Sold

Listed by: Windermere Prof Partners • Amy Lowry

Bought with: Michael J Real Estate LLC

$665,000

708 Martin Luther King Jr Way, Tacoma, WA 98405

--beds

--baths

2,646sqft

Multi Family

Built in 1900

-- sqft lot

$654,800 Zestimate^®

$251/sqft

$1,771 Estimated rent

Home value

$654,800

$609,000 - $701,000

$1,771/mo

Zestimate^® history

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$1,771/mo

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$1,771/mo

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$4,058/mo

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$4,058/mo

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What's special

Welcome to this fully furnished 4 Plex! This has been a successful Investment Property housing Visiting Nurses. Tacoma Light Rail runs right in front of the home, and there are many restaurants, parks, shopping & amazing bars close by. The main floor offers the largest unit, 1 Bedroom & 1 bath. The second floor has a studio w/kitchenette & full bath, plus a 1 bedroom/1 bath. The attic on the 3rd floor is a Studio. All units have Ductless Mini Splits for heating & cooling, the main floor unit has a gas fireplace. There is a 2 car garage that is shared by the 2 1 bedroom units, plus a large shop that can be used for storage. Shared laundry in the basement. Covered front porch, back patio w/lush landscaping. Just blocks from the Hospitals!

Facts & features

Interior

Heating

Ductless, Stove/Free Standing, Electric, Natural Gas

Cooling

Ductless

Features

Flooring: Ceramic Tile, Hardwood, Laminate, Vinyl
Windows: Thermal Windows
Has fireplace: No

Interior area

Total structure area: 2,646
Total interior livable area: 2,646 sqft

Property

Parking

Total spaces: 2
Covered spaces: 2

Lot

Size: 6,499 Square Feet
Features: Curbs, Paved, Sidewalk, Cabana/Gazebo, Fenced-Fully, Gas Available, Green House, High Speed Internet, Outbuildings, Patio, Shop

Details

Parcel number: 2007220110
Zoning description: Jurisdiction: City
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Cement/Concrete, Wood Siding
Foundation: Poured Concrete
Roof: Composition

Condition

Updated/Remodeled
Year built: 1900
Major remodel year: 1946

Utilities & green energy

Electric: Company: TPU
Sewer: Sewer Connected, Company: TPU
Water: Company: TPU
Utilities for property: Light Curve

Green energy

Energy efficient items: Thermal Windows

Community & HOA

Community

Subdivision: New Tacoma

Location

Region: Tacoma

Financial & listing details

Price per square foot: $251/sqft
Tax assessed value: $352,400
Annual tax amount: $3,840
Date on market: 9/3/2025
Cumulative days on market: 206 days
Listing terms: Conventional,FHA,VA Loan

Price history

Date	Event	Price
10/28/2025	Listing removed	$1,150
Source: Zillow Rentals Report a problem
10/13/2025	Listed for rent	$1,150-14.8%
Source: Zillow Rentals Report a problem
9/1/2025	Listing removed	$1,350$1/sqft
Source: Zillow Rentals Report a problem
8/11/2025	Listed for rent	$1,350$1/sqft
Source: Zillow Rentals Report a problem
8/6/2025	Sold	$665,000+4.7%$251/sqft
Source: NWMLS as distributed by MLS GRID #2371816 Report a problem
5/11/2025	Pending sale	$635,000$240/sqft
Source: NWMLS as distributed by MLS GRID #2371816 Report a problem
5/7/2025	Listed for sale	$635,000+684%$240/sqft
Source: NWMLS as distributed by MLS GRID #2371816 Report a problem
7/19/2013	Sold	$81,000-26.4%$31/sqft
Source: NWMLS as distributed by MLS GRID #497227 Report a problem
6/25/2013	Pending sale	$110,000$42/sqft
Source: John L Scott Real Estate #497227 Report a problem
6/7/2013	Listed for sale	$110,000$42/sqft
Source: John L Scott Real Estate #497227 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$3,840 +3.7%	$352,400 +6%
2023	$3,703 -1.4%	$332,300 -8%
2022	$3,754 +13.2%	$361,200 +25.1%
2021	$3,316 +50%	$288,800 +37.5%
2019	$2,210 +3%	$210,100 +23.8%
2018	$2,146 +18%	$169,700 +25.1%
2017	$1,820 +26.2%	$135,600 +30.3%
2016	$1,441	$104,100 +25.9%
2014	$1,441 -46.3%	$82,700 -49%
2013	$2,684	$162,000 +6%
2012	--	$152,900 -13.7%
2011	--	$177,100 -16.7%
2010	--	$212,600 -12.6%
2009	--	$243,200 -5.9%
2008	$3,131	$258,400 -3.4%
2007	$3,131 +64.1%	$267,600 +140.2%
2002	$1,908 +13.6%	$111,400
2001	$1,679	$111,400 +16.4%
2000	$1,679	$95,700