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