Sold

Listed by: Theory Real Estate • Ronald Dudley

Bought with: Theory Real Estate

$580,000

3510 S 40th Street #1-3, Tacoma, WA 98409

3beds

3baths

1,650sqft

Triplex, Multi Family

Built in 1988

-- sqft lot

$580,200 Zestimate^®

$352/sqft

$2,219 Estimated rent

Home value

$580,200

$545,000 - $615,000

$2,219/mo

Zestimate^® history

Owner options

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$2,219/mo

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$2,219/mo

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$3,592/mo

Est. payment

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$3,592/mo

Est. payment

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What's special

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!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 3

Heating

Wall Furnace, Electric

Cooling

None

Features

Flooring: Vinyl Plank
Has fireplace: No

Interior area

Total structure area: 1,650
Total interior livable area: 1,650 sqft

Property

Parking

Total spaces: 6
Parking features: Garage, Open
Garage spaces: 3
Uncovered spaces: 3

Features

Has view: Yes
View description: Territorial

Lot

Size: 4,870 Square Feet
Features: Curbs, Paved, Sidewalk, High Speed Internet

Details

Parcel number: 2890000512
Zoning description: Residential,Jurisdiction: City
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Tri-plex
Property subtype: Triplex, Multi Family

Materials

Wood Products
Foundation: Block, Poured Concrete
Roof: Composition

Condition

Good
Year built: 1988

Utilities & green energy

Electric: Company: TPU
Sewer: Sewer Connected, Company: TPU
Water: Public, Company: TPU

Community & HOA

Community

Subdivision: South Tacoma

Location

Region: Tacoma

Financial & listing details

Price per square foot: $352/sqft
Tax assessed value: $503,600
Annual tax amount: $5,482
Date on market: 3/8/2026
Cumulative days on market: 136 days
Listing terms: Conventional,FHA,State Bond,VA Loan

Price history

Date	Event	Price
4/22/2026	Sold	$580,000+0.9%$352/sqft
Source: NWMLS as distributed by MLS GRID #2410056 Report a problem
4/22/2026	Pending sale	$574,950$348/sqft
Source: NWMLS as distributed by MLS GRID #2410056 Report a problem
2/5/2026	Listed for sale	$574,950$348/sqft
Source: NWMLS as distributed by MLS GRID #2410056 Report a problem
8/15/2025	Pending sale	$574,950$348/sqft
Source: NWMLS as distributed by MLS GRID #2410056 Report a problem
7/19/2025	Listed for sale	$574,950+53.3%$348/sqft
Source: NWMLS as distributed by MLS GRID #2410056 Report a problem
7/21/2021	Sold	$375,000+161.5%$227/sqft
Source: Public Record Report a problem
8/21/2009	Sold	$143,400-18.1%$87/sqft
Source: Public Record Report a problem
6/5/2009	Sold	$175,000-25.8%$106/sqft
Source: Public Record Report a problem
8/2/2007	Sold	$236,000-37%$143/sqft
Source: Public Record Report a problem
8/31/2005	Sold	$374,500$227/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$5,482 +6%	$503,600 +8.4%
2023	$5,172 +8.1%	$464,600 +0.8%
2022	$4,785 +20.2%	$460,700 +32.8%
2021	$3,979 +28.1%	$346,800 +34.2%
2019	$3,107 +10.3%	$258,400 +8.2%
2018	$2,816 +11%	$238,900 +34.1%
2017	$2,538 +21.8%	$178,100 +28.7%
2016	$2,083	$138,400 +15.6%
2014	$2,083 +3.4%	$119,700 +18%
2013	$2,015	$101,400 -11.6%
2012	--	$114,700 -10.3%
2011	--	$127,900 -9.6%
2010	--	$141,500 -34.1%
2002	$3,697 +4%	$214,700 -0.6%
2001	$3,556	$215,900 +6.5%
2000	$3,556	$202,700