615 Martin Luther King Jr WAY, Tacoma, WA 98405
615 Martin Luther King Jr WAY, Tacoma, WA 98405,Video Tour
615 Martin Luther King Jr WAY, Tacoma, WA 98405
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Kennedy Onzere

Kennedy Onzere

+1(425) 633-5972
Listed by:Keller Williams Realty • Steve Hiatt
$725,000
Est. payment /mo
8 Beds
6 Baths
2,984 SqFt
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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,984 sqft

Price per Sqft $242

Subdivision Stadium District

MLS Listing ID 2533311

Style 52 - Duplex

Bedrooms 8

Year Built 1892

Annual Tax Amount $4,414

Lot Size 3,510 Sqft

Property Sub-Type Multi Family

Property Description

Located in the heart of Tacoma, this property operates like a tri-plex despite its legal duplex status, maximizing your rental income streams. Three distinct electric meters mean tenants pay their own power bills, reducing the owner's expenses. Strong Return Metric; the 9% approximate cap rate is exceptionally high for a fully renovated turnkey asset. DADU Ready; The freshly cemented backyard is optimized to build a 20'x20' Detached Accessory Dwelling Unit, which could add a fourth rental stream. Parking Assets; A three-car parking area accessed via the alley solves a common tenant pain point in dense urban areas. Turnkey Condition; The total 2026 renovation eliminates immediate capital expenditure (CapEx) needs for plumbing, electrical, or cosmetics. Healthcare Hub; Walking distance to major hospitals and medical buildings ensures a steady pool of high-quality tenants like travel nurses and healthcare professionals. Excellent Transit; Proximity to bus lines and the T Line (Tacoma Link) electric rail makes it highly desirable for commuters without cars.

Location

State WA

County Pierce

Area 20 - North Tacoma

Interior

Flooring Ceramic Tile, Laminate, Carpet

Fireplace false

Exterior

Exterior Feature Wood Products

Amenities Available Fenced-Partially

View Y/N Yes

View Bay, City

Roof Type Composition

Building

Lot Description Alley, Curbs, Paved, Sidewalk

Sewer Sewer Connected

Water Public

New Construction No

Schools

School District Tacoma

Others

Senior Community No

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

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Kennedy Onzere

Kennedy Onzere

+1(425) 633-5972

Agent | License ID: 22011990

Agent License ID: 22011990

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