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1916 Martin Luther King Jr Way, Tacoma, WA, 98405

2beds
1baths
760sqft
$315,000
$414price/sqft
$2,103/moest. monthly cost
$84,120/yrincome needed

About This Home

This well-maintained home in the heart of Central Tacoma offers comfort, convenience, and versatility. Most recent improvements include stainless steel appliances, exterior and interior paint, a newer gas furnace, and a bathfitter tub combo. The spacious mud/utility room is ideal for extra storage. There is ample space for RV or boat parking, as well as alley access parking. Water, hospitals, three bus routes, Light Link rail, I-5, Hwy 16, and lots of services are all nearby! Its efficient layout and inviting living spaces make it ideal for both owner-occupants and investors. This property presents a great opportunity to own a turnkey home in a highly desirable, central location.

Getting Around

77
WalkingVery Walkable
0
TransitVery Limited Transit
62
BikeBikeable

Schools

2/10
Edna Travis ElementaryGrades PK-50.2 mi
3/10
7/10
Stadium High SchoolGrades 9-121.6 mi

Construction

Condition

  • Year built: 1895

Materials

  • Foundation: Poured Concrete
  • Roof: Composition
  • Construction materials: Wood Siding

Notable Dates

  • Major remodel year: 1990

Type & Style

  • Home type: SingleFamily
  • Architectural style: 1 Story
  • Property subType: Single Family Residence

Interior

Bathroom Full

  • Level: Main

Bedroom

  • Level: Main

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bathrooms: 1
  • Main level bedrooms: 2

Heating & Cooling

  • Heating features: Forced Air,Electric,Natural Gas
  • Cooling features: Forced Air

Interior Area

  • Total structure area: 760
  • Total interior livable area: 760 sqft

Master Bedroom

  • Level: Main

Property

Details

  • Parcel number: 2019220040
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1

Lot

  • Lot size: 2,848 sqft
  • Features: Patio

Parking

  • Parking features: None

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeRelatively High
  • Heat Wave
    Heat WaveModerate

How This Home’s Risks Compare

Earthquake
Heat Wave

FEMA Declared Disasters in Pierce County and Washington

Fire
Flood
Mud Landslide
Severe Storm
Straight Line Winds
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,592$19,104
Home Insurance *$87$1,044
Property Taxes $275$3,300
Electricity $149$1,793
Total$2,103$25,236
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$72,102/yr
40% on housing$63,090/yr
45% on housing$56,080/yr

Washington FAIR Plan Programs

Washington FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 306Commercial: 55
Total Premiums$858,000
Total Exposure$176.33M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.9%
9.9%
0%30.0%
Electricity Growth Rate10-year average: 3.0%
3.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.6%
1.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$414This listing

vs Other Active Listings

Avg $/sqft

ZIP 98405$226
Pierce County$262

vs Homes Sold Last Month

Median $/sqft

ZIP 98405$316
Pierce County$312

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-02-11Price change$330,000
2026-01-07Listed for sale$370,000
2023-12-29Listing removed--
2023-12-10Price change$2,300
2023-12-08Listed for rent$2,500
2022-09-19Sold$372,549
2022-08-12Pending sale$379,950
2022-08-03Listed for sale$379,950
2017-09-19Sold$163,000
2017-08-08Pending sale$159,999
2017-08-04Price change$159,999
2017-07-13Listed for sale$169,999
2006-12-01Sold$145,000
2002-05-13Sold$50,600
1999-02-19Sold$39,000
1998-02-18Sold$23,000
1996-02-14Sold$49,444

For Sale by Agent

AgentNakita Thierry
BrokerageCnR Realty

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