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

$1,400,000 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 7.03 %
  • Zoning NCX
0 Transit Score
88 Walk Score

Property Flyers

Financial Summary (Actual)

Net Operating Income: $98,482 USD (2025)
Cap Rate: 7.03 %
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 RailDriveWalkDistance
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)) 4 min - 1.8 mi
South Tacoma Station (Seattle - Tacoma/Lakewood - Sound Transit) 8 min - 4.3 mi
Transit/SubwayDriveWalkDistance
Hilltop District (Tacoma Dome - St Joseph - Sound Transit) 0 min 4 min 0.2 mi
St Joseph (Tacoma Dome - St Joseph - Sound Transit) 0 min 4 min 0.2 mi
6Th Ave (Tacoma Dome - St Joseph - Sound Transit) 1 min 11 min 0.6 mi
Convention Center/South 15Th (Tacoma Link - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder)) 1 min 12 min 0.7 mi
Theater District (Tacoma Dome - St Joseph - Sound Transit) 1 min 14 min 0.8 mi
AirportDriveWalkDistance
Seattle-Tacoma International 36 min - 22.5 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
Ronald Dudley 253-640-6688 Theory Real Estate