5209 S Orchard ST, Tacoma, WA 98467
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5209 S Orchard ST, Tacoma, WA 98467
5209 S Orchard ST, Tacoma, WA 98467
5209 S Orchard ST, Tacoma, WA 98467
5209 S Orchard ST, Tacoma, WA 98467
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John Durham

John Durham

+1(509) 705-5278
Listed by:Kidder Mathews • Brian Richardson
$ 895,000
Est. payment /mo
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5209 S Orchard ST Tacoma, WA 98467

8 Beds

4 Baths

3,664 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,664 sqft

Price per Sqft $244

Subdivision University Place

MLS Listing ID 2589131

Style 54 - 4-Plex

Bedrooms 8

HOA Fees $350/mo

Year Built 1981

Annual Tax Amount $10,335

Lot Size 0.258 Acres

Property Sub-Type Multi Family

Property Description

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

State WA

County Pierce

Area 33 - University Place

Interior

Fireplace false

Exterior

Exterior Feature Cement Planked, Wood Products

Garage Spaces 5.0

Amenities Available Cable TV, Deck, Patio

View Y/N Yes

View Partial, Territorial

Roof Type Composition

Building

Lot Description Cul-De-Sac, Dead End Street, Paved, Sidewalk

Sewer Sewer Connected

New Construction No

Schools

School District Tacoma

Others

Senior Community No

Acceptable Financing Cash, Lease Purchase, Owner Will Carry, VA Loan

Listing Terms Cash, Lease Purchase, Owner Will Carry, VA Loan

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

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John Durham

John Durham

Advisor

+1(509) 705-5278

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5209 S Orchard ST