5209 S Orchard Street, Tacoma, WA 98467 (MLS # 2589131)
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Listing provided courtesy of Northwest MLS<BR>Listing Broker: Kidder Mathews ; Brian Richardson; 360-705-2800 ; [email protected]
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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%.
| LAST UPDATED | 10/20/2026 | TRACT | University Place |
|---|---|---|---|
| YEAR BUILT | 1981 | COMMUNITY | University Place |
| GARAGE SPACES | 5.0 | COUNTY | Pierce |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| PRICE HISTORY | |
| Prior to Oct 20, '26 | $895,000 |
|---|---|
| Oct 20, '26 - Today | $860,000 |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| AREA | 33 - University Place |
| CONSTRUCTION | Cement Siding |
| GARAGE | Yes |
| HEAT | Baseboard, Electric |
| HOA DUES | 350 |
| LOT | 0.2576 acre(s) |
| LOT DESCRIPTION | Cul-de-sac, Dead End Street, Paved, Sidewalk |
| MLS STATUS | Active |
| STORIES | 3 |
| STYLE | 54 - 4-Plex |
| SUBDIVISION | University Place |
| TAXES | 10335 |
| UTILITIES | Cable Available, Sewer Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Territorial |
| SATELLITE VIEW |
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Properties with the 
icon are courtesy of Northwest MLS.
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 10/30/26 2:12 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.
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