Property Details

4860 S 48th St
Tacoma, WA 98409
$2,500,000
CBA# 715415 courtesy of CBA Listing firm: Paragon Real Estate Advisors

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4860 S 48th St, Tacoma

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Commercial
Property Type
10,240
Bldg Sq Ft
8
Units
4.00%
Cap Rate
1992
Year Built

Property Overview

Orchard St Duplexes is a first-time-to-market offering of four duplex buildings totaling eight residential units along South 48th Street in Tacoma, near the desirable University Place submarket. Every residence is a spacious 3-bedroom, 2-bathroom layout averaging approximately 1,280 square feet, significantly more living space than a traditional apartment. Built in the early 1990s with durable wood-frame construction, the units feature individual metering, in-unit washer and dryer, double-pane vinyl windows, and garage parking. The portfolio sits on more than one acre across four separate tax parcels in a quiet residential corridor with convenient access to Interstate 5, Highway 16, and Tacoma Mall Boulevard. With strong demand for larger three-bedroom rentals and current rents well below market, the offering provides a stable multifamily asset with meaningful rental upside.

Property Details

Property Information

Property Type Commercial Sale
Status Available
County Pierce
Listed Jul 17, 2026

Financial Summary

Cap Rate 4.00%

Building & Use

Building Sq Ft 10,240
Leasable Area 10,240 sqft
Total Units 8
Zoning R3-STGPD
Possible Use Multi-Family
Year Built 1992

Exterior & Lot

Year Built 1992

Location

City Tacoma
County Pierce
Coordinates 47.21350, -122.50400
Listed By
Tanner Fogle
Paragon Real Estate Advisors

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