1040 S Ferry Street, Tacoma, WA 98405 (MLS # 2440111)

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Listing provided courtesy of Northwest MLS; LPT Realty LLC

PRICE $1,100,000
BEDS 0
BATHS 0
HOME SIZE 3,688 sqft
LOT SIZE 5,999 sqft
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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.

LAST UPDATED 10/3/2025 TRACT Central Tacoma
YEAR BUILT 1973 COMMUNITY Central Tacoma
COUNTY Pierce STATUS Active
PROPERTY TYPE(S) Multi Family

SCHOOLS
Elementary School Bryant
Jr. High School Hilltop Heritage Middle
High School Foss


ADDITIONAL DETAILS
AIR CONDITIONING Yes
AREA 26 - Central Tacoma
CONSTRUCTION Brick, Wood Siding
HEAT Electric, Forced Air
LOT 5998 sq ft
LOT DESCRIPTION Alley, Curbs, Paved
MLS STATUS Active
STORIES 2
STYLE 54 - 4-Plex
SUBDIVISION Central Tacoma
TAXES 10659
UTILITIES Sewer Connected
ZONING Multi-Family

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Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 10/3/25 9:23 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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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