Sold486d on marketHistoric · 121 yrs
705 Martin Luther King Jr. Way
Tacoma, WA, 98405 • New Tacoma • Pierce County
$660,000
$280/sqft
7Beds
3Baths
2,358Sqft
0.03 acLot
1905Built
Property DNA
Character Home
Built 1905 · 121 years of history
Tacoma
New Tacoma
Outdoor Living
Wall to Wall Carpet
Market activity
Demand and pricing signals for this listing
8 views
People checking out this listing
486 days on market
Established listing
$280/sqft
Price per square foot
About this home
Multi Family · Built 1905 · Historic
INCREDIBLE PRICE! Income generating Triplex! With a cap rate of 7.6% you'll enjoy the great cash flow generated by these 3 units. Unit A consists of 3 BD, 1 BA, and Unit B&C each consist of 2 BD, 1 BA. All units are complete with kitchen and laundry. Convenient, central Tacoma location close to 6th Ave Light Rail Station, hospitals, shopping, schools, dining and recreation. Being sold AS-IS. Don't miss this opportunity to secure a solid income generating asset!
Estimated monthly payment
Based on current rates
$4,093/month
Principal & Interest$3,213
Property Tax$660
Insurance$220
Down payment20% ($132,000)
3%50%
Est. 6.14% rate · 30yr fixed · $528,000 loan
Full calculator →At a glance
Key facts and listing details
TypeMulti Family
Year Built1905
HeatingBaseboard, Electric
CoolingNone
Parking2 Parking spaces
Property
Home typeMulti Family
Sub-typeMulti Family
Year built1905
Systems
HeatingBaseboard, Electric
CoolingNone
RoofComposition
ConstructionMetal/Vinyl
Water / SewerPublic, Company: Tacoma Public Utilities / Available, Company: Tacoma Solid Waste
Parking & Outdoor
Lot1,302 sqft
Location & Tax
NeighborhoodNew Tacoma
Annual tax$5,143
Parcel2007210023
Features & details
6 categories of property features
Interior Features
Flooring
Vinyl
Carpet
Heating
Baseboard
Electric
Cooling
None
Exterior Features
Construction
Metal/Vinyl
Patio & Porch
Wall to Wall Carpet
Lot Features
Curbs
Paved
Sidewalk
Listing insights
Market data and value estimates
StatusSold
Days on market486
Est. value$661,700
Est. rent$1,853/mo
Tax rate0.88%
Price/sqft$280
On marketNov 26, 2024
PostedSep 12, 2024
Last sold$660,000
MLS statusSold
MLS updatedJan 6, 2025
Tour days6
Views8
How are the schools in Tacoma?
3 schools rated nearby
Location
Tacoma, WA, 98405
Price history
14 events
DateEventPrice$/sqftSource
Aug 7, 2025Listing Removed$1,950$1Zillow Rentals
Jun 30, 2025Listed For Rent$1,950$1Zillow Rentals
Dec 6, 2024Sold$660,000$280NWMLS as distributed by MLS GRID
Oct 23, 2024Pending Sale$679,000$288NWMLS as distributed by MLS GRID
Oct 9, 2024Price Change$679,000$288NWMLS as distributed by MLS GRID
Sep 12, 2024Listed For Sale$699,000$296NWMLS as distributed by MLS GRID
Mar 24, 2021Listing Removed——Owner
Apr 17, 2019Listing Removed$1,595$1Owner
Jan 27, 2019Listed For Rent$1,595$1Owner
Apr 15, 2010Sold$100,000$42NWMLS as distributed by MLS GRID
Apr 8, 2010Listed For Sale$174,900$74Parkside Realty
Jul 6, 2009Sold$311,992$132Public Record
Apr 30, 2006Sold$335,000$142NWMLS as distributed by MLS GRID
May 2, 2005Sold$130,000$55Public Record
Listing Removed$1,950
Aug 7, 2025•$1/sqft•Zillow Rentals
Listed For Rent$1,950
Jun 30, 2025•$1/sqft•Zillow Rentals
Sold$660,000
Dec 6, 2024•$280/sqft•NWMLS as distributed by MLS GRID
Pending Sale$679,000
Oct 23, 2024•$288/sqft•NWMLS as distributed by MLS GRID
Price Change$679,000
Oct 9, 2024•$288/sqft•NWMLS as distributed by MLS GRID
Listed For Sale$699,000
Sep 12, 2024•$296/sqft•NWMLS as distributed by MLS GRID
Listing Removed—
Mar 24, 2021•Owner
Listing Removed$1,595
Apr 17, 2019•$1/sqft•Owner
Listed For Rent$1,595
Jan 27, 2019•$1/sqft•Owner
Sold$100,000
Apr 15, 2010•$42/sqft•NWMLS as distributed by MLS GRID
Listed For Sale$174,900
Apr 8, 2010•$74/sqft•Parkside Realty
Sold$311,992
Jul 6, 2009•$132/sqft•Public Record
Sold$335,000
Apr 30, 2006•$142/sqft•NWMLS as distributed by MLS GRID
Sold$130,000
May 2, 2005•$55/sqft•Public Record
Tax history
13 years of records
YearTax paidAssessed value
Apr 7, 2024$5,335$490,100
Apr 7, 2023$5,143$462,000
Apr 7, 2022$4,665$449,200
Apr 7, 2021$4,468$389,500
Apr 7, 2019$3,557$308,200
Apr 7, 2018$3,644$273,600
Apr 7, 2017$2,594$230,600
Apr 7, 2016$2,594$160,400
Apr 7, 2014$2,594$149,100
Apr 7, 2013$1,149$138,400
Apr 7, 2012—$130,900
Apr 7, 2011—$150,200
Apr 7, 2010—$171,900
Nearby homes
Neighborhood details
Local context around this listing
Tacoma, WA • Pierce County
Nearby neighborhoods
Browns PointCentralDash PointEastside-ENACTNew TacomaNorth EndNortheast TacomaSouth EndSouth TacomaWest End
Nearby cities
Bonney LakeEnumclawGig HarborGrahamLakewoodParklandPuyallupSpanaway
Nearby zip codes
98403984049840598406984079840898409984189842298444
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Based on information submitted to the MLS GRID as of 2026-04-07 10:38:40 PDT. 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. [Click here for more information](/mls-disclaimers/#39)
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