705 Martin Luther King Jr. Way Tacoma, WA $ 805,000
705 Martin Luther King Jr. Way
$ 805,000
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705 Martin Luther King Jr. Way

Tacoma, WA, 98405
$ 805,000
Baths0.0 Sq 2,358

Monthly Estimate*

$ 5,350

Listed by Keller Williams Seattle Metro
705 Martin Luther King Jr. Way, Tacoma, WA 98405 - Image 1
705 Martin Luther King Jr. Way, Tacoma, WA 98405 - Image 2
705 Martin Luther King Jr. Way, Tacoma, WA 98405 - Image 3
705 Martin Luther King Jr. Way, Tacoma, WA 98405 - Image 4
705 Martin Luther King Jr. Way, Tacoma, WA 98405 - Image 5
705 Martin Luther King Jr. Way, Tacoma, WA 98405 - Image 6
705 Martin Luther King Jr. Way, Tacoma, WA 98405 - Image 7
705 Martin Luther King Jr. Way, Tacoma, WA 98405 - Image 8
705 Martin Luther King Jr. Way, Tacoma, WA 98405 - Image 9
Studio

Multi-Family Home for sale in Tacoma, WA

for $805,000. This 2,358 square foot home was built in 1905 on a lot size of 0.0299.

DON'T MISS THIS Investor opportunity! Two story triplex consisting of one (1) three bed, one bath unit that is 819 SqFt, and two (2) two bed, one bath units measuring 780 SqFt each. Washer and dryer in each unit. Central location nearby the 6th Ave Light Rail Station, hospitals, shopping, businesses, schools, and dining.

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Multi-Family Active

Price

$ 805,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 4,665

Style

Tri-plex

Lot Size

0.0299

Year Built

1905

Town/City

Tacoma

County/Region

Pierce

MLS | Web ID

2231001

Features
General
Interior Features Wall to Wall Carpet
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Closing Tenant's Rights
Roof Composition
Exterior Features Metal/Vinyl
HOA 0
Year Built 1905
Property SubType Multi-Family
Tax Year 2023
Building Name 721
County Pierce
Net Operating Income 45220
Insurance Expense 1105
New Construction N
Property Type Residential Income
HOA / Comm Assn N
Subdivision Name Tacoma
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions I-5 South exit 1A toward S Sprague Ave right on S 9th St. left on MLK Jr. Way. Property on right hand side.
City Tacoma
Buyer Agent Compensation 2
View Y/N N
Senior Community Y/N N
High School District Tacoma
Open Parking Spaces 0
Total Units 3
MLS Area 29 - Central Tacoma
Lot Size Square Feet 1302
Waterfront Y/N N
Carport Spaces 0
Carport Y/N N
Street Name Martin Luther King Jr. Way
Listing Terms Cash Out Conventional Owner Financing
Tax Annual Amount 4665
Electric Expense 0
Fuel Expense 0
Public Remarks DON'T MISS THIS Investor opportunity! Two story triplex consisting of one (1) three bed one bath unit that is 819 SqFt and two (2) two bed one bath units measuring 780 SqFt each. Washer and dryer in
Leasable Area 2358
Structure Type Triplex
Building Area Units Square Feet
Standard Status Active
Water Company Tacoma Public Utilities
Units Below Grade false
Units In Building Total 3
Zoning Class Multi-Family
Water Sewer Garbage 4558
Property Style 53 - Tri-plex
Cap Rate 5.65
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Interior
Flooring Vinyl Carpet
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Bedrooms Possible 0
Living Area Units Square Feet
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Exterior
Lot Features Curbs Paved Sidewalk
Total Parking 2
Foundation Details Poured Concrete
Building Area Total 2358
Lot Size Acres 0.0299
Lot Size Units Square Feet
Covered Spaces 0
Open Parking Y/N N
Irrigation Water Rights Y/N N
Parking Uncovered Spaces 0
Lot Number 2
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Internal Only
OriginalMLSID NWM2231001
Street Number 1 705
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* Excluded Features
List By
Brett I Hales

Listing Agent

Keller Williams Seattle Metro

Broker

Affordability Calculator

$5,739
Per Month
93%
7%
0%
Monthly Principal & Interest
$5,350
Monthly Property Taxes
$389
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
256639 Elementary School
257487 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/3/2024$799,000 Listed Price

Map


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705 Martin Luther King Jr. Way, Tacoma, WA, 98405 is a Multi-Family Home for sale at $805,000 with 2,358 sqft and a lot size of 0.0299. 705 Martin Luther King Jr. Way is a studio with 0.0 baths and was built in 1905. The property's zip code is 98405 which is in Tacoma, WA