Bought with: Kelly Right RE of Seattle LLC
$850,000
$850,000
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5205 S Orchard ST University Place, WA 98467
8 Beds
4 Baths
3,664 SqFt
Key Details
Sold Price $850,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,664 sqft
Price per Sqft $231
Subdivision University Place
MLS Listing ID 2479266
Sold Date 03/31/26
Style 54 - 4-Plex
Bedrooms 8
HOA Fees $350/mo
Year Built 1981
Annual Tax Amount $10,527
Lot Size 0.261 Acres
Property Sub-Type Multi Family
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.
Location
State WA
County Pierce
Area 33 - University Place
Interior
Fireplace false
Exterior
Exterior Feature Wood Products
Garage Spaces 5.0
Amenities Available Cable TV, Deck, High Speed Internet, Patio
View Y/N No
Roof Type Composition
Building
Lot Description Dead End Street, Paved, Secluded, Sidewalk
Sewer Sewer Connected
New Construction No
Schools
School District Tacoma
Others
Senior Community No
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
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