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1040 S Ferry Street Tacoma, WA $ 950,000
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1040 S Ferry Street
$ 950,000
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1040 S Ferry Street

Tacoma, WA, 98405
$ 950,000
Bedrooms-- Baths--

Monthly Estimate*

$ 5,849

Listed by LPT Realty LLC
1040 S Ferry Street, Tacoma, WA 98405 - Image 1
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1040 S Ferry Street, Tacoma, WA 98405 - Image 8
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1040 S Ferry Street, Tacoma, WA 98405 - Image 18
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Commercial Property for sale in Tacoma, WA

for $950,000. This building 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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Commercial Active

Price

$ 950,000

Property Type

Commercial

Taxes

$ 10,659

Style

Comm Bldg Und 10K

Lot Size

0.1377

Year Built

1973

Town/City

Tacoma

County/Region

Pierce

MLS | Web ID

2441870
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 Commercial Industrial
Tax Year 2025
County Pierce
Net Operating Income 0
Insurance Expense 0
Property Type Commercial Sale
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.
City Tacoma
Senior Community Y/N N
Zoning Description Multi-Family
Number Of Units Total 4
MLS Area 26 - Central Tacoma
Lot Size Units Square Feet
Lot Size Square Feet 6000
Carport Y/N N
Listing Terms Cash Out Conventional
Tax Annual Amount 10659
Electric Expense 0
Fuel Expense 0
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
Structure Type Unspecified
Building Area Units Square Feet
Standard Status Active
Water Company Tacoma Public Utility
Water Sewer Garbage 0
Property Style 60 - Comm Bldg Und 10K
Cap Rate 5.5
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Exterior
Exterior Amenities Brick Wood
Water Source Community
Total Parking 5
Foundation Details Slab
Building Area Total 0
Lot Size Acres 0.1377
Covered Spaces 0
Irrigation Water Rights Y/N N
Parking Uncovered Total 5
Lot Number 20-21
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Interior
Flooring Ceramic Tile Laminate Carpet
Total Fireplaces 0
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 NWM2441870
Street Number 1 1040
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* Excluded Features
List By
Joseph Stone

Listing Agent

Lpt Realty Llc

Broker

Affordability Calculator

$6,738
Per Month
87%
13%
0%
Monthly Principal & Interest
$5,849
Monthly Property Taxes
$888
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
258624 Elementary School
258775 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
1/8/2026$950,000 -5.00% Price Down
11/25/2025$1,000,000 -9.09% Price Down
10/6/2025$1,100,000 Listed Price

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1040 S Ferry Street, Tacoma, WA, 98405 is a Commercial Property for sale at $950,000 with a lot size of 0.1377. 1040 S Ferry Street was built in 1973. The property's zip code is 98405 which is in Tacoma, WA

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