USAWATacomaStadium District615 Martin Luther King Jr Way
Listing image | Image 1

615 Martin Luther King Jr Way, Tacoma, WA

House

For Sale

Listed price in listed location currency (USD).
$699,000

003

MLS® 2533311

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage 
Taxes $4,414
Days Active 29
Lot Size 0.0806 Acres
Approx. Age 1892
MLS® Number 2533311

Property Address: 615 Martin Luther King Jr Way, Tacoma, WA, 98405-4137

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number2533311
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1892
Basement
Driveway
Garage Spaces
HeatWall Furnace
A/CNone

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 2, 2026List Date
$699,000List Price
  • Commute

Commute

Starting Address
Destination Address
615 Martin Luther King Jr Way, Tacoma, WA

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