3510 S 40th Street Unit #1-3, Tacoma, WA 98409
- $580,000
- 1,650
- SqFt
Listing courtesy of Theory Real Estate. Selling Office: Theory Real Estate.
- Sold Price
- $580,000
- List Price
- $574,950
- Status
- SOLD
- MLS#
- 2410056
- Closing Date
- Apr 22, 2026
- Days on Market
- 75
- Style
- 53 - Tri-plex
- Building Condition
- Good
- Finished SqFt
- 1,650
- Area Total SqFt
- 1650
- Annual Tax Ammount
- 5482
- Lot Size (sq ft)
- 4,872
- Sewer
- Sewer Connected
Property Description
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!
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Additional Information
- List Date
- 2026-02-06 00:00:00
- Community
- South Tacoma
- Net Operating Income
- $30,698
- Gross Adjusted Income
- $44,088
- Gross Scheduled Income
- $44,088
- Total Monthly Income
- $3,674
- Insurance Expenses
- $3,000
- Water/Sewer/Garbage Expenses
- $2,454
- Gross Rent Multiplier
- 13
- Total Expenses
- $13,390
- Cap Rate
- 5.3
- Total Number of Units
- 3
- Unit Name
- 3510
- Potential Terms
- Cash, Conventional, FHA, State Bond, VA Loan
- Year Built
- 1988
- View
- Territorial
- Roof
- Composition
- Site Features
- High Speed Internet
- Electric Expenses
- 2454
- Energy Source
- Electric
- School District
- Tacoma
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $3,674
- Gross Scheduled Income
- $44,088
- Gross Adjusted Income
- $44,088
- Tax Year
- 2025
- Insurance Expense
- $3,000
- W/S/G Expenses
- $2,454
- Total Expenses
- $13,390
- Net Operating Income
- $30,698
- Gross Rent Multiplier
- 13
- Cap Rate
- 5.3
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.