Sold126d on marketHistoric · 95 yrs

801 Martin Luther King Jr. Way

Tacoma, WA, 98405 • New Tacoma • Pierce County

$940,000

$191/sqft

6Beds

7Baths

4,920Sqft

0.07 acLot

1931Built

Property DNA

2 highlights

Character Home

Built 1931 · 95 years of history

North Tacoma

New Tacoma

Market activity

Demand and pricing signals for this listing

10 views

People checking out this listing

126 days on market

Established listing

$191/sqft

Price per square foot

About this home

Multi Family · Built 1931 · Historic

The Kelley Arms Apartments is a 7-unit multifamily property located in the heart of Downtown Tacoma’s 6th Ave Business District. The asset combines vintage character with thoughtful updates, offering a boutique investment opportunity in one of Tacoma’s most walkable and transit-connected neighborhoods. Originally built in 1931, the property is well-positioned for a new owner to take advantage of immediate rental upside. The unit mix includes six one-bedroom units averaging 770 square feet and one studio unit at 300 square feet. Recent capital improvements include a new roof installed in 2021 and updated windows within the last four years.

Standout features identified

Our analysis highlights updated windows, thoughtful updates, and vintage character as key attractions of this home.

Estimated monthly payment

Based on current rates

$5,818/month

Principal & Interest$4,564

Property Tax$940

Insurance$313

Down payment20% ($188,000)

3%50%

Est. 6.12% rate · 30yr fixed · $752,000 loan

Full calculator →

At a glance

Key facts and listing details

TypeMulti Family

Year Built1931

HeatingRadiant, Electric

CoolingNone

ParkingNo Data

Property

Home typeMulti Family

Sub-typeMulti Family

Year built1931

Systems

HeatingRadiant, Electric

CoolingNone

RoofFlat

ConstructionBrick

Water / SewerSewer Connected

Parking & Outdoor

Lot3,249 sqft

Location & Tax

NeighborhoodNew Tacoma

Annual tax$10,768

Parcel2008210010

Features & details

3 categories of property features

Interior Features

Heating

Radiant

Electric

Cooling

None

Exterior Features

Construction

Brick

Listing insights

Market data and value estimates

StatusSold

Days on market126

Est. rent$2,718/mo

Tax rate0.88%

Price/sqft$191

On marketAug 31, 2025

PostedJun 12, 2025

Last sold$940,000

MLS statusSold

MLS updatedJan 1, 2026

Tour days6

How are the schools in Tacoma?

3 schools rated nearby

Edna Travis Elementary

Primary • Public • PK-5

0.9 mi

Hilltop Heritage Middle School

Middle • Public • 6-8

0.6 mi

Stadium High School

High • Public • 9-12

0.8 mi

Location

Tacoma, WA, 98405

Expand map

Price history

6 events

DateEventPrice$/sqftSource

Dec 1, 2025Sold$940,000$191NWMLS as distributed by MLS GRID

Oct 13, 2025Pending Sale$975,000$198NWMLS as distributed by MLS GRID

Aug 21, 2025Price Change$975,000$198NWMLS as distributed by MLS GRID

Jun 12, 2025Listed For Sale$1,095,000$223NWMLS as distributed by MLS GRID

Jul 1, 2019Sold$840,000$171Public Record

Oct 16, 2003Sold$282,852$57Public Record

Sold$940,000

Dec 1, 2025•$191/sqft•NWMLS as distributed by MLS GRID

Pending Sale$975,000

Oct 13, 2025•$198/sqft•NWMLS as distributed by MLS GRID

Price Change$975,000

Aug 21, 2025•$198/sqft•NWMLS as distributed by MLS GRID

Listed For Sale$1,095,000

Jun 12, 2025•$223/sqft•NWMLS as distributed by MLS GRID

Sold$840,000

Jul 1, 2019•$171/sqft•Public Record

Sold$282,852

Oct 16, 2003•$57/sqft•Public Record

Tax history

19 years of records

YearTax paidAssessed value

Apr 7, 2024$11,967$1,100,600

Apr 7, 2023$10,768$968,400

Apr 7, 2022$10,044$968,400

Apr 7, 2021$9,639$841,500

Apr 7, 2019$8,281$701,800

Apr 7, 2018$8,013$638,000

Apr 7, 2017$6,811$507,800

Apr 7, 2016$6,482$403,100

Apr 7, 2014$6,482$373,200

Apr 7, 2013$6,885$392,800

Apr 7, 2012—$392,800

Apr 7, 2011—$399,400

Apr 7, 2010—$425,500

Apr 7, 2009—$482,300

Apr 7, 2008$5,596$501,600

Apr 7, 2007$5,596$478,800

Apr 7, 2002$3,151$184,000

Apr 7, 2001$2,307$184,000

Apr 7, 2000$2,307$131,500

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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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Value estimates

Live

Est. rent$2,718/mo

30yr rate est.6.12%

Affordability$5,666/mo

Accepted financing

Conventional

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Based on information submitted to the MLS GRID as of 2026-04-07 14:23:56 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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