Bought with Keasy Property Management
$940,000
$975,000
3.6%For more information regarding the value of a property, please contact us for a free consultation.
801 Martin Luther King Jr. WAY Tacoma, WA 98405
6 Beds
7 Baths
4,920 SqFt
Key Details
Sold Price $940,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,920 sqft
Price per Sqft $191
Subdivision North Tacoma
MLS Listing ID 2391945
Style 55 - 5-9 Units
Bedrooms 6
Year Built 1931
Annual Tax Amount $10,768
Lot Size 3,250 Sqft
Property Sub-Type Multi Family
Property Description
The Kelley Arms Apartments is a 7-unit multifamily property located in the heart of Downtown Tacoma's 6th Ave Business District. The asset combines vintage character with thoughtful updates, offering a boutique investment opportunity in one of Tacoma's most walkable and transit-connected neighborhoods. Originally built in 1931, the property is well-positioned for a new owner to take advantage of immediate rental upside. The unit mix includes six one-bedroom units averaging 770 square feet and one studio unit at 300 square feet. Recent capital improvements include a new roof installed in 2021 and updated windows within the last four years.
Location
State WA
County Pierce
Area 13 - North Tacoma
Exterior
Exterior Feature Brick
View Y/N No
Roof Type Flat
Building
Sewer Sewer Connected
New Construction No
Schools
School District Tacoma
Others
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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"Three Trees" icon indicates a listing provided courtesy of NWMLS.