615 Martin Luther King Junior Way Tacoma, WA $ 749,000
615 Martin Luther King Junior Way
$ 749,000
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615 Martin Luther King Junior Way

Tacoma, WA, 98405
$ 749,000
Baths0.0 Sq 2,984

Monthly Estimate*

$ 4,612

Listed by eXp Realty
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Studio

Multi-Family Home for sale in Tacoma, WA

for $749,000. This 2,984 square foot home was built in 1892 on a lot size of 0.0806.

Two Three Bedroom Units Plus-Third Unit Potential! Discover a fantastic investment opportunity at 615 Martin Luther King Jr Way in Tacoma. This remodeled duplex features two updated units that are currently vacant, offering immediate flexibility for investors or owner-occupants. Each unit has been refreshed, making this a turnkey opportunity ready for tenants or personal use. The property also offers excellent value-add potential as the basement is completely finished which provides an opportunity to rent a third unit and/or build a Detached Accessory Dwelling Unit (DADU) on the property, creating additional income streams and maximizing the lot’s potential. Located in a convenient Tacoma location with access to major roads, transit, and local amenities, this property presents a compelling opportunity for investors looking for both current usability and future development upside. Three parking spaces in rear and potenial development in back. Buyer to verify all redevelopment and zoning potential.

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Multi-Family Active

Price

$ 749,000

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

2493281

Features
General
Living Area 0
Sewer Sewer Connected
Heating Wall Furnace
Cooling None
Possession Closing
Roof Composition
HOA Fee 0
Garage Spaces 0
Year Built 1892
View City
Property Subtype Multi Family
Tax Year 2025
County Pierce
Net Operating Income 44886
Insurance Expense 1700
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Stadium District
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions From Downtown Tacoma head east on South 11th Street toward Martin Luther King Jr Way. Turn right onto Martin Luther King Jr Way and continue south for a short distance.
City Tacoma
Senior Community Y/N N
High School District Tacoma
Zoning Description Multi-Family
Number Of Units Total 2
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
Tax Annual Amount 4414
Electric Expense 3000
Fuel Expense 0
Property Condition Good
Public Remarks Two Three Bedroom Units Plus-Third Unit Potential! Discover a fantastic investment opportunity at 615 Martin Luther King Jr Way in Tacoma. This remodeled duplex features two updated units that are c
Leasable Area 2984
Structure Type Duplex
Building Area Units Square Feet
Standard Status Active
Amenities Basement
Water Company Public
Units Below Grade false
Water Sewer Garbage 3000
Property Style 52 - Duplex
Cap Rate 6
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Exterior
Exterior Amenities Wood Products
Lot Features Paved Sidewalk
Building Area Total 2984
Lot Size Acres 0.0806
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Parking Uncovered Total 3
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Interior
Flooring Vinyl Plank
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 NWM2493281
Street Number 1 615
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* Excluded Features
List By
Holly Bradley

Listing Agent

Exp Realty

Broker

Affordability Calculator

$4,980
Per Month
93%
7%
0%
Monthly Principal & Interest
$4,612
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
3/17/2026$749,000 Listed Price

Map


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615 Martin Luther King Junior Way, Tacoma, WA, 98405 is a Multi-Family Home for sale at $749,000 with 2,984 sqft and a lot size of 0.0806. 615 Martin Luther King Junior Way is a studio with 0.0 baths and was built in 1892. The property's zip code is 98405 which is in Tacoma, WA