INCREDIBLE PRICE! Income generating Triplex! With a cap rate of 7.6% you'll enjoy the great cash flow generated by these 3 units. Unit A consists of 3 BD, 1 BA, and Unit B&C each consist of 2 BD, 1 BA. All units are complete with kitchen and laundry. Convenient, central Tacoma location close to 6th Ave Light Rail Station, hospitals, shopping, schools, dining and recreation. Being sold AS-IS. Don't miss this opportunity to secure a solid income generating asset!
Sold
Listed by: eXp Realty • Donna Huber
Bought with: Theory Real Estate
$660,000
705 Martin Luther King Jr. Way, Tacoma, WA 98405
7beds
3baths
2,358sqft
Multi Family
Built in 1905
-- sqft lot
$663,700 Zestimate®
$280/sqft
$1,651 Estimated rent
Home value
$663,700
$617,000 - $710,000
$1,651/mo
Zestimate® history
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$4,008/mo
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Zillow last checked:
Listing updated:
Listed by:
Donna Huber,
eXp Realty
Bought with:
Ronald Dudley, 128719
Theory Real Estate
Source: NWMLS as distributed by MLS GRID,MLS#: 2288487
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 3
Heating
- Baseboard, Electric
Cooling
- None
Features
- Flooring: Vinyl, Carpet
- Has fireplace: No
Interior area
- Total structure area: 2,358
- Total interior livable area: 2,358 sqft
Property
Parking
- Total spaces: 2
Features
- Patio & porch: Wall to Wall Carpet
Lot
- Size: 1,302 Square Feet
- Features: Curbs, Paved, Sidewalk
Details
- Parcel number: 2007210023
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Metal/Vinyl
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Year built: 1905
- Major remodel year: 2005
Utilities & green energy
- Electric: Company: Tacoma Public Utilities
- Sewer: Available, Company: Tacoma Solid Waste
- Water: Public, Company: Tacoma Public Utilities
Community & HOA
Community
- Subdivision: Tacoma
Location
- Region: Tacoma
Financial & listing details
- Price per square foot: $280/sqft
- Tax assessed value: $490,100
- Annual tax amount: $5,143
- Date on market: 11/26/2024
- Cumulative days on market: 486 days
- Listing terms: Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 8/7/2025 | Listing removed | $1,950$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/30/2025 | Listed for rent | $1,950+22.3%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/6/2024 | Sold | $660,000-2.8%$280/sqft |
Source:  NWMLS as distributed by MLS GRID #2288487 Report a problem | ||
| 10/23/2024 | Pending sale | $679,000$288/sqft |
Source: NWMLS as distributed by MLS GRID #2288487 Report a problem | ||
| 10/9/2024 | Price change | $679,000-2.9%$288/sqft |
Source: NWMLS as distributed by MLS GRID #2288487 Report a problem | ||
| 9/12/2024 | Listed for sale | $699,000+599%$296/sqft |
Source: NWMLS as distributed by MLS GRID #2288487 Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 4/17/2019 | Listing removed | $1,595$1/sqft |
Source: Owner Report a problem | ||
| 1/27/2019 | Listed for rent | $1,595$1/sqft |
Source: Owner Report a problem | ||
| 4/15/2010 | Sold | $100,000-42.8%$42/sqft |
Source: NWMLS as distributed by MLS GRID #36765 Report a problem | ||
| 4/8/2010 | Listed for sale | $174,900-43.9%$74/sqft |
Source: Parkside Realty #36765 Report a problem | ||
| 7/6/2009 | Sold | $311,992-6.9%$132/sqft |
Source: Public Record Report a problem | ||
| 4/30/2006 | Sold | $335,000+157.7%$142/sqft |
Source: NWMLS as distributed by MLS GRID #25171190 Report a problem | ||
| 5/2/2005 | Sold | $130,000$55/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,335 +3.7% | $490,100 +6.1% |
| 2023 | $5,143 +10.2% | $462,000 +2.8% |
| 2022 | $4,665 +4.4% | $449,200 +15.3% |
| 2021 | $4,468 +25.6% | $389,500 +26.4% |
| 2019 | $3,557 -2.4% | $308,200 +12.6% |
| 2018 | $3,644 +40.5% | $273,600 +18.6% |
| 2017 | $2,594 | $230,600 +43.8% |
| 2016 | $2,594 | $160,400 +7.6% |
| 2014 | $2,594 +125.7% | $149,100 +7.7% |
| 2013 | $1,149 | $138,400 +5.7% |
| 2012 | -- | $130,900 -12.8% |
| 2011 | -- | $150,200 -12.6% |
| 2010 | -- | $171,900 |
Find assessor info on the county website
Neighborhood: New Tacoma
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Nearby schools
GreatSchools rating
- 3/10Edna Travis ElementaryGrades: PK-5Distance: 1 mi
- 3/10Hilltop Heritage Middle SchoolGrades: 6-8Distance: 0.6 mi
- 7/10Stadium High SchoolGrades: 9-12Distance: 0.7 mi
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
$663,700
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
$663,700
- Washington
- Pierce County
- Tacoma
- 98405
- New Tacoma
- 705 Martin Luther King Jr. Way
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