822 S Ferry St, Tacoma, WA 98405

$735,000
2,215
SqFt

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Listing courtesy of Globenex Realty.

List Price
$735,000
Status
ACTIVE
MLS#
2547692
Days on Market
40
Style
52 - Duplex
Finished SqFt
2,215
Area Total SqFt
2215
Annual Tax Ammount
5399
Lot Size (sq ft)
6,500
Sewer
Sewer Connected

Property Description

TURNKEY OPERATION: INCLUDES ALL FURNITURE, APPLIANCES, AND EXISTING RENTAL SETUP—CURRENTLY GENERATING OVER $6,200/MO IN GROSS RENTAL INCOME. CENTRAL TACOMA | HIGH-YIELD INCOME-PRODUCING INVESTMENT Exceptional investment opportunity in the heart of Central Tacoma, ideally located just minutes from major medical centers, universities, and the vibrant 6th Avenue District. This established income property is currently generating over $6,200 per month in gross rental income, providing immediate cash flow potential from day one. Flexible Floor Plan Main: 3 beds | 3 baths Upper: 2 beds + bonus room | 1 bath Lower: Separate entry w/ kitchenette & ¾ bath An excellent setup for multigenerational living, furnished rental, or shared housing opportunities. Buyer to verify intended use to their satisfaction. Property Features 6 newly installed HVAC systems Detached garage Two additional storage buildings Alley access with excellent future ADU/DADU potential Fully Turnkey Investment To provide a smooth transition and support immediate rental operation, the sale includes furniture, appliances, bedding, linens, kitchenware, household essentials, and the existing rental setup. The buyer may continue generating rental income with minimal setup costs or delays. The seller is relocating, creating a rare opportunity to acquire a stabilized, income-producing asset with strong long-term appreciation potential.

Additional Information

List Date
2026-06-16 16:45:12
Community
Tacoma
Net Operating Income
$56,671
Gross Adjusted Income
$70,680
Gross Scheduled Income
$74,400
Total Monthly Income
$74,400
Insurance Expenses
$1,350
Water/Sewer/Garbage Expenses
$2,900
Gross Rent Multiplier
9.88
Total Expenses
$14,009
Cap Rate
7.71
Vacancy Rate
5
Total Number of Units
2
Unit Name
822
Potential Terms
Cash, Conventional, FHA, VA Loan
Year Built
1917
Roof
Composition
Electric Expenses
2560
Other Expenses
500
Energy Source
Electric
School District
Tacoma
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$74,400
Gross Scheduled Income
$74,400
Vacancy Rate
5
Gross Adjusted Income
$70,680
Tax Year
2026
Insurance Expense
$1,350
W/S/G Expenses
$2,900
Total Expenses
$14,009
Net Operating Income
$56,671
Gross Rent Multiplier
9.88
Cap Rate
7.71
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.
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