1040 S Ferry St Tacoma, WA 98405
Central Tacoma NeighborhoodEstimated payment $6,148/month
Highlights
- No HOA
- Ceramic Tile Flooring
- Wood Siding
- Forced Air Heating and Cooling System
- Property is in very good condition
- 5-minute walk to Peck Athletic Complex
About This Home
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.
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2440111
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,659
Year Built
- Built in 1973
Lot Details
- 6,000 Sq Ft Lot
- Property is in very good condition
Home Design
- Quadruplex
- Brick Exterior Construction
- Slab Foundation
- Composition Roof
- Wood Siding
Interior Spaces
- 3,688 Sq Ft Home
- 2-Story Property
Flooring
- Carpet
- Laminate
- Ceramic Tile
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Parking
- 10 Parking Spaces
- Open Parking
Schools
- Bryant Elementary School
- Hilltop Heritage Middle School
- Foss High School
Utilities
- Forced Air Heating and Cooling System
Community Details
- No Home Owners Association
- Central Tacoma Subdivision
Listing and Financial Details
- Legal Lot and Block 20-21 / 1
- Assessor Parcel Number 3590000120
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $10,383 | $976,400 | $239,300 | $737,100 |
| 2024 | $10,383 | $980,200 | $232,400 | $747,800 |
| 2023 | $10,383 | $933,800 | $216,800 | $717,000 |
| 2022 | $8,721 | $905,100 | $226,200 | $678,900 |
| 2021 | $7,812 | $622,200 | $133,200 | $489,000 |
| 2019 | $6,675 | $529,500 | $106,700 | $422,800 |
| 2018 | $6,460 | $514,100 | $89,600 | $424,500 |
| 2017 | $5,083 | $409,300 | $72,800 | $336,500 |
| 2016 | $4,457 | $265,000 | $55,300 | $209,700 |
| 2014 | $4,022 | $256,500 | $49,500 | $207,000 |
| 2013 | $4,022 | $240,600 | $43,700 | $196,900 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/25/2025 11/25/25 | Price Changed | $1,000,000 | -9.1% | $271 / Sq Ft | |
| 10/03/2025 10/03/25 | For Sale | $1,100,000 | +34.1% | $298 / Sq Ft | |
| 09/11/2020 09/11/20 | Sold | $820,000 | -0.6% | $222 / Sq Ft | View Prior Sale |
| 08/10/2020 08/10/20 | Pending | -- | -- | -- | |
| 07/25/2020 07/25/20 | For Sale | $825,000 | +3.3% | $224 / Sq Ft | |
| 07/19/2020 07/19/20 | Pending | -- | -- | -- | |
| 07/17/2020 07/17/20 | For Sale | $799,000 | -- | $217 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | Chicago Title | |
| Warranty Deed | $820,000 | Chicago Title | |
| Interfamily Deed Transfer | -- | Fidelity National Title | |
| Interfamily Deed Transfer | -- | Fidelity National Title | |
| Warranty Deed | $234,719 | Fidelity National Title | |
| Interfamily Deed Transfer | -- | Fidelity National Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $615,000 | New Conventional | |
| Previous Owner | $231,067 | Commercial |
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2440111
APN: 359000-0120
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Based on information submitted to the MLS GRID
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