615 Martin Luther King Junior Way, Tacoma, Washington 98405

WA, Tacoma
$699,000
  • 2,984 Sqft
  • Residential Income Property Type
  • 1892 Year Built
  • Pending Status
Property Description

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.

Source: NWMLS
Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 2493281
  • Price: $699,000
  • View: City
  • Square Footage: 2,984 Sqft
  • Year Built: 1892
  • Lot Area: 0.08 Acre
  • Status: Pending
  • Office Name: eXp Realty
  • Agent Name: Holly Bradley
  • Property Sub Type: Multi Family
  • Roof: Composition
Features
  • Heating System Wall Furnace
  • Cooling System None
  • Exterior Features Wood Products
  • Flooring Vinyl Plank
  • Sewer Sewer Connected
Address Map
  • Country US
  • State WA
  • County Pierce
  • City Tacoma
  • Zipcode 98405
  • Street: Martin Luther King Junior
  • Street Number: 615
  • Street Suffix: Way
  • Longitude: W123° 32' 51.5''
  • Latitude: N47° 15' 23.9''
  • 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.
  • Mls Area Major: 20 - North Tacoma
Neighborhood
  • High School District: Tacoma
Additional Information
  • Stories Total: 3
  • Possible Use: Multi-Family
  • On Market Date: 2026-03-17
  • Number Of Units Total: 3
  • Lot Features: Paved, Sidewalk
  • Construction Materials: Wood
Financial
  • Tax Annual Amount: 4414
Listing Information
  • List Agent Mls Id: 121993
  • List Office Mls Id: 4484
  • Listing Term: Cash,Conventional
  • Mls Status: Pending
  • Modification Timestamp: 2026-04-07T20:10:11Z
  • Originating System Name: NWMLS
  • Special Listing Conditions: None
  • Status Change Timestamp: 2026-04-07T20:08:02Z
Rene  Orona
Rene Orona SKYLINE PROPERTIES, INC.
  • +1-425-891-8162
  • rene@brokerofrealestate.com
  • 50 116TH AVE SE STE 120 Bellevue, WA 98004, United States
  • +1-425-732-9211

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