1014-1016 Martin Luther King Junior Way

1014-1016 Martin Luther King Junior Way

Tacoma, WA 98405

$1,911,000
Last Sold Price
10
Beds
10
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.

Sold 7/9/21

Sold 7/9/21

Listing provided courtesy of Commercial Advantage, LLC, Skyline Properties, Inc.

Description

Mixed-use building in an area on the upswing. New Tacoma Link light rail stop going in right in front of the building, tracks already laid. 2 retail spaces on street level and 10 1-bedroom, 1-bath apartments on the 2nd floor, with one storage facility. County records show the 'effective year built' as 1985; however, there was a major remodel/update on the property in 2007.Mixed-use building in an area on the upswing. New Tacoma Link light rail stop going in right in front of the building, tracks already laid. 2 retail spaces on street level and 10 1-bedroom, 1-bath apartments on the 2nd floor, with one storage facility. County records show the 'effective year built' as 1985; however, there was a major remodel/update on the property in 2007.
  1. Listed by Rich Clauson • Commercial Advantage, LLC

Property Details for 1014-1016 Martin Luther King Junior Way

Community Name
Tacoma
School District
Tacoma
Number of Assigned Spaces
0
Total Covered Parking
0
Entry Date
11-23-2020
Energy Source
Electric,Natural Gas
Sewer
Sewer Connected

Location

Listing Courtesy of Commercial Advantage, LLC

Sold By Skyline Properties, Inc.

Add your commute
LISTING UPDATED: 07/21/2021 10:05 AM

Property Details for 1014-1016 Martin Luther King Junior Way

StatusSold
MLS #1692384
Days on Market156
Cumulative Days on Market1057
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1911
Lot Size0.15 AC / 6,500 SF
CountyPierce County

Location

Listing Courtesy of Commercial Advantage, LLC

Sold By Skyline Properties, Inc.

Add your commute

Building Information for 1014-1016 Martin Luther King Junior Way

Stories2Residences12Year Built1911Building Size-Lot Size0.15 AC / 6,500 SF

Payment Calculator

$10,429 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,429

Property Taxes

—

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1014-1016 Martin Luther King Junior Way

