Listing Provided Courtesy Of:
Commercial Advantage, LLC and NWMLS
1014 1016 Martin Luther King Jr Way Tacoma, WA
$ 1,950,000
Property Attributes
  • ID#1692384
  • TypePending
  • CountyPIERCE
  • CityTacoma
  • AreaCentral Tacoma
  • NeighborhoodTacoma
  • Zip98405
  • Style10+ Units
  • Price$ 1,950,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size6,499 SqFt
Listing Provided Courtesy Of:
Commercial Advantage, LLC and NWMLS
Data Source:
Property Description

Mixed-use building in an area on the upswing. New Tacoma Link light rail stop going in right in front of the building, tracks already laid. 2 retail spaces on street level and 10 1-bedroom, 1-bath apartments on the 2nd floor, with one storage facility. County records show the 'effective year built' as 1985; however, there was a major remodel/update on the property in 2007.

Price History
11/23/2020 Listed $2,200,000
1/5/2021 12% - $1,950,000

General Features

Amenities See Remarks
Buildingareaunits Square Feet
Carport Y/N No
City Tacoma
County Pierce
Directions From I-5 take exit for City Center, Hwy 705, then stay left for the exit to City Center/A Street/S 15th St. Go 1 mile, turn right onto Martin Luter King Jr Way, and go .3 miles. Building on the left
Exterior Features Brick, Wood
Flooring Concrete, Vinyl
High School District Tacoma
Leasable Area 11500
Listing Agent Name Rich Clauson
MLS Area 28 - Central Tacoma
New Construction No
Nwm Zoningclass Multi-Family, Retail
Possession Closing
Possible Use Multi-Family, Retail
Property SubType Multi-Family
Property Type Residential Income
Roof Flat
Senior Community Y/N No
Sewer Sewer Connected
Special Listing Conditions None
Standard Status Pending
Status Pending Feasibility
Street Name Martin Luther King Jr
Structure Type Multi Family
Subdivision Name Tacoma
Tax Year 2020
Terms Cash Out
Total Units 12
Units Below Grade false
Units In Building Total 12
Utilities Sewer Connected, Electricity Available, Natural Gas Connected
Year Built 1911

Interior Features

Electric On Property Y/N No
Fireplace Y/N No
Furnished Y/N Unfurnished
Heating Y/N Yes
Livingareaunits Square Feet
Power Production Type Electric, Natural Gas
Street Suffix Way
Total Stories 2

Exterior Features

Foundation Details Block
Irrigation Water Rights Y/N No
Lot Features Alley, Sidewalk
Lot Size Acres 0.1492
Lot Size Square Feet 6500
Lot Size Units Square Feet
Open Parking Y/N No
View Y/N No
Water Source Public
Waterfront Y/N No


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 98405

AVG $460K
AVG 40
Year Built
AVG 1937
AVG 72
Data Provided by Walkscore ® not using MLS data

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