Property Details
4846 S 48th Street
Tacoma, WA 98409
$2,500,000
Active
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Property Overview
Orchard St Duplexes is a collection of four duplex buildings totaling eight residential units on just over an acre in a quiet Tacoma neighborhood near University Place. Each unit offers a spacious three-bedroom, two-bathroom layout of approximately 1,280 square feet across two stories, with in-unit washer and dryer, double-pane vinyl windows, and a private garage. Wood-frame construction built in the early 1990s. Convenient access to I-5, Highway 16, and Tacoma Mall Boulevard.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Pierce
Neighborhood
Central Tacoma
Listed
Jul 24, 2026
Structure Type
Multi Family
Parcel Number
0220246047
Tax & HOA
Annual Property Tax
$29,248 (2026)
Est. Monthly Tax
$2,437/mo
Financial Summary
Cap Rate
4.08%
Net Operating Income
$102,119
Gross Scheduled Income
$175,188
Gross Rent Multiplier
14.27
Total Expenses
$64,310
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
10,240
Leasable Area
10,240 sqft
Total Units
8
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
1.08 acres
Year Built
1992
Exterior & Lot
Lot Size
1.08 sqft
Year Built
1992
Garage
8 spaces
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Exterior Features
Wood Products
Community & Access
Directions
From I-5, take Exit 129 toward S 48th St / Tacoma Mall Blvd. Head west on S 48th St, past Tacoma Mall Blvd, and continue to the property on S 48th St near Orchard St.
Location
City
Tacoma
County
Pierce
Coordinates
47.21357, -122.50333
Additional Information
Tax Year
2026
Annual Taxes
$29,248
Possession
Array
Based on information submitted to the MLS GRID as of July 29, 2026 2:21 PM. 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, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information 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. Copyright 2026 NWMLS. All rights reserved.
