Property Details
5201 – 5215 S Orchard Street
Tacoma, WA 98467
$5,500,000
Active
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Property Overview
Grande Terrace is a well-maintained 20-unit multi-family investment consisting of five 4-unit complexes with 2-bed/1-bath floor plans. This property is fully occupied with a stable tenant base and strong cash flow. The property is in excellent condition with recently replaced water tanks and heaters, no outstanding maintenance issues, and minimal owner responsibilities since tenants cover all utilities. This is an ideal turnkey investment for investors seeking passive income and reliable returns in the Tacoma market.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Pierce
Neighborhood
Manitou
Listed
Mar 31, 2026
Financial Summary
Cap Rate
5.50%
Net Operating Income
$303,656
Gross Scheduled Income
$370,680
Gross Rent Multiplier
370,680.00
Total Expenses
$68,024
Building & Use
Building Sq Ft
18,000
Leasable Area
180,000 sqft
Total Units
20
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
1.45 acres
Year Built
1981
Exterior & Lot
Lot Size
1.45 sqft
Year Built
1981
Garage
20 spaces
Exterior Materials
Wood
Sewer
Sewer Connected
Lot Features
Dead End Street, Open Space, Paved, Sidewalk
Exterior Features
Wood Products
Location
City
Tacoma
County
Pierce
Coordinates
47.20998, -122.50487
Additional Information
Tax Year
2025
Annual Taxes
$49,534
Possession
Array
Based on information submitted to the MLS GRID as of April 25, 2026 5:10 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.
