MLS: #NWM2562234, Listed By: Chad Nolan, 1 Percent Lists Tacoma, Source:NWMLS - Northwest Multiple Listing Service
615 Martin Luther King Jr Way
Tacoma, WA 98405
0
Bed
0
Bath
2,986Sqft
0.08Acre(Lot)
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 additiona
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Interior Features
Roof: CompositionRoofing Information
Composition -
Flooring Information
Flooring: Ceramic Tile, Vinyl Plank Construction Materials: Wood -
Heating & Cooling
Heating: Wall Furnace Has Heating: Yes Cooling: None WaterSource: Public
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Building Information
Year Built: 1892 -
Exterior Features
Wood Products Construction Materials: Wood Foundation Details: Poured Concrete
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Lot Information
Lot Description: Alley, Curbs, Paved, Sidewalk Lot Square Feet: 3510 Lot Acres: 0.0806Property Information
Property Type: Residential Income Sub Type: Multi Family Structure Type: Triplex
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Listing Price Information
Original List Price:$619999
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Tax Information
Annual Tax: $4371.06 Tax Year: 2026 Parcel Number: 2006210070
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Virtual Tour
Parking Information
Total Parking: 3
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Utility Information
Sewer: Sewer Connected Water Source: Public -
Location Information
Subdivision: Stadium District City: Tacoma Direction: Use GPS :)
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1214 S I Street, Tacoma, WA, 98405 | $979,999 | -- | -- | 3,435 | 3,435 SqFt |
| 2529 S G Street, Tacoma, WA, 98405 | $479,999 | -- | -- | 1,342 | 1,342 SqFt |
| 709 S M Street #A B, Tacoma, WA, 98405 | $499,000 | -- | -- | 1,738 | 1,738 SqFt |
| 1214 S 8th Street #1 2, Tacoma, WA, 98405 | $639,999 | -- | -- | 2,236 | 2,236 SqFt |
| 1310 1308 S 8th, Tacoma, WA, 98405 | $450,000 | -- | -- | 1,540 | 1,540 SqFt |
| 1410 6th Avenue, Tacoma, WA, 98405 | $625,000 | -- | -- | 1,557 | 1,557 SqFt |
| 2152 S -54 J St Street, Tacoma, WA, 98405 | $545,000 | -- | -- | 2,679 | 2,679 SqFt |
| 2147 Martin Luther King.., Tacoma, WA, 98405 | $565,000 | -- | -- | 1,996 | 1,996 SqFt |
| 1110 S 25th Street #A/B, Tacoma, WA, 98405 | $500,000 | -- | -- | 1,870 | 1,870 SqFt |
| 901 S Grant Avenue, Tacoma, WA, 98405 | $950,000 | -- | -- | 2,360 | 2,360 SqFt |
Similar Multifamily To 615 Martin Luther King Jr Way
Nearby For Sale
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ByOwner last updated this listing 08/06/2026 @ 06:20
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