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1040 S Ferry Street

Tacoma, WA 98405
  • $1,000,000
  • STATUS: Active
  • ID#: 2440111
Foreclosure
UPDATED: 71 min ago
$1,000,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,688
    SQFT
  • $271
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1973
County:

School Information

Elementary School:
Middle School:
High School:
School District:
Northwest MLS logo Listing information ©2025 Northwest MLS. Listing courtesy of LPT Realty LLC.
Mortgage Calculator is provided by BoomTown.

Description

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 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 agreementplease do not disturb tenants.

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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.The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Jacob Neuman Real Estate | The Agency Seattle are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2025-12-06T19:14:40.143. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2025-12-06T19:14:40.143. 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.
www.jacobneumanrealestate.com/homes/168525586
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1040 S Ferry Street Tacoma, WA 98405

  • Price: $1,000,000
  • Status: Active
  • On Site: Days
  • Updated: 71 min ago
  • ID#: 2440111
0
Beds
0
Baths
0
½ Baths
0.14
Acres
3,688
SQFT
$271
$/SQFT
1973
Built
Neighborhood:
Central Tacoma
County:
Pierce
Area:
Central Tacoma
Elementary School:
Bryant
Middle School:
Hilltop Heritage Middle
High School:
Foss
School District:
Tacoma
Property Description
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 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 agreementplease do not disturb tenants.
Exterior Features

Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features BrickWood Lot Features AlleyCurbsPaved Open Parking Spaces 10 Open Parking YN Yes Parking Total 10 Parking Uncovered Spaces 10 Roof Composition Structure Type Quadruplex Style Code 54 - 4-Plex View YN No Waterfront YN No

Interior Features

Baths Full Upper 0 Baths Half Upper 0 Baths Three Quarter Upper 0 Bedrooms Upper 0 Building Area Total 3688 Cooling Forced Air Cooling YN Yes Fireplace YN No Fireplaces Total 0 Flooring Ceramic TileLaminateCarpet Heating Forced Air Heating YN Yes Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Association Fee 0 Association YN No Energy Source Electric FIRPTAYN No First Right Of Refusal No Foundation Details Slab Irrigation Water Rights YN No Listing Terms Cash OutConventionalFHA Lot Number 20-21 Net Operating Income 0 New Construction YN No Possession Closing Possible Use Multi-Family Power Company Tacoma Public Utility Power Production Type Electric Property Condition Very Good Property Sub Type Multi Family Senior Community YN No Sewer Sewer Connected Sewer Company Tacoma Public Utility Special Listing Conditions Bank Or REONone Tax Annual Amount 10659 Tax Year 2025 Units In Building Total 4 Water Company Tacoma Public Utility Water Source Community Year Built Effective 1994 Zoning Description Multi-Family Zoning Jurisdiction City



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.The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Jacob Neuman Real Estate | The Agency Seattle are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2025-12-06T19:14:40.143. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2025-12-06T19:14:40.143. 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.
 
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Jacob Neuman Real Estate | The Agency Seattle
123 Lake Street South, 123B
Kirkland WA, 98033
Northwest MLS logo Listing information ©2025 Northwest MLS. Listing courtesy of LPT Realty LLC.
Mortgage Calculator is provided by BoomTown.