Tour
#2371808, Ryan Allie, Listing office: Redfin
#2385372·
Listing office: Liberty Real Estate, LLC·
Listing agent: Annie Bui·
Listing office phone: 206-772-5444
$599,995 List price
8040 Pacific Ave Tacoma, WA 98408
2,440 sqft
0.1 acres
$246 / sqft
House
Property details
About 8040 Pacific Ave
Situated in a vibrant neighborhood with easy access to shopping, dinings and essentials, this mixed-use property offers an excellent opportunity for any investor! Currently delivering a solid 10% cap rate, the building features five fully rented studio units and additional income from prominent street signage—a source of passive revenue. Its strategic location ensures easy connectivity to major retail hubs and top regional employers, including Joint Base Lewis-McChord (JBLM) and the growing South Sound healthcare sector, driving consistent tenant demand and stable occupancy. Take advantage of Tacoma’s affordability, economic momentum, and growing appeal—this is your chance to invest in a rising market with real long-term potential.
Highlights
HeatingBaseboard
StatusActive
Size2,440 sqft
Lot size0.1056 Acres
Year built1965
MLS #2385372
Summary
- Exterior: Brick, Wood, Wood Products
- Heating: Baseboard
- Cooling: None
- List Price: $599,995
- Price/SqFt: $245
- HOA Amount: $0
- Annual Tax Amount: $3,238
- Tax Year: 2024
- Directions: From I-5 south bound, take exit 130 to So. 56th St E, about 1.5miles, take right onto Pacific Ave S, the bldg is located on your right.
- Year Built: 1965
- Stories: 1
- Living Area: 2,440 SqFt
- Lot Size: 0.1056 Acres
- MLS Number: 2385372
- MLS Name: NWMLS
- Office Name: Liberty Real Estate, LLC
- Office Phone: (206) 772-5444
- Listing Agent: Annie Bui
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
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. Properties displayed may be listed or sold by various participants in the MLS.
DMCA Notice
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest Multiple Listing Service IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2025 Northwest MLS. All rights reserved.
DMCA Notice
Disclaimer: Information contained in this listing has not been verified by Rocket Homes Real Estate, LLC and should be verified by the buyer. All information deemed reliable but not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. All properties are subject to prior sale, change or withdrawal. Neither broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Days on site is calculated from the listing date of the current listing and includes the sum of market time from prior listings for the same property uninterrupted by a sale or more than 60 days off-market. Time off market, including time when a sale is pending, temporarily off market, etc. is not included. NorthwestMLS
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/14/2025, 9:32:28 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Sep 01, 2020 | Home Sold | $265,000 |
| Sep 30, 2009 | Home Sold | $250,000 |
| Sep 29, 2006 | Home Sold | $250,000 |
| Jun 27, 2002 | Home Sold | $264,092 |
| Jul 02, 1999 | Home Sold | $59,900 |
| Apr 26, 1995 | Home Sold | $58,359 |
| Jun 06, 1994 | Home Sold | $60,857 |
| Mar 02, 1993 | Home Sold | $62,500 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $290,500 | $3,238 |
| 2023 | $290,500 | $3,021 |
| 2022 | $264,500 | $3,037 |
| 2021 | $160,600 | $2,025 |
| 2020 | $160,600 | $2,186 |
| 2018 | $140,000 | $1,922 |
| 2017 | $121,400 | $1,922 |
History based on county public records data.
Nearby schools
6
Larchmont Elementary School
Public District PK-5
0.4 mi
•8601 E B St
6
Fern Hill Elementary School
Public District PK-5
0.4 mi
•8442 S Park Ave
4
Birney Elementary School
Public District PK-5
0.8 mi
•1202 S 76th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $41,757. Typical income of Tacoma, WA residents is between $35k-100k annually. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
41%
<35k
51%
35k-100k
9%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
52%
Single, No Kids
17%
Single, with Kids
19%
Married, No Kids
12%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
6%
12-17 yrs old
27%
18-34 yrs old
36%
35-64 yrs old
15%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
Where do the neighbors shop?
H&M
Burlington
Foot Locker
Where do the neighbors go to eat?
