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$950,000

  • For Sale
  • Active
  • Multi-Family
  • Updated 5 days ago

Listed by Joseph Stone | LPT Realty LLC | (253) 300-1000

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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.

Full Property Details for 1040 S Ferry St

General

  • Price: $950,000
  • Taxes: $10,659 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2440111
  • Updated: 1/13/2026
  • Added to Site: 108 day(s) ago

Interior

  • Flooring: Ceramic Tile, Laminate, Carpet

Parking

  • Covered Spaces: 5
  • Uncovered Spaces: 10

Location

  • Area: 26 - Central Tacoma
  • County: Pierce
  • Subdivision: Central Tacoma
  • Driving Directions: Take I-5 exit 132, located one lot north of the northwest corner of S. 12th & Ferry.

School Information

  • High School District: Tacoma
  • Elementary School: Bryant
  • Middle School: Hilltop Heritage Middle
  • High School: Foss

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Forced Air
  • Heating Type: Forced Air

Utilities

  • Sewer: Sewer Connected
  • Water: Community

Structural Information

  • Structure Type: Quadruplex
  • Exterior Const.: Brick, Wood
  • Foundation: Slab
  • Roof: Composition
  • Stories in Building: 2
  • Square Feet: 3,688
  • Year Built: 1973
  • Property Condition: Very Good

Unit Information

  • Units in Building: 4

Lot Features

  • Lot Size (Acres): 0.1377
  • Lot Size (Sq. Ft.): 6,000
  • Lot Size Source: Public Records
  • Lot Features: Alley, Curbs, Paved
  • Zoning: Multi-Family

Financial Considerations

  • Tax Amount: $10,659
  • Tax Year: 2025
  • Terms: Cash Out, Conventional, FHA

Disclosures and Reports

  • Special Conditions: Bank Or REO, None
  • Property ID: 3590000120
  • Block: 1
  • Lot Number: 20-21

Listed by Joseph Stone | LPT Realty LLC | (253) 300-1000

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NMLS#: 1598647

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Schools serving 1040 S Ferry St

School District:Tacoma Public Schools
NameGradesDistance
Bryant Montessori School
717 South Grant Avenue, Tacoma, WA 98405
PK-50.3 mi
Hilltop Heritage Middle School
602 North Sprague Avenue, Tacoma, WA 98403
6-80.5 mi
Foss High School
2112 South Tyler Street, Tacoma, WA 98405
9-121.6 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1040 S Ferry St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/08/2026
Price Reduced
$950,000
-5%
MLS
11/25/2025
Price Reduced
$1,000,000
-9.09%
MLS
10/03/2025
Listed
$1,100,000
34.15%
MLS
9/09/2020
Sold
$820,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1040 S Ferry St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$10,659
3%
$980,200
5%
2024
$10,383
11%
$933,800
3%
2023
$9,389
8%
$905,100
19%
2022
$8,721
12%
$761,300
22%
2021
$7,812
9%
$622,200
18%
2020
$7,174
11%
$529,500
3%
2018
$6,460
—
$514,100
26%
2018
$6,460
27%
$409,300
30%
2017
$5,083
14%
$315,700
19%
2016
$4,468
8%
$265,000
3%
2014
$4,138
—
$256,500
7%
2014
$4,138
—
$240,600
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Joseph Stone | LPT Realty LLC | (253) 300-1000

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1040 S Ferry Street, Tacoma, WA 98405 (MLS# 2440111) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 1040 S Ferry Street is currently listed for $950,000 and was received on October 03, 2025. Want to learn more about 1040 S Ferry Street? Do you have questions about finding other Multi-Family real estate for sale in Tacoma? You can browse all Tacoma real estate or contact a Coldwell Banker agent to request more information.

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