5201 - 5215 S Orchard Street, Tacoma, WA 98467
- $5,500,000
- 18,000
- SqFt
Listing courtesy of VPMG Property Management.
- List Price
- $5,500,000
- Status
- ACTIVE
- MLS#
- 2495107
- Days on Market
- 117
- Style
- 56 - 10+ Units
- Building Condition
- Good
- Finished SqFt
- 18,000
- Area Total SqFt
- 18000
- Annual Tax Ammount
- 49534
- Internet Provider
- Comcast Xfinity
- Lot Size (sq ft)
- 63,160
- Sewer
- Sewer Connected
Property Description
Grande Terrace is a well-maintained 20-unit multi-family investment consisting of five 4-unit complexes with 2-bed/1-bath floor plans. This property is fully occupied with a stable tenant base and strong cash flow. The property is in excellent condition with recently replaced water tanks and heaters, no outstanding maintenance issues, and minimal owner responsibilities since tenants cover all utilities. This is an ideal turnkey investment for investors seeking passive income and reliable returns in the Tacoma market.
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Additional Information
- List Date
- 2026-03-31 17:59:13
- Community
- Manitou
- Net Operating Income
- $303,656
- Gross Adjusted Income
- $370,680
- Gross Scheduled Income
- $370,680
- Total Monthly Income
- $370,680
- Insurance Expenses
- $18,490
- Gross Rent Multiplier
- 370680
- Total Expenses
- $68,024
- Cap Rate
- 5.5
- Total Number of Units
- 20
- Unit Name
- 5201 - 5215
- Potential Terms
- Cash, Conventional
- Year Built
- 1981
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Partially, Gas Available, High Speed Internet, Patio
- Energy Source
- Electric
- School District
- Tacoma
- Elementary School
- Manitou Park
- Middle School
- Gray
- High School
- Mt Tahoma
- Total Monthly Income
- $370,680
- Gross Scheduled Income
- $370,680
- Gross Adjusted Income
- $370,680
- Tax Year
- 2025
- Insurance Expense
- $18,490
- Total Expenses
- $68,024
- Net Operating Income
- $303,656
- Gross Rent Multiplier
- 370680
- Cap Rate
- 5.5
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.