style 52 - Duplex
Cap Rate 0
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Exterior
Exterior Amenities Wood Products
Lot Features Alley Curbs Paved Sidewalk
Water Source Public
Total Parking 0
Building Area Total 2984
Lot Size Acres 0.0806
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Site Features Fenced-Partially
Parking Uncovered Total 0
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Interior
Flooring Ceramic Tile Laminate Carpet
Total Fireplaces 0
Total Stories 3
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
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Internal Only
OriginalMLSID NWM2533311
Street Number 1 615
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* Excluded Features
List By
Steve Hiatt

Listing Agent

Keller Williams Realty

Broker

Affordability Calculator

$4,832
Per Month
92%
8%
0%
Monthly Principal & Interest
$4,464
Monthly Property Taxes
$368
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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.
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Nearby
256639 Elementary School
257487 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/2/2026$725,000 Listed Price

Map


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615 Martin Luther King Jr Way, Tacoma, WA, 98403 is a Multi-Family Home for sale at $725,000 with 2,984 sqft and a lot size of 0.0806. 615 Martin Luther King Jr Way is a studio with 0.0 baths and was built in 1892. The property's zip code is 98403 which is in Tacoma, WA