About 1040 S Ferry Street
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.
Features of 1040 S Ferry Street
| MLS® # | 2440111 |
|---|---|
| Price | $1,100,000 |
| Price Per SqFt | $298 |
| Bathrooms | 0.00 |
| Square Footage | 3,688 |
| Acres | 0.14 |
| Year Built | 1973 |
| Type | Income |
| Sub-Type | Multi-Family |
| Status | Active |
Community Information
| Address | 1040 S Ferry Street |
|---|---|
| Area | 26 - Central Tacoma |
| Subdivision | Central Tacoma |
| City | Tacoma |
| County | Pierce |
| State | WA |
| Zip Code | 98405 |
Amenities
| Parking Spaces | 10 |
|---|---|
| Is Waterfront | No |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 2 |
Exterior
| Exterior Features | Brick, Wood |
|---|---|
| Lot Description | Alley, Curbs, Paved |
| Foundation | Slab |
School Information
| District | Tacoma |
|---|---|
| Elementary | Bryant |
| Middle | Hilltop Heritage Middle |
| High | Foss |
Additional Information
| Days on Market | 25 |
|---|---|
| Cumulative Days on Market | 25 |
| Days on Website | 25 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Lpt Realty Llc |
|---|