$500,000
Est. $2,549/mo2151 -2155 Martin Luther King Jr Way S, Tacoma, WA 98405
• Listed 2026-07-23•3 days on market
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Based on information submitted to the MLS GRID as of July 23, 2026 at 02:32pm (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.
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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: July 23, 2026 at 02:32pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2544835
Open houses
No upcoming open houses scheduled for this property.
$490,000
-$10,000 under list price
Nearby comparable homes
RexMont uses 3 strongest recent nearby sales, priced between $258K and $340K.
Rental earnings
$1,475/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$340,000Last sold price
2536 S Sheridan Avenue, Tacoma, WA 98405
$340,000Last sold price
930 S M Street, Tacoma, WA 98405
Estimate is a comp-supported screen, not an appraisal or broker price opinion. Ask RexMont for a property-specific pricing review before writing or accepting an offer.
2151 -2155 Martin Luther King Jr Way S, Tacoma, WA 98405
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.
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Tacoma is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Many homes get multiple offers, some with waived contingencies.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 13 days.
$420,000 Sold
4 weeks ago
2 bd•2 ba•~1,321 sq ft•Single Family
2434 Yakima Court, Tacoma, WA 98405
1%
Under list
—
Days on market
0.2 mi
Distance
$290,000 Sold
7 weeks ago
3 bd•1 ba•~949 sq ft•Single Family
1820 S Sprague Avenue, Tacoma, WA 98405
24%
Over list
—
Days on market
0.7 mi
Distance
$480,000 Sold
2 months ago
3 bd•1.5 ba•~1,558 sq ft•Single Family
2367 Yakima Court, Tacoma, WA 98405
2%
Under list
—
Days on market
0.2 mi
Distance
$500,000 Sold
3 months ago
3 bd•1.5 ba•~1,604 sq ft•Single Family
2365 Yakima Ct, Tacoma, WA 98405
0%
Over list
—
Days on market
0.2 mi
Distance
$499,950 Sold
3 months ago
2 bd•2.5 ba•~1,369 sq ft•Single Family
2535 Se I St #a, Tacoma, WA 98405
0%
Over list
—
Days on market
0.3 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 Jul 2026
Tacoma School District
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.
