Tacoma, WA 98405 1405 Martin Luther King Jr Way
$1,600,000
32 more
Presented By: Theory Real Estate and NWMLS
- MLS# 2438830
- 09/27/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 5,680
Home Details
Are you looking for your next multi family investment? Maybe 1031 exchange? Look no further! This 10 unit apartment complex in Hilltop is an incredible opportunity and perfect for your portfolio! Very conforming 2 story complex with 5 units down, 5 units up, a laundry room, and storage room! Each unit is a 1 bed 1 bath and all separately metered! Various updates have been done throughout the interiors and exterior of the property! This is a prime location conveniently located on the Tacoma Link Light Rail, nearby UW Tacoma, Stadium District, Hospitals, restaurants, shops, entertainment, and more! Fully gated property for security and a dog run out back! This has everything you need for your next investment! Hurry before it’s gone!
Presented By: Theory Real Estate and NWMLS
Interior Features for 1405 Martin Luther King Jr Way
Bedrooms
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringVinyl, Vinyl Plank
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces
Total Stories2
General for 1405 Martin Luther King Jr Way
AmenitiesCoin Op Laundry, Storage
Building Area UnitsSquare Feet
Cap Rate6.16
Carport Spaces
Carport Y/NNo
CityTacoma
CoolingNone
CountyPierce
DirectionsGPS friendly
Electric Expense10000
Fuel Expense
HOANo
HOA Fee$
HeatingBaseboard
High School DistrictTacoma
Insurance Expense7860
Leasable Area5680
Listing TermsCash Out, Conventional, FHA, VA Loan
Lot Size Square Feet6500
Lot Size UnitsSquare Feet
MLS Area29 – Central Tacoma
ModificationTimestamp2025-09-27T18:28:10.403Z
NWM_ShowMapLinkY
Net Operating Income98482
New ConstructionNo
Number Of Units Total10
Open Parking Spaces6
PossessionClosing, Subject to Tenant Rights
Property Style56 – 10+ Units
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksAre you looking for your next multi family investment? Maybe 1031 exchange? Look no further! This 10 unit apartment complex in Hilltop is an incredible opportunity and perfect for your portfolio! Ver
RoofComposition
Security FeaturesPartially Fenced, Security Gate
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeMulti Family
Subdivision NameHilltop
Tax Annual Amount13669
Tax Year2025
Units Below Gradefalse
Units In Building Total10
Water CompanyTPU
Water Sewer Garbage5340
Year Built1968
Exterior for 1405 Martin Luther King Jr Way
Building Area Total5680
Covered Spaces
Exterior AmenitiesWood Products
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot FeaturesAlley, Curbs, Paved, Sidewalk
Lot Size Acres0.1492
Parking Uncovered Spaces6
Site FeaturesFenced-Partially, Gated Entry
Total Parking6
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Josh QA1
REALTOR ® SRES ®