$1,100,000

1040 S Ferry Street, Tacoma, WA 98405

Commercial Property
Built in 1973
5,998sqft lot
—— car garage
$——/sqft
Listed 1 month ago

Property Description

This listing courtesy of Joseph Stone, LPT Realty LLC

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.

Listing Status:: Active
Listing Office:: LPT Realty LLC : 253-300-1000
Listing Agent:: Joseph Stone : 253-300-1000
MLS ID:: 2441870

Flooring: Ceramic TileLaminateCarpet
A/C: Forced Air
Heating: Forced Air
Fireplace: Fireplaces: 0

General: BrickWood
Parking: Parking spaces: 0

Roofing: Composition
General: 60 - Comm Bldg Und 10KSlab

HOA Amenities: 0.0
Originating MLS: nwmls
County: Pierce

Zoning: 3590000120

Water: Community
Sewer: Sewer Connected

Source: nwmls

This listing courtesy of Joseph Stone, LPT Realty LLC

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Bryant Montessori School

717 S Grant Ave, Tacoma, WA, 98405

Grades PK-5

0.35 miles away

Bryant Montessori Middle School

717 S Grant Ave, Tacoma, WA, 98405

Grades 6-8

0.35 miles away

Tacoma Business Academy

1101 South Yakima, C/O John Page/Annex Bldg, Tacoma, WA, 98405

Grades 9-12

0.84 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.