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!
Active
Listed by: Theory Real Estate • Ronald Dudley
Price cut: $50K (7/7)
$1,300,000
1405 Martin Luther King Jr Way, Tacoma, WA 98405
10beds
10baths
5,680sqft
:
Get pre-qualified$8,260/mo
Multi Family
Built in 1968
-- sqft lot
$-- Zestimate®
$229/sqft
$-- HOA
What's special
Storage roomLaundry roomDog run out back
- 195 days |
- 120 |
- 6 |
Zillow last checked:
Listing updated:
Listed by:
Ronald Dudley,
Theory Real Estate
Source: NWMLS as distributed by MLS GRID,MLS#: 2467071
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 10
Heating
- Baseboard, Electric
Cooling
- None
Features
- Flooring: Vinyl, Vinyl Plank
- Has fireplace: No
Interior area
- Total structure area: 5,680
- Total interior livable area: 5,680 sqft
Property
Parking
- Total spaces: 6
- Parking features: Open
- Uncovered spaces: 6
Lot
- Size: 6,499 Square Feet
- Features: Curbs, Paved, Sidewalk, Fenced-Partially, Gated Entry
Details
- Parcel number: 2014210020
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: 10+ Units
- Property subtype: Multi Family
Materials
- Wood Products
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Year built: 1968
- Major remodel year: 1993
Utilities & green energy
- Electric: Company: TPU
- Sewer: Sewer Connected, Company: TPU
- Water: Public, Company: TPU
Community & HOA
Community
- Subdivision: Hilltop
Location
- Region: Tacoma
Financial & listing details
- Price per square foot: $229/sqft
- Tax assessed value: $1,257,300
- Annual tax amount: $13,669
- Date on market: 10/11/2025
- Cumulative days on market: 286 days
- Listing terms: Conventional,FHA,VA Loan
Estimated market value
Not available
Estimated sales range
Not available
$1,837/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/7/2026 | Price change | $1,300,000-3.7%$229/sqft |
Source:  NWMLS as distributed by MLS GRID #2467071 Report a problem | ||
| 5/13/2026 | Price change | $1,350,000-3.6%$238/sqft |
Source: NWMLS as distributed by MLS GRID #2467071 Report a problem | ||
| 2/11/2026 | Price change | $1,400,000-3.4%$246/sqft |
Source: NWMLS as distributed by MLS GRID #2467071 Report a problem | ||
| 1/10/2026 | Listed for sale | $1,450,000+11.5%$255/sqft |
Source: NWMLS as distributed by MLS GRID #2467071 Report a problem | ||
| 5/22/2023 | Sold | $1,300,000$229/sqft |
Source: NWMLS as distributed by MLS GRID #2029390 Report a problem | ||
| 1/27/2023 | Pending sale | $1,300,000$229/sqft |
Source: NWMLS as distributed by MLS GRID #2029390 Report a problem | ||
| 1/20/2023 | Listed for sale | $1,300,000+566.7%$229/sqft |
Source: NWMLS as distributed by MLS GRID #2029390 Report a problem | ||
| 6/13/2002 | Sold | $195,000-1.3%$34/sqft |
Source: Public Record Report a problem | ||
| 2/15/1996 | Sold | $197,521$35/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $13,669 +6.9% | $1,257,300 +9.3% |
| 2023 | $12,789 +7.2% | $1,150,400 |
| 2022 | $11,930 -0.3% | $1,150,400 +10.1% |
| 2021 | $11,967 +16.4% | $1,045,000 +19.9% |
| 2019 | $10,283 +38.5% | $871,500 +10% |
| 2018 | $7,423 +17.7% | $792,400 +68.5% |
| 2017 | $6,310 +5.1% | $470,400 +26% |
| 2016 | $6,005 | $373,400 +8% |
| 2014 | $6,005 -5.9% | $345,700 -5% |
| 2013 | $6,379 | $363,900 |
| 2012 | -- | $363,900 -0.9% |
| 2011 | -- | $367,200 -5.1% |
| 2010 | -- | $386,800 -9.8% |
| 2009 | -- | $429,000 -3.1% |
| 2008 | $4,929 +0% | $442,900 +5.1% |
| 2007 | $4,929 +43.2% | $421,600 +109.8% |
| 2002 | $3,442 +13.9% | $201,000 |
| 2001 | $3,021 | $201,000 +16.7% |
| 2000 | $3,021 | $172,200 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: New Tacoma
Nearby schools
GreatSchools rating
- 3/10Edna Travis ElementaryGrades: PK-5Distance: 0.5 mi
- 3/10Hilltop Heritage Middle SchoolGrades: 6-8Distance: 0.9 mi
- 7/10Stadium High SchoolGrades: 9-12Distance: 1.2 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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