Summary
Location and General Information
  • Style: 56 - 10+ Units
  • Area: 28 - Central Tacoma
  • Directions: From I-5 take exit for City Center, Hwy 705, then stay left for the exit to City Center/A Street/S 15th St. Go 1 mile, turn right onto Martin Luter King Jr Way, and go .3 miles. Building on the left
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2020
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 0.0
  • Open Parking: No
Interior and Exterior Features
Interior Features
  • Furnished: Unfurnished
  • Floor Covering: Concrete, Vinyl
  • Amenities: See Remarks
  • Fireplace: No
  • Heating: Yes
Exterior Features
  • Exterior: Brick, Wood
  • Roof: Flat
Property
Utilities
  • Electric On Property: No
  • Heating and Cooling: Baseboard
  • Water Source: Public
  • Water/Sewer/Garbage: 0
  • Power Production Type: Electric, Natural Gas
  • Utilities: Sewer Connected, Electricity Available, Natural Gas Connected
Property and Assessments
  • New Construction YN: No
  • Foundation: Block
  • Zoning Class: Multi-Family,Retail
  • Possible Use: Multi-Family, Retail
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 27
Lot Information
  • Lot Details: Alley, Sidewalk
  • Lot Size Source: Public Records
  • Parcel Number Free Text: 2010220030
  • Calculated Square Footage: 0
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 0.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 0
  • Number of Stories in Building: 2
  • Vacancy Rate: 0
  • Number Of Units Total: 12
  • Units Below Grade: false
  • Units In Building Total: 12
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 0
  • Gross Adjusted Income: 0
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: $0
  • Insurance Expense: $0
  • Net Operating Income: $0
  • Other Expenses: $0
  • Total Monthly Income: 0
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 1
  • Washer/Dryer Unit 1: false
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: false
  • Square Feet Unit 1: 0
  • Rent Unit 1: $.00
  • Bedrooms Unit 1: 1
  • Fireplaces Unit 1: 0
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: 2
  • Washer/Dryer Unit 2: false
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: false
  • Square Feet Unit 2: 0
  • Rent Unit 2: $.00
  • Bedrooms Unit 2: 1
  • Fireplaces Unit 2: 0
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: 3
  • Washer/Dryer Unit 3: false
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: false
  • Square Feet Unit 3: 0
  • Rent Unit 3: $.00
  • Bedrooms Unit 3: 1
  • Fireplaces Unit 3: 0
  • Bathrooms Unit 3: 1
Unit 4
  • Name Unit 4: 4
  • Washer/Dryer Unit 4: false
  • Range/Oven Unit 4: true
  • Refrigerator Unit 4: true
  • Dishwasher Unit 4: false
  • Square Feet Unit 4: 0
  • Rent Unit 4: $.00
  • Bedrooms Unit 4: 1
  • Fireplaces Unit 4: 0
  • Bathrooms Unit 4: 1
Unit 5
  • Name Unit 5: 5
  • Washer/Dryer Unit 5: false
  • Range/Oven Unit 5: true
  • Refrigerator Unit 5: true
  • Dishwasher Unit 5: false
  • Square Feet Unit 5: 0
  • Rent Unit 5: $.00
  • Bedrooms Unit 5: 1
  • Fireplaces Unit 5: 0
  • Bathrooms Unit 5: 1
Unit 6
  • Name Unit 6: 6
  • Washer/Dryer Unit 6: false
  • Range/Oven Unit 6: true
  • Refrigerator Unit 6: true
  • Dishwasher Unit 6: false
  • Square Feet Unit 6: 0
  • Rent Unit 6: $.00
  • Bedrooms Unit 6: 1
  • Fireplaces Unit 6: 0
  • Bathrooms Unit 6: 1
Unit 7
  • Name Unit 7: 7
  • Washer/Dryer Unit 7: false
  • Range/Oven Unit 7: true
  • Refrigerator Unit 7: true
  • Dishwasher Unit 7: false
  • Square Feet Unit 7: 0
  • Rent Unit 7: $.00
  • Bedrooms Unit 7: 1
  • Fireplaces Unit 7: 0
  • Bathrooms Unit 7: 1
Unit 8
  • Name Unit 8: 8
  • Washer/Dryer Unit 8: false
  • Range/Oven Unit 8: true
  • Refrigerator Unit 8: true
  • Dishwasher Unit 8: false
  • Square Feet Unit 8: 0
  • Rent Unit 8: $.00
  • Bedrooms Unit 8: 1
  • Fireplaces Unit 8: 0
  • Bathrooms Unit 8: 1
Unit 9
  • Name Unit 9: 9
  • Washer/Dryer Unit 9: false
  • Range/Oven Unit 9: true
  • Refrigerator Unit 9: true
  • Dishwasher Unit 9: false
  • Square Feet Unit 9: 0
  • Rent Unit 9: $.00
  • Bedrooms Unit 9: 1
  • Fireplaces Unit 9: 0
  • Bathrooms Unit 9: 1
Unit 10
  • Name Unit 10: 10
  • Washer/Dryer Unit 10: false
  • Range/Oven Unit 10: true
  • Refrigerator Unit 10: true
  • Dishwasher Unit 10: false
  • Square Feet Unit 10: 0
  • Rent Unit 10: $.00
  • Bedrooms Unit 10: 1
  • Fireplaces Unit 10: 0
  • Bathrooms Unit 10: 1
Unit 11
  • Name Unit 11: 11
  • Washer/Dryer Unit 11: false
  • Range/Oven Unit 11: false
  • Refrigerator Unit 11: false
  • Dishwasher Unit 11: false
  • Square Feet Unit 11: 0
  • Rent Unit 11: $.00
  • Bedrooms Unit 11: 0
  • Fireplaces Unit 11: 0
  • Bathrooms Unit 11: 0
Unit 12
  • Name Unit 12: 12
  • Washer/Dryer Unit 12: false
  • Range/Oven Unit 12: false
  • Refrigerator Unit 12: false
  • Dishwasher Unit 12: false
  • Square Feet Unit 12: 0
  • Rent Unit 12: $.00
  • Bedrooms Unit 12: 0
  • Fireplaces Unit 12: 0
  • Bathrooms Unit 12: 0
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 11500.0
  • Leasable Area Units: Square Feet

Property History for 1014-1016 Martin Luther King Junior Way

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1014-1016 Martin Luther King Junior Way

This home is within Tacoma School District.
Rating
School
Type
Grades
Distance
Bryant
Public - PK to 8
Jason Lee
Public - 6 to 8
Stadium
Public - 9 to 12
Tacoma Business Academy
Public - 9 to 12
Rating
School
Distance
Bryant
PublicPK to 8

Jason Lee
Public6 to 8

Stadium
Public9 to 12

Tacoma Business Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Commercial Advantage, LLC

Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.