5209 S Orchard Street · Tacoma, WA 98467
Source: NWMLS · Kidder Mathews · Brian Richardson #NWM2589131
About this home
FULL MARKETING PACKAGE IN SUPPLEMENTS. This Grand Terrace Fourplex features oversized 900 SF 2BR/1.0BA units with the kind of unit profile renters fight over. Each apartment includes in-unit washer/dryer, a dedicated single-car garage, and a storage locker. Location is a win being minutes to Hwy 16 & I-5, Tacoma Mall, and Village at Chambers Bay, plus walkable access to a major bus route and daily-need amenities. In-place rents average $1,650/mo with clear mark-to-market upside supported by nearby 2-Bedroom rent comps averaging $2,115. Stabilized cap rate of 6.5% cap and market cap rate of 7.8%.
Location
Basics
- Property type
- Multi Family
- Style
- 4-Plex
- Stories
- 3 stories
- Year built
- 1981 (renovated 1995)
- Building area
- 3,664 sq ft
- Lot size
- 11,220 sq ft (0.26 acres)
- County
- Pierce
- MLS #
- NWM2589131
Interior
- Heating
- Baseboard
- Cooling
- None
Exterior & lot
- Exterior features
- Cement Planked, Wood Products
- Roof
- Composition
- Foundation
- Concrete Ribbon
- Lot features
- Cul-De-Sac, Dead End Street, Paved, Sidewalk
- View
- Partial, Territorial
- Waterfront
- No
Parking
- Parking spaces
- 5
- Garage
- 5
- Covered spaces
- 5
Utilities
- Sewer
- Sewer Connected
- Power
- Electric
Community & fees
- Subdivision
- University Place
- HOA dues
- $350/mo
- Property tax
- $10,335 (2026)
Transaction
- Listed on
- Sep 30, 2026
- Days active
- 26
- Listing terms
- Cash, Lease Purchase, Owner Will Carry, VA Loan
- Possession
- Closing, Subject To Tenant Rights
More homes nearby
Schools
School district: Tacoma
- High
- Foss High SchoolTop 98% in WA
Listing provided courtesy of: Kidder Mathews
Listing agent: Brian Richardson.
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 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. Information is deemed reliable but not guaranteed.
Data last updated 2026-10-07.