710 South 40th Street
710 South 40th Street
Tacoma, WA 98418
$520,000
Last Sold Price
7
Beds
4
Baths
2,472 Sq. Ft.
$210 / Sq. Ft.
2,472
Sq. Ft.
$210
per Sq. Ft.
Sold 11/17/22
Sold 11/17/22
Listing provided courtesy of Great NW Real Estate LLC, Professional Realty Services
Description
Income Producing 4 Plex. Main house and Unit B & C vacant w/big upside for improvements and increased rent. Main house (4 bed/1 ba); a Duplex, (each has 1 bd/1 ba); and 1 Cottage (1 bd/ 1 ba). All units were previously rented to long term tenants. Seller terminated leases due to sale that fell through. New roof on 3 units. One side of duplex (Unit A) is totally remodeled new wiring & plumbing, currently occupied. All units separately metered. Next owner can rent as-is or make improvements for higher...Income Producing 4 Plex. Main house and Unit B & C vacant w/big upside for improvements and increased rent. Main house (4 bed/1 ba); a Duplex, (each has 1 bd/1 ba); and 1 Cottage (1 bd/ 1 ba). All units were previously rented to long term tenants. Seller terminated leases due to sale that fell through. New roof on 3 units. One side of duplex (Unit A) is totally remodeled new wiring & plumbing, currently occupied. All units separately metered. Next owner can rent as-is or make improvements for higher rents/CAP rate. Laundry in 3 units. Access to Units A-C is shared driveway to back of house. Quiet and private. Plenty of uncovered parking. Area has high rental demand. Solid 6 CAP as is. This is the one you've been looking for!
- Listed by Lynn Lackey • Great NW Real Estate LLC
- Listed by Samantha Clifton • Great NW Real Estate LLC
Property Details for 710 South 40th Street
Community Name
Tacoma
School DistrictTacoma
Number of Assigned Spaces6
Total Covered Parking0
Entry Date06-14-2022
Energy SourceElectric
SewerSewer Connected
Location
Listing Courtesy of Great NW Real Estate LLC![]()
Sold By Professional Realty Services
Add your commute
LISTING UPDATED: 11/17/2022 02:54 PM
Property Details for 710 South 40th Street
| Status | Sold |
|---|---|
| MLS # | 1943933 |
| Days on Market | 122 |
| Cumulative Days on Market | 612 |
| Taxes | $4,788 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1900 |
| Lot Size | 0.20 AC / 8,885 SF |
| County | Pierce County |
Location
Listing Courtesy of Great NW Real Estate LLC![]()
Sold By Professional Realty Services
Add your commute
Building Information for 710 South 40th Street
Stories2Residences4Year Built1900Building Size-Lot Size0.20 AC / 8,885 SF
Payment Calculator
$3,237 per month
30 year fixed, 7.25% Interest
Principal and Interest
$2,838
Property Taxes
$399
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 710 South 40th Street
Summary
Location and General Information
- Style: 54 - 4-Plex
- Site Features: Fenced-Partially
- Area: 59 - Southeast Tacoma
- Block: 114
- Elementary School: Whitman
- Middle Or Junior School: Stewart
- High School: Lincoln High
- Effective Year Built Source: Public Records
- Directions: From I-5 go east on 38th St Exit to 'G' st south to 40th on left side. Alley leads to Units A-C, parking to the right behind Main house.
- Leased Items: None
- Property Sub Type: MULT
- View: No
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2022
- Additional Tax Ids: 7470034470
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 6.0
- Open Parking: Yes
Interior and Exterior Features
Interior Features
- Furnished: Unfurnished
- Floor Covering: Vinyl Plank, Carpet
- Features: Forced Air, Wall to Wall Carpet
- Amenities: Basement,Thermal Windows
- Fireplace: No
- Heating: Yes
- FIRPTA: No
Exterior Features
- Exterior: Wood, Wood Products
- Roof: Composition
Property
Utilities
- Heating and Cooling: Baseboard,Forced Air
- Water Source: Public
- Water/Sewer/Garbage: 3600
- Power Company: TPU
- Sewer Company: TPU
- Water Company: TPU
- Power Production Type: Electric
- Utilities: Sewer Connected, Electricity Available
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Poured Concrete
- Zoning Class: Residential
- First Right Of Refusal: false
- Possible Use: Residential
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 1958
- Photos Count: 37
Lot Information
- Lot Details: Curbs, Paved, Sidewalk
- Lot Size Dimensions: 40 x 205 approx
- Lot Size Source: Tax Assessor
- Parcel Number Free Text: 7470034470
- Calculated Square Footage: 2472
- Structure Type: Quadruplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 2472.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
- Green Energy Efficient: Thermal Windows
Multi Family
Building Details
- Number of Uncovered Spaces: 6
- Number of Stories in Building: 2
- Vacancy Rate: 3
- Number Of Units Total: 4
- Units Below Grade: false
- Units In Building Total: 4
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 9788
- Gross Adjusted Income: 54650
- Gross Rent Multiplier: 11.94
- Gross Scheduled Income: $56,340
- Insurance Expense: $1,400
- Net Operating Income: $42,592
- Other Expenses: $0
- Total Monthly Income: 4500
- Fuel Expense: $0
Unit 1
- Name Unit 1: House
- Washer/Dryer Unit 1: true
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Square Feet Unit 1: 1176
- Rent Unit 1: $1,800.00
- Bedrooms Unit 1: 4
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: A
- Washer/Dryer Unit 2: true
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: true
- Square Feet Unit 2: 420
- Rent Unit 2: $1,195.00
- Bedrooms Unit 2: 1
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: B
- Washer/Dryer Unit 3: false
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: false
- Square Feet Unit 3: 420
- Rent Unit 3: $900.00
- Bedrooms Unit 3: 1
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: C
- Washer/Dryer Unit 4: false
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Dishwasher Unit 4: false
- Square Feet Unit 4: 456
- Rent Unit 4: $800.00
- Bedrooms Unit 4: 1
- Bathrooms Unit 4: 1
Rental
Rent Information
- Occupant Type: Vacant
- Leasable Area: 2472.0
- Leasable Area Units: Square Feet
Property History for 710 South 40th Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 710 South 40th Street
Taxable ValueLand$173,200Additions$289,200Total$462,400
Tax Record2024$5,148 ($429 / month)
Home Facts
Beds2Total Finished SqFt816 SqFtAbove Ground SqFt816 SqFtStories1Lot Size8,885 SqFtStyleSingle Family ResidenceYear Built1900Year Renovated1958ZoningR2-SRDCountyPIERCEAPN7470034470
Schools near 710 South 40th Street
This home is within Tacoma School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Whitman PublicPK to 5 | ||
Angelo Giaudrone Middle School Public6 to 8 | ||
Lincoln Public9 to 12 | ||
Industrial Design Engineering And Art Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.
Homes for Sale near South End
Neighborhoods
Cities
No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Great NW Real Estate LLC
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.