$500,000
Est. $2,770/mo2151 -2155 Martin Luther King Jr Way S, Tacoma, WA 98405
• Listed Jul 23, 2026•30 days active · 30 cumulative
Listing Broker: Meridian Real Estate Group; Eric D. Crittendon; 253-222-4549; ecrittendon3@gmail.com
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Listing Broker: Meridian Real Estate Group; Eric D. Crittendon; 253-222-4549; ecrittendon3@gmail.com
About this home
Exceptional development opportunity in Tacoma's thriving Hilltop neighborhood! This offering includes two parcels totaling a prime mixed-use development site with the groundwork already in place. The lots have been cleared, and extensive due diligence has been completed, including Phase I-IV environmental work, infiltration and compaction testing—saving developers valuable time, reducing upfront costs, and streamlining the path to construction. Zoned NCX, the property allows for up to 45 feet of building height, with bonus height provisions readily attainable. A future development can take advantage of spectacular 360-degree views, from Mount Rainier to the Olympic Mountains. Ideally located just steps from the newly completed LINK light rail line and only two blocks from St. Joseph Medical Center, this site is perfectly positioned for a transit-oriented mixed-use project in one of Tacoma's fastest-growing neighborhoods. Opportunities with this level of preparation and location are increasingly rare.
Listed by Eric D. Crittendon • Meridian Real Estate Group
Listing updated: September 21, 2026 at 11:39pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2544835
Around this home
How much should you offer?
2151 -2155 Martin Luther King Jr Way S, Tacoma, WA 98405
Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Property details
Layout
- Res-Less thn 1 Ac
Schools
Ratings via SchoolDiggerTacoma School District
- Buyer To VerifyPublic · Grades Elementary—
- Buyer To VerifyPublic · Grades Middle—
- Buyer To VerifyPublic · Grades High—
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
Vacant land facts
As entered by the listing broker on Northwest MLS
Lot
- Acres
- 0.19 acres
- Lot square feet
- 8,450 sq ft
- Lot dimensions
- 65x130
- Topography
- Level
- Lot details
- Alley, Corner Lot, Curbs, Paved, Sidewalk
Zoning & use
- Zoning code
- NCX
- Zoning description
- Commercial,Multi-Family,Residential,Retail
- Zoning jurisdiction
- City
- Possible use
- Commercial, Multi-Family, Residential, Retail
Utilities
- Utilities
- Electricity Available, Natural Gas Available
- Electricity
- In Street
- Gas
- In Street
- Water
- In Street, On Property
- Water jurisdiction
- TPU
- Sewer
- Available, In Street
Road & access
- Road surface
- Paved
- Road information
- Paved
Surveys & reports
- Soil feasibility test
- Yes
- Soil test date
- 6/1/2026
- Sketch submitted
- No
Water & irrigation
- Waterfront
- No
- Irrigation water rights
- No
Taxes & assessment
- Tax year
- 2026
- Senior exemption
- No
- Financing
- Cash
- Seller disclosure
- Provided
- Preliminary title ordered
- Yes
Neighborhood mobility
Doorstep, Pedal & Station Scores
Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.
Ground Truth™
The ground, the slope, the flood zone and the noise at this address
Read from public hazard, flood, terrain and noise maps for this exact home.
Address Insider™
The members' report
Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.
Opens with the report above.
Sales & Tax Records for 2151 -2155 Martin Luther King Jr Way S
NWMLS via MLS Grid · Pierce County AssessorEvery listing, pending, price change and closing filed on this home with the NWMLS, the county’s recorded sales, and its assessed values by tax year.
- Jul 23, 2026ListedNWMLS via MLS Grid · #2544835$500,000
Down payment assistance
6 programs may be available to provide you with up to $55,000 in down payment assistance, depending on your specific information.
Source: program list compiled by RexMont from ARCH (A Regional Coalition for Housing) member-jurisdiction information. This is not Northwest MLS listing data.
Mortgage payment forecast
$3,270 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.
Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
Ask about this home
A licensed RexMont broker will get back to you, usually in under 5 minutes during business hours.
Listing Broker: Meridian Real Estate Group; Eric D. Crittendon; 253-222-4549; ecrittendon3@gmail.com
Market pulse
Tacoma is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 55 days.
Recent sales nearby
Within 1 mile · last 6 months$357,000 Sold
1 day ago
4 bd•2 ba•~1,984 sq ft•Single Family
1536 S State Street, Tacoma, WA 98405
19%
Over list
25
Days on market
0.9 mi
Distance
$439,500 Sold
2 days ago
3 bd•2.5 ba•~1,560 sq ft•Single Family
1912 Martin Luther King Jr Way, Tacoma, WA 98405
0%
Over list
158
Days on market
0.2 mi
Distance
$305,000 Sold
1 week ago
2 bd•1 ba•~760 sq ft•Single Family
1916 Martin Luther King Jr Way, Tacoma, WA 98405
2%
Over list
123
Days on market
0.2 mi
Distance
$660,000 Sold
3 weeks ago
•Single Family
1522 S M Street, Tacoma, WA 98405
3%
Under list
36
Days on market
0.5 mi
Distance
$510,000 Sold
3 weeks ago
3 bd•2 ba•~1,204 sq ft•Single Family
1255 S Grant Avenue, Tacoma, WA 98405
0%
Over list
55
Days on market
0.8 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Oct 2026
Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of October 21, 2026 at 6:17 AM PT (date and time MLS GRID Data was obtained). 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.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some IDX listings have been excluded from this website.
© 2026 Northwest Multiple Listing Service. All rights reserved.
HO
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