705 Martin Luther King Jr. Way
Tacoma, WA 98405
- – beds
- – baths
- 2,358 sqft
- 1,302 sqft lot
- $279 per sqft
- 2005 build
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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!
Last checked:
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Last updated Dec 7, 2024
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MLS# 2288487 —
The Building
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Year Built:1905
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Year Built:2005
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Year Built Source:Public Records
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New Construction:false
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Structure Type:Triplex
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Exterior Features:Metal/Vinyl
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Roof:Composition
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Units In Building Total:3
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Foundation Details:Poured Concrete
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# of Units Total:3
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Stories Total:2
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Building Area Total:2358
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Building Area Units:Square Feet
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Calculated SqFt:2358
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SqFt Source:Realist
Interior
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Interior Features:Wall to Wall Carpet
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Flooring:Vinyl, Carpet
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Fireplace:false
Financial & Terms
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Possession:Closing, Tenant's Rights
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Buyer Financing:Other
Location
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Latitude:47.255878
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Longitude:-122.452345
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Directions:GPS friendly.
The Property
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Property Type:Residential Income
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Property Subtype:Multi-Family
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Parcel Number:200721-002-3
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Lot Features:Curbs, Paved, Sidewalk
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Lot Size Units:Square Feet
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Lot Size Acres:0.0299
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Lot Size SqFt:1302
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Lot Size Source:Realist
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Zoning Class:Commercial,Multi-Family
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Zoning Jurisdiction:City
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View:false
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Waterfront:false
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Possible Use:Commercial, Multi-Family
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Irrigation Water Rights:false
Listing Agent
- Contact info:
- Agent phone:
- (888) 317-5197
- Office phone:
- (888) 317-5197
Taxes
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Tax Year:2024
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Tax Annual Amount:5143
The Listing
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Special Listing Conditions:None
Heating & Cooling
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Cooling:false
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Heating:true
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Cooling:None
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Heating:Baseboard
Utilities
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Water Company:Tacoma Public Utilities
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Water Source:Public
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Sewer:Available
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Sewer Company:Tacoma Solid Waste
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Power Company:Tacoma Public Utilities
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Water Sewer Garbage:4558
Schools
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Elementary School:Travis
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Middle Or Junior School:Hilltop Heritage Middle
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High School:Stadium
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High School District:Tacoma
The Community
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Subdivision Name:Tacoma
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Senior Community:false
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Association:false
Parking
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Parking Total:2
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Open Parking:false
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Carport:false
Listing courtesy of NWMLS / eXp Realty. Bought with Theory Real Estate.
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
12/6/24
Dec 6, 2024
|
Sold | NWMLS | $660,000 | -2.8% |
|
10/23/24
Oct 23, 2024
|
Pending | NWMLS | $679,000 | |
|
10/9/24
Oct 9, 2024
|
Price Changed | NWMLS | $679,000 | -2.9% |
