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$1,450,000

  • For Sale
  • Active
  • Multi-Family
  • Updated 9 days ago

Listed by Ronald Dudley | Theory Real Estate | (253) 537-4663

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Are you looking for your next multi family investment? Maybe 1031 exchange? Look no further! This 10 unit apartment complex in Hilltop is an incredible opportunity and perfect for your portfolio! Very conforming 2 story complex with 5 units down, 5 units up, a laundry room, and storage room! Each unit is a 1 bed 1 bath and all separately metered! Various updates have been done throughout the interiors and exterior of the property! This is a prime location conveniently located on the Tacoma Link Light Rail, nearby UW Tacoma, Stadium District, Hospitals, restaurants, shops, entertainment, and more! Fully gated property for security and a dog run out back! This has everything you need for your next investment! Hurry before it's gone!

Full Property Details for 1405 Martin Luther King Jr Way

General

  • Price: $1,450,000
  • Taxes: $13,669 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2467071
  • Updated: 1/9/2026
  • Added to Site: 10 day(s) ago

Interior

  • Flooring: Vinyl, Vinyl Plank

Additional Information

  • Amenities: Fenced-Partially, Gated Entry
  • Security/Safety: Partially Fenced, Security Gate

Parking

  • Uncovered Spaces: 6

Location

  • Area: 29 - Central Tacoma
  • County: Pierce
  • Subdivision: Hilltop
  • Driving Directions: GPS friendly

School Information

  • High School District: Tacoma

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Baseboard

Utilities

  • Sewer: Sewer Connected
  • Water: Public

Structural Information

  • Structure Type: Multi Family
  • Exterior Const.: Wood Products
  • Foundation: Poured Concrete
  • Roof: Composition
  • Stories in Building: 2
  • Square Feet: 5,680
  • Year Built: 1968

Unit Information

  • Units in Building: 10

Lot Features

  • Lot Size (Acres): 0.1492
  • Lot Size (Sq. Ft.): 6,500
  • Lot Size Source: Realist
  • Lot Features: Alley, Curbs, Paved, Sidewalk

Financial Considerations

  • Tax Amount: $13,669
  • Tax Year: 2025
  • Terms: Cash Out, Conventional, FHA, VA Loan

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 2014210020

Listed by Ronald Dudley | Theory Real Estate | (253) 537-4663

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Schools serving 1405 Martin Luther King Jr Way

School District:Tacoma Public Schools
NameGradesDistance
Edna Travis Elementary
2111 South J Street, Tacoma, WA 98405
PK-50.5 mi
Hilltop Heritage Middle School
602 North Sprague Avenue, Tacoma, WA 98403
6-80.9 mi
Stadium High School
111 North E Street, Tacoma, WA 98403
9-121.2 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1405 Martin Luther King Jr Way Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/09/2026
Listed
$1,450,000
11.54%
MLS
5/18/2023
Sold
$1,300,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1405 Martin Luther King Jr Way

Year
Property Taxes
Change
Tax Assessment
Change
2025
$13,669
7%
$1,257,300
9%
2024
$12,789
7%
$1,150,400
—
2023
$11,930
—
$1,150,400
10%
2022
$11,967
—
$1,045,000
10%
2021
$11,921
1%
$950,000
9%
2020
$11,801
59%
$871,500
10%
2018
$7,423
—
$792,400
68%
2018
$7,423
18%
$470,400
20%
2017
$6,310
—
$392,000
5%
2016
$6,293
1%
$373,400
8%
2014
$6,255
—
$345,700
-5%
2014
$6,255
—
$363,900
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Ronald Dudley | Theory Real Estate | (253) 537-4663

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1405 Martin Luther King Jr Way, Tacoma, WA 98405 (MLS# 2467071) is a Multi-Family property with 10 units containing 0 bedrooms and 0 full bathrooms. 1405 Martin Luther King Jr Way is currently listed for $1,450,000 and was received on January 09, 2026. Want to learn more about 1405 Martin Luther King Jr Way? Do you have questions about finding other Multi-Family real estate for sale in New Tacoma? You can browse all New Tacoma real estate or contact a Coldwell Banker agent to request more information.

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