708 Martin Luther King Jr Way, Tacoma, WA 98405
- $665,000
- 2,646
- SqFt
Listing courtesy of Windermere Prof Partners. Selling Office: Michael J Real Estate LLC.
- Sold Price
- $665,000
- List Price
- $635,000
- Status
- SOLD
- MLS#
- 2371816
- Closing Date
- Aug 06, 2025
- Days on Market
- 3
- Style
- 54 - 4-Plex
- Building Condition
- Updated/Remodeled
- Finished SqFt
- 2,646
- Area Total SqFt
- 2646
- Annual Tax Ammount
- 3840
- Internet Provider
- Light Curve
- Lot Size (sq ft)
- 6,500
- Sewer
- Sewer Connected
Property Description
Welcome to this fully furnished 4 Plex! This has been a successful Investment Property housing Visiting Nurses. Tacoma Light Rail runs right in front of the home, and there are many restaurants, parks, shopping & amazing bars close by. The main floor offers the largest unit, 1 Bedroom & 1 bath. The second floor has a studio w/kitchenette & full bath, plus a 1 bedroom/1 bath. The attic on the 3rd floor is a Studio. All units have Ductless Mini Splits for heating & cooling, the main floor unit has a gas fireplace. There is a 2 car garage that is shared by the 2 1 bedroom units, plus a large shop that can be used for storage. Shared laundry in the basement. Covered front porch, back patio w/lush landscaping. Just blocks from the Hospitals!
/u.realgeeks.media/homes77/logo-full.png){kind=logo}
Additional Information
- List Date
- 2025-08-03 00:00:00
- Community
- New Tacoma
- Net Operating Income
- $53,538
- Gross Adjusted Income
- $62,301
- Gross Scheduled Income
- $65,580
- Total Monthly Income
- $5,465
- Insurance Expenses
- $1,090
- Water/Sewer/Garbage Expenses
- $2,208
- Gross Rent Multiplier
- 9.68
- Total Expenses
- $8,763
- Cap Rate
- 8.4
- Vacancy Rate
- 5
- Total Number of Units
- 4
- Unit Name
- 708
- Potential Terms
- Cash Out, Conventional, FHA, VA Loan
- Year Built
- 1900
- Roof
- Composition
- Site Features
- Cabana/Gazebo, Fenced-Fully, Gas Available, Green House, High Speed Internet, Outbuildings, Patio, Shop
- Electric Expenses
- 1200
- Energy Source
- Electric, Natural Gas
- School District
- Tacoma
- Total Monthly Income
- $5,465
- Gross Scheduled Income
- $65,580
- Vacancy Rate
- 5
- Gross Adjusted Income
- $62,301
- Tax Year
- 2025
- Insurance Expense
- $1,090
- W/S/G Expenses
- $2,208
- Total Expenses
- $8,763
- Net Operating Income
- $53,538
- Gross Rent Multiplier
- 9.68
- Cap Rate
- 8.4
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.