1040 S Ferry Street Tacoma, WA $ 1,000,000
1040 S Ferry Street
$ 1,000,000
Foreclosure
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1040 S Ferry Street

Tacoma, WA, 98405
$ 1,000,000
Baths0.0 Sq 3,688

Monthly Estimate*

$ 6,239

Listed by LPT Realty LLC
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Studio

Multi-Family Home for sale in Tacoma, WA

for $1,000,000. This 3,688 square foot home was built in 1973 on a lot size of 0.1377.

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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Multi-Family Active

Price

$ 1,000,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 10,659

Style

4-Plex

Lot Size

0.1377

Year Built

1973

Town/City

Tacoma

County/Region

Pierce

MLS | Web ID

2440111

Features
General
Living Area 0
Sewer Sewer Connected
Heating Forced Air
Cooling Forced Air
Possession Closing
Roof Composition
HOA Fee 0
Year Built 1973
Property Subtype Multi Family
Tax Year 2025
County Pierce
Net Operating Income 0
Insurance Expense 0
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Central Tacoma
Possible Use Multi-Family
Special Listing Conditions Bank Or REO None
Status Active
Directions Take I-5 exit 132 located one lot north of the northwest corner of S. 12th & Ferry.
High School Foss
City Tacoma
Senior Community Y/N N
High School District Tacoma
Zoning Description Multi-Family
Open Parking Spaces 10
Number Of Units Total 4
MLS Area 26 - Central Tacoma
Lot Size Units Square Feet
Lot Size Square Feet 6000
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Out Conventional FHA
Elementary School Bryant
Tax Annual Amount 10659
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Hilltop Heritage Middle
Property Condition Very Good
Public Remarks Fantastic Central Tacoma investment opportunity! This well-maintained 4-plex features four 2-bedroom 1-bath unitseach with hardwood flooring throughout the living space and kitchen plus stylishly upd
Leasable Area 3688
Structure Type Quadruplex
Building Area Units Square Feet
Standard Status Active
Water Company Tacoma Public Utility
Units Below Grade false
Units In Building Total 4
Water Sewer Garbage 0
Property Style 54 - 4-Plex
Cap Rate 5.5
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Exterior
Exterior Amenities Brick Wood
Lot Features Alley Curbs Paved
Water Source Community
Total Parking 10
Foundation Details Slab
Building Area Total 3688
Lot Size Acres 0.1377
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Parking Uncovered Spaces 10
Lot Number 20-21
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Interior
Flooring Ceramic Tile Laminate Carpet
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2440111
Street Number 1 1040
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* Excluded Features
List By
Joseph Stone

Listing Agent

Lpt Realty Llc

Broker

Affordability Calculator

$7,127
Per Month
88%
12%
0%
Monthly Principal & Interest
$6,239
Monthly Property Taxes
$888
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4649864 Elementary School
3692178 Middle School
Foss High School High School
Pricing History
DatePricePrice ChangeDescription
11/25/2025$1,000,000 -9.09% Price Down
10/3/2025$1,100,000 Listed Price

Map


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1040 S Ferry Street, Tacoma, WA, 98405 is a Multi-Family Home for sale at $1,000,000 with 3,688 sqft and a lot size of 0.1377. 1040 S Ferry Street is a studio with 0.0 baths and was built in 1973. The property's zip code is 98405 which is in Tacoma, WA