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1405 Martin Luther King Jr Way
Tacoma, WA 98405 Stadium District

$1,450,000 USD

Apartments For Sale • 5,680 SF

Property Details

Property Type Apartments
Total Building Size 5,680 SF
Lot Size 0.15 AC
Building Class C
Year Built 1968
Cap Rate 6.79 %
Zoning NCX

0 Transit Score

88 Walk Score

Property Flyers

OM - 1405 MLK Jr Way, Tacoma

Financial Summary (Actual)

Net Operating Income: $98,482 USD (2025)

Cap Rate:	6.79 %
Total Expenses:	$44,078 USD

Amenities

Laundry Facilities
Heating
Pet Play Area
Kitchen
Refrigerator
Range
Tub/Shower
Dining Room
Linen Closet
Public Transportation
Private Bathroom
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
Tacoma Dome Station (Sounder South Line - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder), Tacoma Link - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder))	6 min	-	1.8 mi
	11 min	-	4.8 mi
Transit/Subway	Drive	Walk	Distance
Convention Center/South 15th (Tacoma Link - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder))	2 min	13 min	0.7 mi
Union Station/South 19th (Tacoma Link - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder))	4 min	19 min	1.0 mi
Theater District/South 9th (Tacoma Link - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder))	3 min	19 min	1.0 mi
Airport	Drive	Walk	Distance
Seattle-Tacoma International	38 min	-	23.1 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	6
Type:	Surface
Included in Rent:	Yes

Ronald Dudley 253-640-6688 Theory Real Estate

1405 Martin Luther King Jr Way Tacoma, WA 98405 Stadium District