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JRJeff ReynoldsCompass · Seattle

2151 -2155 Martin Luther King Jr Way S, Tacoma, WA 98405

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Active

Listed by Eric D. Crittendon, Meridian Real Estate Group

Active0 days on market

$500,000

2151 -2155 Martin Luther King Jr Way S, Tacoma, WA 98405

Tacoma, WA, 98405

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Jeff Reynolds · Managing Broker, Compass

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Land
Type
8,450 sq ft
Lot
0
Days on market

About this property

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.

Location & commute

Add a destination (work, gym, school) for directions and drive time.

Directions

Property details

Listing details

Listing number
#2544835
Listed
July 23, 2026
Days on market
0

Construction

Style
40 - Res-Less thn 1 Ac
Structure
None

Lot

Lot features
AlleyCorner LotCurbsPavedSidewalk
Lot size
8,450 sq ft

Terms

Terms offered
Cash

Utilities

Utilities
Electricity AvailableNatural Gas Available
Water
In StreetOn Property
Sewer
AvailableIn Street

Schools

District
Tacoma
Elementary
Buyer To Verify
Middle
Buyer To Verify
High
Buyer To Verify

Listing history

  1. Listed

    $500,000

    July 23, 2026

Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.

Payment estimate

An estimate to help you plan, not a loan offer or financial advice.

Est. monthly

$2,911

Principal & interest
$2,528
Property tax (est.)
$383

Assumes $100,000 down (20%), a $400,000 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.

Similar nearby listings

Based on information submitted to the MLS GRID as of July 23, 2026 at 5:15 PM PDT. 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.