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    • Listed by: Better Properties UP/Fircrest • Steven Hiatt
    Bought with: eXp Realty
    $325,000

    611 Martin Luther King Jr Way, Tacoma, WA 98405

    --beds
    --baths
    1,976sqft
    Triplex, Multi Family
    Built in 1892
    -- sqft lot
    $318,900 Zestimate®
    $164/sqft
    $1,951 Estimated rent

    Home value

    $318,900

    $297,000 - $341,000

    $1,951/mo

    Zestimate® history
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    What's special

    New roof
    Investor’s Dream in New Tacoma! This three-level triplex is ideally located near UW Tacoma, restaurants, and mass transit, making it a prime opportunity for investors. The area boasts strong rental demand, and this property is ready for your rehabilitative touch to unlock its full potential. Recent updates include a new roof, vents, and skylights. Don’t miss the neighboring duplex, MLS 2300377 —purchase both to add multiple quality units to your portfolio. This is your chance to invest in a growing, desirable location!

    Zillow last checked:

    Listing updated:

    Listed by:

    Steven Hiatt,

    Better Properties UP/Fircrest

    Bought with:

    Holly Bradley, 137360

    eXp Realty

    Source: NWMLS as distributed by MLS GRID,MLS#: 2300375MLS Logo

    Facts & features

    Interior

    Heating
    • Forced Air, Electric
    Cooling
    • None
    Features
    • Has fireplace: No
    Interior area
    • Total structure area: 1,976
    • Total interior livable area: 1,976 sqft

    Property

    Lot
    • Size: 3,510 Square Feet
    • Features: Curbs, Paved, Sidewalk
    Details
    • Parcel number: 2006210060
    • Zoning description: Residential,Jurisdiction: City
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Tri-plex
    • Property subtype: Triplex, Multi Family
    Materials
    • Wood Siding, Wood Products
    • Foundation: Poured Concrete
    • Roof: Composition
    Condition
    • Fixer
    • Year built: 1892
    • Major remodel year: 1962

    Utilities & green energy

    • Electric: Company: TPU
    • Sewer: Sewer Connected, Company: TPU
    • Water: Public, Company: TPU

    Community & HOA

    Community
    • Subdivision: Stadium District
    Location
    • Region: Tacoma

    Financial & listing details

    • Price per square foot: $164/sqft
    • Tax assessed value: $369,600
    • Annual tax amount: $3,886
    • Date on market: 11/24/2024
    • Cumulative days on market: 605 days
    • Listing terms: Conventional,Rehab Loan

    Price history

    DateEventPrice
    7/11/2025Sold$325,000-7.1%$164/sqft
    Source: NWMLS as distributed by MLS GRID #2300375 Report a problem
    6/26/2025Pending sale$350,000$177/sqft
    Source: NWMLS as distributed by MLS GRID #2300375 Report a problem
    6/23/2025Price change$350,000-6.7%$177/sqft
    Source: NWMLS as distributed by MLS GRID #2300375 Report a problem
    4/11/2025Price change$375,000-6.3%$190/sqft
    Source: NWMLS as distributed by MLS GRID #2300375 Report a problem
    2/19/2025Price change$400,000-11.1%$202/sqft
    Source: NWMLS as distributed by MLS GRID #2300375 Report a problem
    10/10/2024Listed for sale$450,000$228/sqft
    Source: NWMLS as distributed by MLS GRID #2300375 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$4,026 +3.6%$369,600 +6%
    2023$3,886 -9.8%$348,800 -15.9%
    2022$4,307 +8.2%$414,600 +19.5%
    2021$3,981 +30%$347,000 +31%
    2019$3,062 +1.9%$264,900 +12.5%
    2018$3,005 +16.6%$235,400 +23.8%
    2017$2,577 +11.5%$190,100 +34.5%
    2016$2,311 $141,300 +6.4%
    2014$2,311 +11.5%$132,800 +6.8%
    2013$2,073 $124,300 +5.3%
    2012-- $118,000 -14.1%
    2011-- $137,400 -14.2%
    2010-- $160,200 -12%
    2009-- $182,100 -7.2%
    2008$2,400 $196,200 -4.3%
    2007$2,400 +61.9%$205,000 +137%
    2002$1,482 +24%$86,500
    2001$1,195 $86,500 +27%
    2000$1,195 $68,100
    Find assessor info on the county website

    Neighborhood: New Tacoma

    Nearby homes

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Travis
    • Middle: Hilltop Heritage Middle
    • High: Stadium

    Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $318,900
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $318,900

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