For Sale87d on market
1405 Martin Luther King Jr Way
Tacoma, WA, 98405 • New Tacoma • Pierce County
$1,400,000
$246/sqft
-$50,000 since Feb 11, 2026
10Beds
10Baths
5,680Sqft
0.15 acLot
1968Built
Property DNA
10+ Units Style
Built 1968 · 58 years of history
Hilltop
New Tacoma
This home is getting attention
Listed 87 days ago · 230 views · 10 saves
Market activity
Demand and pricing signals for this listing
230 views
People checking out this listing
10 saves
Buyers have saved this home
87 days on market
Established listing
$246/sqft
Price per square foot
About this home
Multi Family · Built 1968
Are you looking for your next multi family investment? Maybe 1031 exchange? Look no further! This 10 unit apartment complex in Hilltop is an incredible opportunity and perfect for your portfolio! Very conforming 2 story complex with 5 units down, 5 units up, a laundry room, and storage room! Each unit is a 1 bed 1 bath and all separately metered! Various updates have been done throughout the interiors and exterior of the property! This is a prime location conveniently located on the Tacoma Link Light Rail, nearby UW Tacoma, Stadium District, Hospitals, restaurants, shops, entertainment, and more! Fully gated property for security and a dog run out back! This has everything you need for your next investment! Hurry before it's gone!
Standout features identified
Our analysis highlights dog run out back, storage room, and laundry room as key attractions of this home.
Estimated monthly payment
Based on current rates
$8,718/month
Principal & Interest$6,851
Property Tax$1,400
Insurance$467
Down payment20% ($280,000)
3%50%
Est. 6.19% rate · 30yr fixed · $1,120,000 loan
Full calculator →At a glance
Key facts and listing details
TypeMulti Family
Year Built1968
HeatingBaseboard, Electric
CoolingNone
Parking6 Open Parking spaces
Days on Zillow87 Days
Price/sqft$246
Property
Home typeMulti Family
Sub-typeMulti Family
Style10+ Units
Year built1968
Systems
HeatingBaseboard, Electric
CoolingNone
RoofComposition
ConstructionWood Products
Water / SewerPublic, Company: TPU / Sewer Connected, Company: TPU
Parking & Outdoor
ParkingOpen
Lot6,499 sqft
Location & Tax
NeighborhoodNew Tacoma
Annual tax$13,669
Parcel2014210020
Features & details
6 categories of property features
Interior Features
Flooring
Vinyl
Vinyl Plank
Heating
Baseboard
Electric
Cooling
None
Exterior Features
Parking
Open
Construction
Wood Products
Lot Features
Curbs
Paved
Sidewalk
Fenced-Partially
Gated Entry
Listing insights
Market data and value estimates
StatusFor Sale
Days on market87
Est. rent$1,920/mo
Tax rate0.88%
Price/sqft$246
On marketOct 5, 2025
PostedJan 10, 2026
Last sold$1,300,000
MLS statusActive
MLS updatedFeb 10, 2026
Tour days9
Views230
Favorites10
How are the schools in Tacoma?
3 schools rated nearby
Location
Tacoma, WA, 98405
Price history
7 events
DateEventPrice$/sqftSource
Feb 11, 2026Price Change$1,400,000$246NWMLS as distributed by MLS GRID
Jan 10, 2026Listed For Sale$1,450,000$255NWMLS as distributed by MLS GRID
May 22, 2023Sold$1,300,000$229NWMLS as distributed by MLS GRID
Jan 27, 2023Pending Sale$1,300,000$229NWMLS as distributed by MLS GRID
Jan 20, 2023Listed For Sale$1,300,000$229NWMLS as distributed by MLS GRID
Jun 13, 2002Sold$195,000$34Public Record
Feb 15, 1996Sold$197,521$35Public Record
Price Change$1,400,000
Feb 11, 2026•$246/sqft•NWMLS as distributed by MLS GRID
Listed For Sale$1,450,000
Jan 10, 2026•$255/sqft•NWMLS as distributed by MLS GRID
Sold$1,300,000
May 22, 2023•$229/sqft•NWMLS as distributed by MLS GRID
Pending Sale$1,300,000
Jan 27, 2023•$229/sqft•NWMLS as distributed by MLS GRID
Listed For Sale$1,300,000
Jan 20, 2023•$229/sqft•NWMLS as distributed by MLS GRID
Sold$195,000
Jun 13, 2002•$34/sqft•Public Record
Sold$197,521
Feb 15, 1996•$35/sqft•Public Record
Tax history
19 years of records
YearTax paidAssessed value
Apr 7, 2024$13,669$1,257,300
Apr 7, 2023$12,789$1,150,400
Apr 7, 2022$11,930$1,150,400
Apr 7, 2021$11,967$1,045,000
Apr 7, 2019$10,283$871,500
Apr 7, 2018$7,423$792,400
Apr 7, 2017$6,310$470,400
Apr 7, 2016$6,005$373,400
Apr 7, 2014$6,005$345,700
Apr 7, 2013$6,379$363,900
Apr 7, 2012—$363,900
Apr 7, 2011—$367,200
Apr 7, 2010—$386,800
Apr 7, 2009—$429,000
Apr 7, 2008$4,929$442,900
Apr 7, 2007$4,929$421,600
Apr 7, 2002$3,442$201,000
Apr 7, 2001$3,021$201,000
Apr 7, 2000$3,021$172,200
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 05:53:26 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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