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$1,100,000
10 Days On Site

1040 S Ferry Street
Tacoma, WA98405

For Sale|Multi Family|Active
0
Beds
0
Total Baths
3,688
SqFt
$298
/SqFt
1973
Built
Cumulative Days On Market:
10
Subdivision:
Central Tacoma
County:
Pierce
Courtesy of NWMLS
Listing courtesy of Joseph Stone of LPT Realty LLC

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253-268-1714
1040 S Ferry Street1040 S Ferry Street1040 S Ferry Street1040 S Ferry Street
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Fantastic Central Tacoma investment opportunity! This well-maintained 4-plex features four 2-bedroom, 1-bath units—each with hardwood flooring throughout the living space and kitchen, plus stylishly updated kitchens. Recent improvements include a newer roof, fresh paint, and renovations within the past five years, making this a true turnkey property. With a 5.5% cap rate and 0% current vacancy, this is a rock-solid addition to any portfolio. Tenants enjoy a community garden and easy access to shopping, Allenmore Golf Course, local parks, and schools. Showings available only after mutual agreement—please do not disturb tenants.

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Listing Snapshot
Price 
$1,100,000
Days On Site 
10 Days
Bedrooms 
N/A
Inside Area (SqFt) 
3,688 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1377 Acres
Year Built 
1973
MLS® Number 
2440111
Status 
Active
Property Tax 
$10,659
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
4 days agoListing updated with changes from the MLS®
a week agoListing first seen on site
General Features
Acres 
0.1377
Additional Property Use 
Multi-Family
Foundation 
Slab
Number Of Stories 
2
Parking Spaces 
10
Property Sub Type 
Multi Family
SqFt Total 
3688
Utilities 
Sewer Connected
Zoning 
Multi-Family
Interior Features
Cooling 
Flooring 
Ceramic TileLaminateCarpet
Heating 
ElectricForced Air
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Exterior Features
Construction Details 
BrickWood Siding
Lot Features 
Paved
Roof 
Composition
Community Features
Financing Terms Available 
ConventionalFHA
MLS Area 
26 - Central Tacoma
School District 
Tacoma
Schools
School District
Tacoma
Elementary School
Bryant
Middle School
Hilltop Heritage Middle
High School
Foss
Courtesy of NWMLS
Listing courtesy of Joseph Stone of LPT Realty LLC



Listing information is provided by Participants of the Northwest MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, Northwest MLS.
All data is obtained from various sources and may not have been verified by the 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.
Last checked: 2025-10-13 04:43 PM PDT

Neighborhood & Commute
Source: Walkscore
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