705 Martin Luther King Junior Way
705 Martin Luther King Junior Way
Tacoma, WA 98405
$805,000
Price
7
Beds
3
Baths
2,358 Sq. Ft.
$341 / Sq. Ft.
2,358
Sq. Ft.
$341
per Sq. Ft.
Listing provided courtesy of Keller Williams Seattle Metro
Description
DON'T MISS THIS Investor opportunity! Two story triplex 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.DON'T MISS THIS Investor opportunity! Two story triplex 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.
- Listed by Brett I Hales • Keller Williams Seattle Metro
Property Details for 705 Martin Luther King Junior Way
Community Name
Tacoma
School DistrictTacoma
Number of Assigned Spaces2
Total Covered Parking0
Entry Date05-02-2024
Energy SourceElectric
SewerSewer Connected
Location
Listing Courtesy of Keller Williams Seattle Metro![]()
Add your commute
LISTING UPDATED: 05/20/2024 01:38 PM
Property Details for 705 Martin Luther King Junior Way
| Status | Active |
|---|---|
| MLS # | 2231001 |
| Days on Market | 41 |
| Cumulative Days on Market | 126 |
| Taxes | $4,665 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1905 |
| Lot Size | 0.03 AC / 1,302 SF |
| County | Pierce County |
Location
Listing Courtesy of Keller Williams Seattle Metro![]()
Add your commute
Building Information for 705 Martin Luther King Junior Way
Stories2Residences3Year Built1905Building Size-Lot Size0.03 AC / 1,302 SF
Payment Calculator
$4,782 per month
30 year fixed, 7.25% Interest
Principal and Interest
$4,393
Property Taxes
$389
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 705 Martin Luther King Junior Way
Summary
Location and General Information
- Style: 53 - Tri-plex
- Area: 29 - Central Tacoma
- Block: Bakers Addition
- 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.
- Leased Items: None
- Property Sub Type: MULT
- View: No
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2023
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 0.0
- Open Parking: No
Interior and Exterior Features
Bathroom Information
- Full Baths Upper: 0
- Three Quarter Baths Upper: 0
- Half Baths Upper: 0
- Main Level Bathrooms: 0
Bedroom Information
- Bedrooms Upper: 0
- Bedrooms Possible: 0
Interior Features
- Fireplaces Total: 0
- Floor Covering: Vinyl, Carpet
- Features: Wall to Wall Carpet
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Baseboard
- FIRPTA: No
Exterior Features
- Exterior: Metal/Vinyl
- Roof: Composition
Property
Utilities
- Water/Sewer/Garbage: 4558
- Power Company: Tacoma Public Utilities
- Sewer Company: Tacoma Solid Waste
- Water Company: Tacoma Public Utilities
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Poured Concrete
- Zoning Class: Multi-Family
- First Right Of Refusal: false
- Possible Use: Multi-Family
- MLS Square Footage Source: Realist
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 9
Lot Information
- Lot Details: Curbs, Paved, Sidewalk
- Lot Number: 2
- Lot Size Source: Realist
- Parcel Number Free Text: 2007210023
- Calculated Square Footage: 2358
- Structure Type: Triplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 2358.0
- 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: 5
- Number Of Units Total: 3
- Units Below Grade: false
- Units In Building Total: 3
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 12578
- Gross Adjusted Income: 57798
- Gross Rent Multiplier: 13.13
- Gross Scheduled Income: $60,840
- Insurance Expense: $1,105
- Net Operating Income: $45,220
- Other Expenses: $2,250
- Total Monthly Income: 5070
- Fuel Expense: $0
Unit 1
- Name Unit 1: A
- Washer/Dryer Unit 1: true
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: false
- Square Feet Unit 1: 819
- Rent Unit 1: $1,850.00
- Bedrooms Unit 1: 3
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: B
- Washer/Dryer Unit 2: true
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: false
- Square Feet Unit 2: 780
- Rent Unit 2: $1,500.00
- Bedrooms Unit 2: 2
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: C
- Washer/Dryer Unit 3: true
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: false
- Square Feet Unit 3: 780
- Rent Unit 3: $1,720.00
- Bedrooms Unit 3: 2
- Bathrooms Unit 3: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 2358.0
- Leasable Area Units: Square Feet
Property History for 705 Martin Luther King Junior Way
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 705 Martin Luther King Junior Way
Taxable ValueLand$181,500Additions$280,500Total$462,000
Tax Record2024$5,143 ($429 / month)
Home Facts
Total Finished SqFt2,358 SqFtAbove Ground SqFt1,574 SqFtFinished Basement SqFt784 SqFtStories2Lot Size1,302 SqFtStyleTriplexYear Built1905Year Renovated2006ZoningNCXCountyPIERCEAPN2007210023
Schools near 705 Martin Luther King Junior Way
This home is within Tacoma School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | PK to 12 |
Rating | School | Distance |
|---|---|---|
Mccarver PublicPK to 5 | ||
Jason Lee Public6 to 8 | ||
Stadium Public9 to 12 | ||
Special Services PublicPK 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 Keller Williams Seattle Metro
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.