615 Martin Luther King Jr Way, Tacoma, WA 98405

Tacoma
Local realty services provided by:Better Homes and Gardens Real Estate Northwest Home Team
Listed by: chad nolan, rachel veary
Office: 1 percent lists tacoma
MLS#:2562234
Source:NWMLS
615 Martin Luther King Jr Way,Tacoma, WA 98405
$619,999
  • - Beds
  • - Baths
  • 2,986 sq. ft.
  • Multi-family
  • Active
Upcoming open houses
  • Sun, Aug 02
    11:00 am - 01:00 pm

Price summary

  • Price:$619,999
  • Price per sq. ft.:$207.64

About this home

Exceptional turnkey investment opportunity in the heart of Downtown Tacoma near Wright Park! Fully renovated, this property functions as a tri-plex while maintaining its legal duplex status, offering two spacious 3-bedroom units, plus a finished lower-level 2-bedroom unit for additional income potential. All three units have been extensively updated and are currently vacant, providing flexibility for investors seeking market rents or owner-occupants looking to offset their mortgage with rental income. Three separate electric meters allow tenants to pay their own electricity, helping reduce operating expenses. The property also offers outstanding future upside with potential to construct a Detached Accessory Dwelling Unit (DADU) in the rear yard, creating the opportunity for a 4th additional income-producing unit. A freshly improved backyard, alley access, and three dedicated parking spaces further enhance the property's functionality and appeal. Located amongst major hospitals,...

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Home facts

  • Year built:1892
  • Subdivision & Development:Stadium District
  • Listing ID #:2562234
  • Updated:July 31, 2026 at 02:43 AM

Rooms and interior

  • Flooring:Ceramic Tile Floor, Vinyl Plank
  • Living area:2,986 sq. ft.

Structure and exterior

  • Roof:Composition
  • Year built:1892
  • Building area:2,986 sq. ft.
  • Lot area:0.08 Acres
  • Lot Features:Alley, Curbed Lot, Paved, Sidewalk
  • Construction Materials:Wood Products Exterior Finish
  • Exterior Features:Fenced-Partially, Patio

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$619,999
  • Price per sq. ft.:$207.64
  • Tax amount:$4,371 (2026)

Parking

  • Total parking spaces:3
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