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$940,000
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Property Description
The Kelley Arms Apartments is a 7-unit multifamily property located in the heart of Downtown Tacoma's 6th Ave Business District. The asset combines vintage character with thoughtful updates, offering a boutique investment opportunity in one of Tacoma's most walkable and transit-connected neighborhoods. Originally built in 1931, the property is well-positioned for a new owner to take advantage of immediate rental upside. The unit mix includes six one-bedroom units averaging 770 square feet and one studio unit at 300 square feet. Recent capital improvements include a new roof installed in 2021 and updated windows within the last four years.
Full Property Details
Full Property Details for 801 Martin Luther King Jr Way
General
- Sold For: $940,000
- Taxes: $10,768 (2025)
- Status: Closed
- Type: Multi-Family
- Source: NWMLS
- MLS ID: 2391945
- Added to Site: 220 day(s) ago
Location
- Area: 13 - North Tacoma
- County: Pierce
- Subdivision: North Tacoma
- Driving Directions: On I-5 S, take exit 133 for I-705 N. Turn left onto Commerce St. Turn right onto S 9th St. Turn right onto M.L.K. Jr Way.
School Information
- High School District: Tacoma
Heating & Cooling
- Cooling Type: None
- Heating Type: Radiant
Utilities
- Sewer: Sewer Connected
Structural Information
- Structure Type: Multi Family
- Exterior Const.: Brick
- Roof: Flat
- Stories in Building: 3
- Square Feet: 4,920
- Year Built: 1931
Unit Information
- Units in Building: 7
Lot Features
- Lot Size (Acres): 0.0746
- Lot Size (Sq. Ft.): 3,250
- Lot Size Source: Public Records
Financial Considerations
- Tax Amount: $10,768
- Tax Year: 2025
- Terms: Cash Out, Conventional
Disclosures and Reports
- Special Conditions: None
- Property ID: 2008210010
Listed by Tanner Fogle | Paragon Real Estate Advisors | (206) 623-8880
Sold by Liat Arama | Keasy Property Management
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Schools
Schools serving 801 Martin Luther King Jr Way
School District:Tacoma Public Schools
| Name | Grades | Distance |
|---|---|---|
Edna Travis Elementary 2111 South J Street, Tacoma, WA 98405 | PK-5 | 1 mi |
Hilltop Heritage Middle School 602 North Sprague Avenue, Tacoma, WA 98403 | 6-8 | 0.7 mi |
Stadium High School 111 North E Street, Tacoma, WA 98403 | 9-12 | 0.8 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 801 Martin Luther King Jr Way
Date
Details
Price
Change
Source
12/01/2025
Sold
$940,000
-3.59%
MLS
8/21/2025
Price Reduced
$975,000
-10.96%
MLS
6/12/2025
Listed
$1,095,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
801 Martin Luther King Jr. Way, Tacoma, WA 98405 (MLS# 2391945) is a Multi-Family property that was sold at $940,000 on December 01, 2025. Want to learn more about 801 Martin Luther King Jr. 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.

