Presented by: Kidder Mathews and NWMLS
Property Description
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 6.5% cap and market cap rate of 7.8%.
Interior Features
Bedrooms
Bedrooms Upper0
Bathrooms
Baths Full Upper0
Baths Half Upper0
Baths Three Quarter Upper0
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces0
Total Stories3
General
Assoc Fee Paid PerMonthly
Building Area Units0 sqft
Cap Rate6.5
Carport Spaces5
Carport Y/NNo
CityTacoma
CoolingNone
CountyPierce
DirectionsFrom I-5 - take exit 130 to S 56th St. Follow 56th St west to Orchard St. Turn right onto Orchard St. Property will be on right hand side in Grande Terrace community
Electric Expense0
Fuel Expense0
Garage Spaces5
HOAYes
HOA Fee$350
HeatingBaseboard
High School DistrictTacoma
Insurance Expense4318
Leasable Area5,584 sqft
Listing TermsCash, Lease Purchase, Owner Will Carry, VA Loan
Living Area0 sqft
Lot Size Square Feet11,220 sqft
Lot Size UnitsSquare Feet
MLS Area33 - University Place
NWM_ShowMapLinkY
Net Operating Income63695
New ConstructionNo
Number Of Units Total4
PossessionClosing, Subject To Tenant Rights
Property Style54 - 4-Plex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksFULL 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/d
RoofComposition
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeQuadruplex
Subdivision NameUniversity Place
Tax Annual Amount$10,335
Tax Year2026
Units Below Gradefalse
Units In Building Total4
ViewPartial, Territorial
Water Sewer Garbage8000
Year Built1981
Exterior
Building Area Total3,664 sqft
Covered Spaces5
Exterior AmenitiesCement Planked, Wood Products
Foundation DetailsConcrete Ribbon
Irrigation Water Rights Y/NNo
Lot FeaturesCul-De-Sac, Dead End Street, Paved, Sidewalk
Lot Size Acres0.2576
Site FeaturesCable TV, Deck, Patio
Total Parking5
Waterfront Y/NNo
Additional Details
Price History
Schools
Elementary School
N/A
Middle School
N/A
High School
N/A
Similar Properties
Planting a secure future for ALL people.
Contact
914 15th St #1
Anaccortes, WA 98221
Anaccortes, WA 98221