PROPERTIES FOR SALE

615 Martin Luther King Jr Way Tacoma, WA 98405

NWMLS Courtesy of Keller Williams Realty
615 Martin Luther King Jr Way
Tacoma, WA 98405
$725,000
Multi-Family
0 Beds
0.00 Baths
0 SqFt
Active
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Located in the heart of Tacoma, this property operates like a tri-plex despite its legal duplex status, maximizing your rental income streams. Three distinct electric meters mean tenants pay their own power bills, reducing the owner’s expenses. Strong Return Metric; the 9% approximate cap rate is exceptionally high for a fully renovated turnkey asset. DADU Ready; The freshly cemented backyard is optimized to build a 20’x20’ Detached Accessory Dwelling Unit, which could add a fourth rental stream. Parking Assets; A three-car parking area accessed via the alley solves a common tenant pain point in dense urban areas. Turnkey Condition; The total 2026 renovation eliminates immediate capital expenditure (CapEx) needs for plumbing, electrical, or cosmetics. Healthcare Hub; Walking distance to major hospitals and medical buildings ensures a steady pool of high-quality tenants like travel nurses and healthcare professionals. Excellent Transit; Proximity to bus lines and the T Line (Tacoma Link) electric rail makes it highly desirable for commuters without cars.
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Property Features

Community: Stadium District
Duplex
View: Bay
View: City
Fenced-Partially
Exterior: Wood Products
Roof: Composition
Year Built: 1892
2025 Taxes: $4414.00
Buyer Broker Comp.: 2.5%%
Listing #: 2533311

Lot Details

Lot Size: 0.08 acres
Alley
Curbs
Paved
Sidewalk
No. of Units: 3

Interior

Cooling: None
Heating: Wall Furnace
Electric

Common Features

Basement

Schools

District: Tacoma
Call or Email:
Grace Wamwere

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Information is based on data available to the associate, including county records. The information has not been verified by the associate and all information presented should be verified by the buyer. Listings are provided by Northwest Multiple Listing Service as distributed by MLS GRID. The associate represented on this web site is not a multiple listing service but is a member of a local MLS.
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