$385,000
SOLD APR 9, 2025

615 Martin Luther King jr Way Tacoma, WA 98405

Hilltop Neighborhood
4 Beds
2 Baths
2,518 Sq Ft
3,510 Sq Ft Lot

Recently Sold

$153 Per Sq Ft

14% Below List Price

Highlights

  • No HOA
  • Wood Siding
  • 4-minute walk to Neighbors Park
  • Stadium High School Rated A-

About This Home

As of April 2025

Opportunity Knocks! This fully rented duplex, located in a prime area of town, is perfect for investors seeking to expand their portfolio. With strong rental demand and proximity to UW Tacoma, restaurants, and mass transit, this property offers a fantastic opportunity. Bring your vision and creativity to enhance its potential. Don’t miss the chance to purchase the neighboring duplex, MLS #2300375—buy both and add two great units to your portfolio!

Last Agent to Sell the Property

Steve Hiatt

Better Properties UP/Fircrest License #103770 Listed on: 10/09/2024

Better Properties UP/Fircrest

Last Buyer's Agent

Steve Hiatt

Better Properties UP/Fircrest License #103770 Listed on: 10/09/2024

Better Properties UP/Fircrest

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2300377

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,256

Year Built

  • Built in 1892

Lot Details

  • 3,510 Sq Ft Lot

Home Design

  • Duplex
  • Fixer Upper
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 2,518 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Schools

  • Travis Elementary School
  • Hilltop Heritage Middle School
  • Stadium High School

Community Details

  • No Home Owners Association
  • Stadium District Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2006210070

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,256

Year Built

Built in 1892

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 52 - Duplex
  • Year Built: 1892
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2518
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Residential
  • Total Bedrooms: 4
  • Fireplace: No
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Fixer
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Open Parking: No
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating Yn: Yes
  • PowerCompany: TPU
  • SewerCompany: TPU
  • WaterCompany: TPU
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Tacoma
  • High School: Stadium
  • Middle Or Junior School: Hilltop Heritage Middle

Lot Info

  • Parcel Number: 2006210070
  • Lot Size Acres: 0.0806
  • Lot Size Sq Ft: 3510
  • Zoning Description: Residential
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 0

Tax Info

  • Year: 2024
  • Tax Annual Amount: 4256

Multi Family

  • Number Of Units Total: 2
  • Leasable Area: 2104
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

MLS Schools

  • Elementary School: Travis

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 9, 2024
Closed on
Apr 8, 2025
Sold by
Alder Real Estate Llc
Bought by
Azhand Maseeh
Seller's Agent
Steve Hiatt
Better Properties UP/Fircrest
Buyer's Agent
Steve Hiatt
Better Properties UP/Fircrest
List Price
$450,000
Sold Price
$385,000
Premium/Discount to List
-$65,000
-14.44%
Views
147
Current Estimated Value
$486,093

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$101,093
Avg. Annual Appreciation
57.96%

Purchase Details

Closed on
Mar 21, 2012
Sold by
Porietis Peter A
Bought by
Alder Real Estate Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $385,000 Stewart Title
Quit Claim Deed -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/09/2025 04/09/25 Sold $385,000 -9.4% $153 / Sq Ft
04/03/2025 04/03/25 Pending -- -- --
02/19/2025 02/19/25 Price Changed $425,000 -5.6% $169 / Sq Ft
10/09/2024 10/09/24 For Sale $450,000 -- $179 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,256 $400,800 $214,700 $186,100
2024 $4,256 $405,300 $208,400 $196,900
2023 $4,256 $382,100 $197,300 $184,800
2022 $3,919 $408,900 $190,900 $218,000
2021 $3,600 $286,200 $98,800 $187,400
2019 $3,012 $260,900 $78,600 $182,300
2018 $2,961 $231,600 $68,900 $162,700
2017 $2,540 $187,300 $48,500 $138,800
2016 $2,274 $139,000 $34,000 $105,000
2014 $2,043 $130,700 $35,000 $95,700
2013 $2,043 $122,400 $35,000 $87,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2300377

Northwest Multiple Listing Service (NWMLS)

APN: 200621-0070