Tacoma, WA 98405 801 Martin Luther King Jr. Way
$975,000
22 more
Presented By: Paragon Real Estate Advisors and NWMLS
- MLS# 2391945
- 06/12/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 4,920
Home Details
The Kelley Arms Apartments is a 7-unit multifamily property located in the heart of Downtown Tacoma’s 6th Ave Business District. The asset combines vintage character with thoughtful updates, offering a boutique investment opportunity in one of Tacoma’s most walkable and transit-connected neighborhoods. Originally built in 1931, the property is well-positioned for a new owner to take advantage of immediate rental upside. The unit mix includes six one-bedroom units averaging 770 square feet and one studio unit at 300 square feet. Recent capital improvements include a new roof installed in 2021 and updated windows within the last four years.
Presented By: Paragon Real Estate Advisors and NWMLS
Interior Features for 801 Martin Luther King Jr. Way
Bedrooms
Bedrooms Possible0
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces
Total Stories3
General for 801 Martin Luther King Jr. Way
Building Area UnitsSquare Feet
Cap Rate6.82
Carport Spaces
Carport Y/NNo
CityTacoma
CoolingNone
CountyPierce
DirectionsOn I-5 S, take exit 133 for I-705 N. Turn left onto Commerce St. Turn right onto S 9th St. Turn right onto M.L.K. Jr Way.
Electric Expense
Fuel Expense
HOANo
HOA Fee$
HeatingRadiant
High School DistrictTacoma
Insurance Expense8096
Leasable Area4920
Listing TermsCash Out, Conventional
Lot Size Square Feet3250
Lot Size UnitsSquare Feet
MLS Area13 – North Tacoma
ModificationTimestamp2025-08-21T23:31:10.677Z
NWM_ShowMapLinkY
Net Operating Income66466
New ConstructionNo
Number Of Units Total7
Open Parking Spaces0
PossessionClosing
Property Style55 – 5-9 Units
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksThe Kelley Arms Apartments is a 7-unit multifamily property located in the heart of Downtown Tacomas 6th Ave Business District. The asset combines vintage character with thoughtful updates, offering a
RoofFlat
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeMulti Family
Subdivision NameNorth Tacoma
Tax Annual Amount10768
Tax Year2025
Units Below Gradefalse
Units In Building Total7
Water Sewer Garbage13008
Year Built1931
Exterior for 801 Martin Luther King Jr. Way
Building Area Total4920
Covered Spaces
Exterior AmenitiesBrick
Irrigation Water Rights Y/NNo
Lot Size Acres0.0746
Parking Uncovered Spaces0
Total Parking0
Waterfront Y/NNo
Additional Details
Price History
Josh QA1
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