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Listing Firm: Gateway Real Estate: Cory Moffett

Bought With: Theory Real Estate : Ronald Dudley

SOLD On May 22, 2023
NWMLS # 2029390

$1,300,000

  • Sold Price

1405 Martin Luther King JR Way , Tacoma, WA 98408

Listings with the three tree icon are courtesy of NWMLS

About This Property

Prime investor opportunity to own this 10 unit apartment complex in downtown Tacoma. Each unit features 1 bedroom and 1 full bathroom plus common space laundry room for additional income. This ideal location has access in front to the new Tacoma Link Light Rail and is within walking distance to many of Tacoma's unique amenities, UW Tacoma and medical facilities. This complex has been under rented for years and could become a cash cow for the future owner. Perfect for a 1031 tax exchange!

Buyer's Agent: Ronald Dudley • Theory Real Estate

Listed by: Cory Moffett • Gateway Real Estate

Aris360 Last Checked: 3 Minutes Ago (May 13, 2025 06:13 PM)

  • Source: NWMLS as Distributed by MLS Grid #2029390

    Listing provided courtesy of Northwest Multiple Listing Service (NWMLS)

Location

  • Country: US
  • Neighborhood: Martin Luther King JR
  • Zip/Postal Code: 98408
  • City: Tacoma

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$3,847 per month
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Property Features

  • County
    • Tacoma
  • Community
    • 29 - Central Tacoma
  • MLS Area
    • 29 - Central Tacoma
  • Longitude
    • -122.45053
  • Latitude
    • 47.248644
  • Directions
    • From 19th St North on MLK JR Way to property on right

  • Interior
    • Wall to Wall Carpet
  • Floors
    • See Remarks
    • Vinyl
    • Carpet
  • Power Production Type
    • Electric
  • Furnished
    • Unfurnished

  • Stories
    • 2
  • Style
    • 56 - 10+ Units
  • Parking Spaces
    • 4
  • Foundation
    • Poured Concrete,
    • Slab,
  • Elevation
    • Feet
  • Water Source
    • Public,
  • Exterior
    • Wood
  • Roof
    • Composition,
  • Septic or Sewer
    • Sewer Connected,
  • Water
    • City of Tacoma
  • Building Total Area (Sq. Ft.)
    • 6500

  • High School District
    • Tacoma

  • Possession
    • Tenant's Rights,
  • Property Type
    • Residential Income
  • Property SubType
    • Multi-Family
  • Tax Year
    • 2021
  • Structure Type
    • Multi Family,
  • Tax Amount
    • $11921
  • Year Built
    • 1968
  • Effective Year Built
    • 1993
  • Status
    • Sold

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Disclaimer: Based on information submitted to the MLS GRID as of Tue May 13 2025 . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

May 13, 2025 06:13 PM