1040 S Ferry Street, Tacoma, WA 98405

Local realty services provided by:Better Homes and Gardens Real Estate McKenzie Realty
Listed by: joseph stone
Office: lpt realty llc.
MLS#:2440111
Source:NWMLS
1040 S Ferry Street,Tacoma, WA 98405
$950,000
  • - Beds
  • - Baths
  • 3,688 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$950,000
  • Price per sq. ft.:$257.59

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:January 14, 2026 at 01:57 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:$950,000
  • Price per sq. ft.:$257.59
  • Tax amount:$10,659 (2025)
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