Listing provided courtesy of VPMG Property ManagementNWMLSas Distributed by MLSGrid- MLS# NWM2495107
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Request Info5201 - 5215 S Orchard StreetTacoma, WA 98467
Multi-Family · 40 Beds · 18,000 Sq. ft. | 1.45 Acres$5,500,000
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5201 - 5215 S Orchard Street Overview
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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.
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5201 - 5215 S Orchard Street Facts & Features
- Type Multi-Family
- Sq. ft. 18,000
- Price/Sq.ft. $306
- Lot 1.45 Acres
Details
General
Association/HOA
- Association Fee: $0.00
School Information
- School District: Tacoma
- Elementary School: Manitou Park
- Middle Or Junior School: Gray
- High School: Mt Tahoma
Income/Expenses
- Other Expense: 0
- Electric Expense: 0
- Fuel Expense: 0
- Gross Scheduled Income: 370680
- Insurance Expense: 18490
- Net Operating Income: 303656
- Total Expenses: 68024
- Total Monthly Income: 370680
- Water/Sewer/Garbage: 0
Building Information
- Building Name: Grand Terrace
- New Construction: No
- Year Built: 1981
Location/Region
- Country: US
- County Or Parish: Pierce
- MLS Area Major: 45 - South Tacoma
- Subdivision Name: Manitou
Tax Information
- Tax Annual Amount: $49,534.00
- Tax Year: 2025
General Information
- Listing Terms: Cash, Conventional
- Parcel Number: 6550700010
- Possible Use: Multi-Family
- Property Condition: Good
- Property Sub Type: Multi Family
- Property Type: Residential Income
- Senior Community: No
- Special Listing Conditions: None
Interior
Parking Information
- Garage Spaces: 20
Beds/Baths
- Bedrooms Upper: 0
Building Interior
- Building Area Total: 18000
- Building Area Units: Square Feet
- Calculated Square Footage: 18000
- Square Footage Finished: 0
- Square Footage Unfinished: 0
General Information
- Cooling: No
- Fireplace: No
- Fireplaces Total: 0
- Flooring: Vinyl, Carpet
- Foundation Details: Poured Concrete
- Heating: Yes
- Leasable Area: 180000
- Living Area: 0
- Main Level Bathrooms: 0
- Power Production Type: Electric
- Security Features: Partially Fenced
- Stories Total: 2
Exterior
Parking Information
- Open Parking: No
- Parking Total: 40
- Parking Uncovered Total: 20
Lot Information
- Irrigation Water Rights: No
- Lot Features: Dead End Street, Open Space, Paved, Sidewalk
- Lot Size Acres: 1.45
- Lot Size Square Feet: 63160
- Lot Size Units: Square Feet
- Site Features: Cable TV, Fenced-Partially, Gas Available, High Speed Internet, Patio
- Elevation Units: Feet
Waterfront/View
- Waterfront: No
Building Exterior/Construction
- Roof: Composition
- Structure Type: Multi Family
General Information
- Carport Spaces: 20
- Carport: No
- Covered Spaces: 20
- Exterior Features: Wood Products
- Number Of Units Total: 20
- Sewer: Sewer Connected
Unit Information
Unit 1 Details
- Actual Rent: 1500
- Beds Total: 2
- Baths Total: 1
Unit 2 Details
- Actual Rent: 1500
- Beds Total: 2
- Baths Total: 1
Unit 3 Details
- Actual Rent: 1500
- Beds Total: 2
- Baths Total: 1
Unit 4 Details
- Actual Rent: 1500
- Beds Total: 2
- Baths Total: 1
Unit 5 Details
- Actual Rent: 1500
- Beds Total: 2
- Baths Total: 1
Unit 6 Details
- Actual Rent: 1500
- Beds Total: 2
- Baths Total: 1
Unit 7 Details
- Actual Rent: 1500
- Beds Total: 2
- Baths Total: 1
Unit 8 Details
- Actual Rent: 1500
- Beds Total: 2
- Baths Total: 1
Unit 9 Details
- Actual Rent: 1500
- Beds Total: 2
- Baths Total: 1
Unit 10 Details
- Actual Rent: 1500
- Beds Total: 2
- Baths Total: 1
Unit 11 Details
- Actual Rent: 1500
- Beds Total: 2
- Baths Total: 1
Unit 12 Details
- Actual Rent: 1500
- Beds Total: 2
- Baths Total: 1
Unit 13 Details
- Actual Rent: 1500
- Beds Total: 2
- Baths Total: 1
Unit 14 Details
- Actual Rent: 1500
- Beds Total: 2
- Baths Total: 1
Unit 15 Details
- Actual Rent: 1500
- Beds Total: 2
- Baths Total: 1
Unit 16 Details
- Actual Rent: 1500
- Beds Total: 2
- Baths Total: 1
Unit 17 Details
- Actual Rent: 1500
- Beds Total: 2
- Baths Total: 1
Unit 18 Details
- Actual Rent: 1500
- Beds Total: 2
- Baths Total: 1
Unit 19 Details
- Actual Rent: 1500
- Beds Total: 2
- Baths Total: 1
Unit 20 Details
- Actual Rent: 1500
- Beds Total: 2
- Baths Total: 1
5201 - 5215 S Orchard Street Neighborhood
Community
98467 (TACOMA) Demographics
40
Median Age
1,886
Population Density (per sq. mile)
53%
College Educated
$76,904
Estimated Median Income
3,658
Estimated Total Home Owners
2,455
Estimated Total Renters
60% / 40%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.5201 - 5215 S Orchard Street Monthly Cost
5201 - 5215 S Orchard Street Market Data
Based on the last 30 days in this zip code
$709,347
Average List Price
$339
Average Price per Square Foot
16
Properties Sold
95
Average Days on Market
50
Properties for Sale
5201 - 5215 S Orchard Street History
| Date | Value | Agent |
|---|---|---|
| 3/31/2026Source: NWMLS | March 31, 2026 |