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$805,000   Price Analysis
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705 Martin Luther King Jr Way
Tacoma, WA 98405
Unknown bed None bath 2,358 SqFt ($341/SqFt)
1,302SqFt lot. Built 1905
Listed 2024-05-03, Taxes $4,665
Ⓧ USDA Ineligible
due to price & location

near Tacoma

DON'T MISS THIS Investor opportunity!

Two story trplex consisting of one (1) three bed, one bath unit that is 819 SqFt and two (2) two bed, one bath units measuring 780 SqFt each.

Washer and dryer in each unit. Central location nearby the 6th Ave Light Rail Station, hospitals, shopping, businesses, schools and dining.


Presented by Brett Hales at
Keller Williams Seattle Metro.


Property MLS #2231001 from NWMLS

Wall to Wall Carpet
Flooring: Vinyl, Wall to Wall Carpet

Heating Features: Baseboard
Heating Fuel: Electric
Heating: Yes

Metal/Vinyl

Lot Description: Curbs, Paved Street, Sidewalk
Lot Size Acres: 0.0298898
Lot Size Square Feet: 1302

Parking Total: 2

Gross Scheduled Income: 60840
Leasable Area: 2358
Leasable Area Units: Square Feet

Number of Units: 3
Bedrooms in Unit-1: 3
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Unit-1 Description: A
Unit-2 Description: B
Unit-3 Description: C
Unit-1 Square Feet: 819
Unit-2 Square Feet: 780
Unit-3 Square Feet: 780
Unit 1 Total Actual Rent: 1850
Unit 2 Total Actual Rent: 1500
Unit 3 Total Actual Rent: 1720

High School District: Tacoma

Jason Lee is a public middle school located approximately 0.6 miles away.
directions icon Map directions

Stadium is a public high school located approximately 0.7 miles away.
directions icon Map directions

Mccarver is a public elementary school located approximately 1 miles away.
directions icon Map directions

Northwest School of Innovative is a private elementary, middle and high school located approximately 0.4 miles away.
directions icon Map directions

Calculated Total Monthly Association Fees: 0

Annual Tax Amount: 4665
Source Listing Status: Active
Country Region: US
County: Pierce
Cap Rate: 5.65
Directions: I-5 South, exit 1A toward S Sprague Ave, right on S 9th St., left on MLK Jr. Way. Property on right hand side.
Tax Year: 2023
Other Expense: 2250
Source Property Type: Multi-Family
Possible Use: Multi-Family
Insurance Expense: 1105
Area: 29 - Central Tacoma
List Development Name: Tacoma
Source Neighborhood: Tacoma
Parcel Number: 2007210023
Subdivision: Tacoma
Zoning: MultiFamily
Lot Number: 2
Source System Name: C2C
Buyer Agent Commission: 2

YearAssessments
Building + Land
Total
Tax
2023$299,500 + $149,700
$449,200
$4,665
2022$283,800 + $105,700
$389,500
$4,467
2021$248,700 + $77,500
$326,200
$4,101
2020$246,600 + $61,600
$308,200
$4,180
2019$219,600 + $54,000
$273,600
$3,556
2018$194,100 + $36,500
$230,600
$3,643
2017$164,200 + $30,100
$194,300
$3,131
2016$134,800 + $25,600
$160,400
$2,707
2015$122,800 + $26,300
$149,100
$2,593
2014$112,100 + $26,300
$138,400
$2,383
2013$104,600 + $26,300
$130,900
$2,298
2012$116,400 + $33,800
$150,200
$2,376
2011$131,000 + $40,900
$171,900
$2,491
2010$152,400 + $52,300
$204,700
$2,426
2008$161,100 + $55,300
$216,400
$2,697
2007$175,200 + $55,300
$230,500
$2,180

Price Changed 2024-05-04
$805,000
NWMLS
Listed 2024-05-03
$799,000
NWMLS
Listing removed 2024-04-16
$0
NWMLS
Price Changed 2024-03-07
$805,000
NWMLS
Listed 2024-01-23
$825,000
NWMLS
Listing removed 2023-04-22
$0
NWMLS
Relisted 2022-12-22
$799,900
NWMLS
Listing removed 2022-12-16
$0
NWMLS
Listed 2022-08-18
$799,900
NWMLS
Listing removed 2022-07-11
$0
NWMLS
Listed 2022-02-09
$799,000
NWMLS
Listing removed 2009-10-22
$199,900
NWMLS
Price Changed 2009-10-18
$199,900
NWMLS
Listed 2009-08-18
$224,900
NWMLS
Sold 2006-04-24
$335,000
Public Record
Sold 1992-05-05
$105,000
Public Record
Sold 1982-04-15
$66,500
Public Record
Sold 1981-02-12
$69,000
Public Record

Net Operating Income: 45220
Operating Expense: 12578

Power Production Type: Electric
Sewer: Sewer Connected

Building Area Total: 2358
Building Area Units: Square Feet
Building Name: 721
Foundation Details: Poured Concrete
Living Area Units: Square Feet
Property Age: 119
Roof: Composition
Building Total Stories: 2
Structure Type: Triplex
House Style: Triplex
Elevation Units: Feet
Click Thumbnail Images To View Full Size
house_viewhouse_viewhouse_viewunknownkitchen
laundry_roomliving_roombedroombathroom

The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.