Boston Market
White Castle
Popeyes
What do the neighbors drive?
Honda
Kia
Nissan
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
Similar homes for sale
4 days on Rocket
#2403470, Craig Tuttle, Listing office: Realty One Group Turn Key
#2399217, Tammy Yao, Listing office: Windermere Real Estate/East
#2399220, Tammy Yao, Listing office: Windermere Real Estate/East
Tour
#2391195, Sharon Chambers-Gordon, Listing office: Windermere Central Sound
#2394964, Julie D. Hitchcock, Listing office: American Dream Realty, LLC
#2397579, Dara Foster, Listing office: John L. Scott, Inc.
#2376009, Sandra Padilla, Listing office: eXp Realty
#2396817, Kyle Lee, Listing office: Real Broker LLC
#2398453, Derek Bluhm, Listing office: Redfin
Frequently asked questions
Living in Tacoma, WA
Tacoma's transportation infrastructure supports both private and public transit options. The city's public transportation system includes buses that operate on a set schedule, connecting various neighborhoods and key areas. The region is also bike-friendly, with dedicated lanes and trails. Major highways and thoroughfares facilitate commuting and travel to and from the city. While ride-sharing services are available, they complement the existing transportation network, offering additional mobility solutions for residents and visitors.
The city is served by a comprehensive educational system, including a variety of public and private schools, catering to all levels of education. Healthcare is accessible through several hospitals and clinics offering a range of services from primary care to specialized treatments. Tacoma's public library system is extensive, providing residents with educational resources and community programs. Retail and dining options are plentiful, with an emphasis on local businesses that showcase the region's culture and flavors.
Tacoma is celebrated for its vibrant arts scene and waterfront charm. The community prides itself on a rich cultural identity, with numerous galleries, museums, and theaters contributing to the local ambiance. Annual events like the Tacoma Film Festival and the Taste of Tacoma festival reflect the city's love for arts and cuisine, fostering a sense of community among residents.
Tacoma's housing market is diverse, offering a range of options from historic homes to contemporary apartments. Single-family homes are prevalent, with a mix of architectural styles including Craftsman, Victorian, and mid-century modern. The market also includes a selection of condominiums and townhouses, appealing to various preferences and lifestyles. The homeownership rate in Tacoma is robust, with a significant portion of residents owning their homes, while the rest are engaged in the rental market.
About 8040 Pacific Ave
The listing price of 8040 Pacific Ave property is $599,995.
The property 8040 Pacific Ave is a house located in Tacoma, Washington, 98408.
Active Listing: 8040 Pacific Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 8040 Pacific Ave are: Larchmont Elementary School (GreatSchools Rating 6/10), Fern Hill Elementary School (GreatSchools Rating 6/10), Birney Elementary School (GreatSchools Rating 4/10), Baker Middle School (GreatSchools Rating 3/10), Ford Middle School (GreatSchools Rating 3/10), Stewart Middle School (GreatSchools Rating 3/10), Industrial Design Engineering and Art (GreatSchools Rating 6/10), Franklin Pierce High School (GreatSchools Rating 5/10), Washington High School (GreatSchools Rating 4/10).
According to the records, the last property tax for 2024 is $3,238 (source: MLS/based on county public records data).
The last sale was on September 1, 2020 for $265,000 (source: MLS/tax record).
The property at 8040 Pacific Ave has 0 bathroom.
The property 8040 Pacific Ave is 2,440 SqFt (source: MLS/tax record).
The year of construction for 8040 Pacific Ave is 1965.
This home is located at 8040 Pacific Ave in Tacoma, WA and zip code 98408. This 2,440 square foot home, which was built in 1965, sits on a 0.11 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since May 30, 2025 and is currently priced at $599,995.
While more than 120 listings in Tacoma, WA in June 2025 were sold above asking price, there were more than 93 listings sold at asking price, and more than 82 were sold below. The inventory of homes for sale in Tacoma, WA between May and June 2025 increased by 4.4%. In June 2025, listings were on the market for 26 days. During the same period, the median list price in this real estate market was $491,064.
From Rocket Homes Real Estate and based on county public records data.