5209 S Orchard Street in Tacoma
| Listing ID: | 2589131 (Multi-Family) |
|---|---|
| Listing Price: | $860,000 |
| Days on Market: | 26 |
Details | |
| Bed / Bath: | 0.00 / 0.00 |
| Lot Size: | 0.26 acre (11,220 sqft) |
FULL MARKETING PACKAGE IN SUPPLEMENTS. This Grand Terrace Fourplex features oversized 900 SF 2BR/1.0BA units with the kind of unit profile renters fight over. Each apartment includes in-unit washer/dryer, a dedicated single-car garage, and a storage locker. Location is a win being minutes to Hwy 16 & I-5, Tacoma Mall, and Village at Chambers Bay, plus walkable access to a major bus route and daily-need amenities. In-place rents average $1,650/mo with clear mark-to-market upside supported by nearby 2-Bedroom rent comps averaging $2,115. Stabilized cap rate of 6.8% cap and market cap rate of 8.8%.
This listing is provided courtesy of NWMLS.
Listing Broker: Kidder Mathews; Brian Richardson.
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