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1040 S Ferry Street, Tacoma, WA 98405

Local realty services provided by:CENTURY 21 Lund, Realtors
Listed by: joseph stone
Office: lpt realty llc.
MLS#:2440111
Source:NWMLS
1040 S Ferry Street,Tacoma, WA 98405
$1,000,000
  • - Beds
  • - Baths
  • 3,688 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$1,000,000
  • Price per sq. ft.:$271.15

About this home

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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Home facts

  • Year built:1973
  • Listing ID #:2440111
  • Updated:December 17, 2025 at 01:23 AM

Rooms and interior

  • Living area:3,688 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Composition
  • Year built:1973
  • Building area:3,688 sq. ft.
  • Lot area:0.14 Acres

Schools

  • High school:Foss
  • Middle school:Hilltop Heritage Middle
  • Elementary school:Bryant

Utilities

  • Water:Community
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$1,000,000
  • Price per sq. ft.:$271.15
  • Tax amount:$10,659 (2025)
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of December 17, 2025. 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 is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2025 MLS GRID. All Rights Reserved.

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