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615 Martin Luther King Jr WayTacoma, WA 98405Price: $725,000

  • Price: $725,000
  • Est. Mortgage of $/month
  • 13 Days on Market
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Federal 30-year interest rate: 6.52% last updated on Jun 11, 2026
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $725,000List Price
  • 0.08Acreage
  • 2,984Square Feet
Listed by Steven Hiatt of Keller Williams Realty
New Listing
615 Martin Luther King Jr Way Tacoma WA 98405
615 Martin Luther King Jr Way Tacoma WA 98405
615 Martin Luther King Jr Way Tacoma WA 98405
615 Martin Luther King Jr Way Tacoma WA 98405
615 Martin Luther King Jr Way Tacoma WA 98405
615 Martin Luther King Jr Way Tacoma WA 98405
615 Martin Luther King Jr Way Tacoma WA 98405
615 Martin Luther King Jr Way Tacoma WA 98405
615 Martin Luther King Jr Way Tacoma WA 98405
615 Martin Luther King Jr Way Tacoma WA 98405
615 Martin Luther King Jr Way Tacoma WA 98405
615 Martin Luther King Jr Way Tacoma WA 98405
615 Martin Luther King Jr Way Tacoma WA 98405
615 Martin Luther King Jr Way Tacoma WA 98405
615 Martin Luther King Jr Way Tacoma WA 98405
615 Martin Luther King Jr Way Tacoma WA 98405
615 Martin Luther King Jr Way Tacoma WA 98405
615 Martin Luther King Jr Way Tacoma WA 98405
615 Martin Luther King Jr Way Tacoma WA 98405
615 Martin Luther King Jr Way Tacoma WA 98405
615 Martin Luther King Jr Way Tacoma WA 98405
615 Martin Luther King Jr Way Tacoma WA 98405
615 Martin Luther King Jr Way Tacoma WA 98405
615 Martin Luther King Jr Way Tacoma WA 98405
615 Martin Luther King Jr Way Tacoma WA 98405
615 Martin Luther King Jr Way Tacoma WA 98405
615 Martin Luther King Jr Way Tacoma WA 98405
615 Martin Luther King Jr Way Tacoma WA 98405
615 Martin Luther King Jr Way Tacoma WA 98405
615 Martin Luther King Jr Way Tacoma WA 98405
615 Martin Luther King Jr Way Tacoma WA 98405
615 Martin Luther King Jr Way Tacoma WA 98405
615 Martin Luther King Jr Way Tacoma WA 98405
615 Martin Luther King Jr Way Tacoma WA 98405
615 Martin Luther King Jr Way Tacoma WA 98405

Listing Tools

Located in the heart of Tacoma, this property operates like a tri-plex despite its legal duplex status, maximizing your rental income streams. Three distinct electric meters mean tenants pay their own power bills, reducing the owner's expenses. Strong Return Metric; the 9% approximate cap rate is exceptionally high for a fully renovated turnkey asset. DADU Ready; The freshly cemented backyard is optimized to build a 20'x20' Detached Accessory Dwelling Unit, which could add a fourth rental stream. Parking Assets; A three-car parking area accessed via the alley solves a common tenant pain point in dense urban areas. Turnkey Condition; The total 2026 renovation eliminates immediate capital expenditure (CapEx) needs for plumbing, electrical, or cosmetics. Healthcare Hub; Walking distance to major hospitals and medical buildings ensures a steady pool of high-quality tenants like travel nurses and healthcare professionals. Excellent Transit; Proximity to bus lines and the T Line (Tacoma Link) electric rail makes it highly desirable for commuters without cars.

Property Details of 615 Martin Luther King Jr Way

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Listing data courtesy of NWMLS as provided by MLS Grid as of June 13, 2026 10:02 AM UTC . All data is obtained from various sources and has not been, and will not be, verified by broker or NWMLS. All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. Supplied Open House Information is subject to change without notice. Many homes contain recording devices, and buyers should be aware they may be recorded during a showing. Listing data shown with the three tree icon are provided courtesy of NWMLS. Some IDX listings have been excluded from this website. IDX information is provided exclusively for consumers’ personal non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.  The data is deemed reliable but is not guaranteed.

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