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$699,000 -$50,000 (-6.68%) Price Reduced

  • For Sale
  • Active
  • Multi-Family
  • Updated 4 days ago

Listed by Holly Bradley | eXp Realty | (888) 317-5197

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Two Three Bedroom Units Plus Finished Basement! Discover a fantastic investment opportunity at 615 Martin Luther King Jr Way in Tacoma. This remodeled property features three updated units that are currently vacant, offering immediate flexibility for investors or owner-occupants. Each unit has been refreshed, making this a turnkey opportunity ready for tenants or personal use. The property also offers excellent value-add potential to add/build a Detached Accessory Dwelling Unit (DADU) on the property, creating additional income streams and maximizing the lot's potential. Located in a convenient Tacoma location with access to major roads, transit, and local amenities, this property presents a compelling opportunity for investors looking for both current usability and future development upside. Three parking spaces in rear and potenial development in back. Buyer to verify all redevelopment and zoning potential.

Full Property Details for 615 Martin Luther King Junior Way

General

  • Price: $699,000
  • Taxes: $4,414 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2493281
  • Updated: 3/30/2026
  • Added to Site: 18 day(s) ago

Interior

  • Flooring: Vinyl Plank

Parking

  • Uncovered Spaces: 3

Location

  • Area: 20 - North Tacoma
  • County: Pierce
  • Subdivision: Stadium District
  • Driving Directions: From Downtown Tacoma, head east on South 11th Street toward Martin Luther King Jr Way. Turn right onto Martin Luther King Jr Way and continue south for a short distance.

School Information

  • High School District: Tacoma

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Wall Furnace

Utilities

  • Sewer: Sewer Connected

Structural Information

  • Structure Type: Duplex
  • Exterior Const.: Wood Products
  • Roof: Composition
  • Stories in Building: 3
  • Square Feet: 2,984
  • Year Built: 1892
  • Property Condition: Good

Lot Features

  • Property View: City
  • Lot Size (Acres): 0.0806
  • Lot Size (Sq. Ft.): 3,510
  • Lot Size Source: Realist
  • Lot Features: Paved, Sidewalk
  • Zoning: Multi-Family

Financial Considerations

  • Tax Amount: $4,414
  • Tax Year: 2025
  • Terms: Cash, Conventional

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 2300377

Listed by Holly Bradley | eXp Realty | (888) 317-5197

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NMLS#: 1598647

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Schools serving 615 Martin Luther King Junior Way

School District:Tacoma Public Schools
NameGradesDistance
Edna Travis Elementary
2111 South J Street, Tacoma, WA 98405
PK-51.1 mi
Hilltop Heritage Middle School
602 North Sprague Avenue, Tacoma, WA 98403
6-80.6 mi
Stadium High School
111 North E Street, Tacoma, WA 98403
9-120.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 615 Martin Luther King Junior Way Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/29/2026
Price Reduced
$699,000
-6.68%
MLS
3/17/2026
Listed
$749,000
524.17%
MLS
8/27/1992
Sold
$120,000
—
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 615 Martin Luther King Junior Way

Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,414
4%
$405,300
6%
2024
$4,256
—
$382,100
-7%
2023
$4,248
8%
$408,900
20%
2022
$3,919
9%
$341,500
19%
2021
$3,600
2%
$286,200
10%
2020
$3,541
20%
$260,900
13%
2018
$2,961
—
$231,600
24%
2018
$2,961
17%
$187,300
19%
2017
$2,540
8%
$157,500
13%
2016
$2,347
11%
$139,000
6%
2014
$2,108
—
$130,700
7%
2014
$2,108
—
$122,400
—
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 Holly Bradley | eXp Realty | (888) 317-5197

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615 Martin Luther King Junior Way, Tacoma, WA 98405 (MLS# 2493281) is a Multi-Family property with 3 units containing 0 bedrooms and 0 full bathrooms. 615 Martin Luther King Junior Way is currently listed for $699,000 and was received on March 17, 2026. Want to learn more about 615 Martin Luther King Junior Way? Do you have questions about finding other Multi-Family real estate for sale in Tacoma? You can browse all Tacoma real estate or contact a Coldwell Banker agent to request more information.

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