Listed by Theory Real Estate
$574,950

3510 S 40th St Unit 1-3 Tacoma, WA 98409

South Tacoma Neighborhood

Estimated payment $3,641/month

Total Views 410
3 Beds
3 Baths
1,650 Sq Ft
$348 Price per Sq Ft

Highlights

  • Very Popular Property
  • No HOA
  • High Speed Internet
  • Territorial View
  • Vinyl Plank Flooring

About This Home

Fully Updated TRIPLEX near the bustling art/music/restaurant hot-spot of South Tacoma Way! This Multifamily Investment Opportunity provides the rare chance for new investors to enter the market with a house hacking opportunity. Unit C is currently vacant and ready for move in today! Adjacent units are occupied with leases at current market rent prices!! Each unit is 550 sq ft, 1 bedroom, 1 bathroom complete with Luxury Vinyl Plank! Kitchen features updated appliances, shaker cabinets and modern lighting. Vaulted ceilings create open and bright space. Dedicated Washer/Dryer in each unit + private 550 sqft garage! Walk to public transportation, parks, grocery and much more! This one is a no-brainer. Go get it!

Listing Agent

Kristi Nicole

Theory Real Estate License #128030 Listed on: 07/19/2025

Co-Listing Agent

Ronald Dudley

Theory Real Estate License #128719

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2410056

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,482

Year Built

  • Built in 1988

Lot Details

  • 4,872 Sq Ft Lot
  • Property is in good condition

Home Design

  • Triplex
  • Block Foundation
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 1,650 Sq Ft Home
  • 2-Story Property
  • Vinyl Plank Flooring
  • Territorial Views

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Parking

  • 6 Parking Spaces
  • 3 Covered Spaces
  • Open Parking

Utilities

  • Heating System Mounted To A Wall or Window
  • High Speed Internet

Community Details

  • No Home Owners Association
  • South Tacoma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2890000512

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,482

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1988
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 1650
  • SOCComments: 2.5
  • Special Features: None
  • Cumulative Days on Market: 2

Interior Features

  • Possible Use: Residential
  • Total Bedrooms: 3
  • Fireplace: No
  • Flooring: Vinyl Plank
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood Products
  • Foundation Details: Block, Poured Concrete
  • Property Condition: Good
  • Structure Type: Triplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 3
  • Open Parking Spaces: 3
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 3

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Wall Unit(s)
  • Heating Yn: Yes
  • PowerCompany: TPU
  • SewerCompany: TPU
  • WaterCompany: TPU
  • WaterSewerGarbage: 2454

Condo/Co-op/Association

  • Senior Community: No
  • Association: No
  • Common Interest: Multi-Family

Schools

  • Junior High Dist: Tacoma
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 2890000512
  • Lot Size Acres: 0.1118
  • Lot Size Sq Ft: 4872
  • Zoning Description: Residential
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: High Speed Internet
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 3674

Multi Family

  • Gross Scheduled Income: 44088
  • Net Operating Income: 30698
  • Number Of Units Total: 3
  • Electric Expense: 2454
  • Insurance Expense: 3000
  • Leasable Area: 1650
  • EnergySource: Electric
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2025
  • Tax Annual Amount: 5482

MLS Schools

  • Elementary School: Buyer To Verify

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $5,172 $543,700 $178,000 $365,700
2024 $5,172 $503,600 $172,000 $331,600
2023 $5,172 $464,600 $164,500 $300,100
2022 $3,979 $460,700 $156,900 $303,800
2021 $3,543 $281,700 $86,100 $195,600
2019 $3,107 $258,400 $69,300 $189,100
2018 $2,816 $238,900 $60,600 $178,300
2017 $2,538 $178,100 $46,900 $131,200
2016 $2,083 $138,400 $33,400 $105,000
2014 $2,015 $119,700 $32,300 $87,400
2013 $2,015 $101,400 $30,200 $71,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2025 07/19/25 For Sale $574,950 -- $348 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- Chicago Title
Warranty Deed $375,000 Chicago Title Company Of Wa
Quit Claim Deed -- None Available
Bargain Sale Deed $143,400 Fatco
Trustee Deed $175,000 Fatco
Warranty Deed $236,000 Rainier Title
Warranty Deed $374,500 Pst
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $430,500 New Conventional
Previous Owner $290,000 Purchase Money Mortgage
Previous Owner $224,200 Purchase Money Mortgage
Previous Owner $374,500 Purchase Money Mortgage
Source: Public Records

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2410056

Northwest Multiple Listing Service (NWMLS)

APN: 289000-0512