5205 S Orchard Street, University Place, WA 98467
- $850,000
- 3,664
- SqFt
Listing courtesy of Kidder Mathews. Selling Office: Kelly Right RE of Seattle LLC.
- Sold Price
- $850,000
- List Price
- $850,000
- Status
- SOLD
- MLS#
- 2479266
- Closing Date
- Mar 31, 2026
- Days on Market
- 21
- Style
- 54 - 4-Plex
- Finished SqFt
- 3,664
- Area Total SqFt
- 3664
- Annual Tax Ammount
- 10527
- Lot Size (sq ft)
- 11,377
- Sewer
- Sewer Connected
Property Description
This Grand Terrace community fourplex features oversized 894 SF 2BR/1BA 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 $1,725/mo with clear mark-to-market upside supported by nearby 2BR/1BA rent comps averaging $2,115. In-place 6.95% cap and 8.41% pro forma cap.
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Additional Information
- List Date
- 2026-03-10 00:00:00
- Community
- University Place
- Net Operating Income
- $59,071
- Gross Adjusted Income
- $78,660
- Gross Scheduled Income
- $82,800
- Total Monthly Income
- $6,900
- Insurance Expenses
- $4,318
- Gross Rent Multiplier
- 10.27
- Total Expenses
- $19,590
- Cap Rate
- 6.98
- Vacancy Rate
- 5
- Total Number of Units
- 4
- Unit Name
- 5205
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1981
- Roof
- Composition
- Site Features
- Cable TV, Deck, High Speed Internet, Patio
- Electric Expenses
- 545
- Other Expenses
- 4200
- Energy Source
- Electric
- School District
- Tacoma
- Total Monthly Income
- $6,900
- Gross Scheduled Income
- $82,800
- Vacancy Rate
- 5
- Gross Adjusted Income
- $78,660
- Tax Year
- 2025
- Insurance Expense
- $4,318
- Total Expenses
- $19,590
- Net Operating Income
- $59,071
- Gross Rent Multiplier
- 10.27
- Cap Rate
- 6.98
Based on information submitted to the MLS GRID as of . 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 noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.