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1405 Martin Luther King Jr Way Tacoma, WA $ 1,300,000
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$ 1,300,000 Get more info
1405 Martin Luther King Jr Way
$ 1,300,000
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1405 Martin Luther King Jr Way

Tacoma, WA, 98405
$ 1,300,000
Bedrooms10 Baths10.0 Sq 5,680

Monthly Estimate*

$ 8,208

Listed by Theory Real Estate
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Multi-Family Home for sale in Tacoma, WA

for $1,300,000 with 10 bedrooms and 10 full baths. 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!

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Multi-Family Active

Price

$ 1,300,000

Bedrooms

10

Full Bath

10

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

2467071
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 95359
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 Conventional FHA VA Loan
Tax Annual Amount 13669
Electric Expense 2000
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 13000
Property Style 56 - 10+ Units
Cap Rate 7.34
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Exterior
Exterior Amenities Wood Products
Lot Features Alley Curbs Paved Sidewalk
Water Source Public
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
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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
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Internal Only
OriginalMLSID NWM2467071
Street Number 1 1405
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* Excluded Features
List By
Ronald Dudley

Listing Agent

Theory Real Estate

Broker

Affordability Calculator

$9,347
Per Month
88%
12%
0%
Monthly Principal & Interest
$8,208
Monthly Property Taxes
$1,139
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
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Pricing History
DatePricePrice ChangeDescription
7/7/2026$1,300,000 -3.70% Price Down
5/13/2026$1,350,000 -3.57% Price Down
2/11/2026$1,400,000 -3.45% Price Down
1/10/2026$1,450,000 Listed Price

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1405 Martin Luther King Jr Way, Tacoma, WA, 98405 is a Multi-Family Home for sale at $1,300,000 with 5,680 sqft and a lot size of 0.1492. 1405 Martin Luther King Jr Way has 10 bedrooms, 10.0 baths, and was built in 1968. The property's zip code is 98405 which is in Tacoma, WA

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