Grande Terrace is a well-maintained 20-unit multi-family investment consisting of five 4-unit complexes with 2-bed/1-bath floor plans. This property is fully occupied with a stable tenant base and strong cash flow. The property is in excellent condition with recently replaced water tanks and heaters, no outstanding maintenance issues, and minimal owner responsibilities since tenants cover all utilities. This is an ideal turnkey investment for investors seeking passive income and reliable returns in the Tacoma market.
Active
Listed by: VPMG Property Management • Avenir Gedarevich
$5,500,000
5201 - 5215 S Orchard Street, Tacoma, WA 98467
40beds
20baths
18,000sqft
:
Get pre-qualified$34,947/mo
Multi Family
Built in 1981
-- sqft lot
$-- Zestimate®
$306/sqft
$-- HOA
What's special
- 117 days |
- 240 |
- 8 |
Zillow last checked:
Listing updated:
Listed by:
Avenir Gedarevich,
VPMG Property Management
Source: NWMLS as distributed by MLS GRID,MLS#: 2495107
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 40
- Bathrooms: 20
Heating
- Baseboard, Electric
Cooling
- None
Features
- Flooring: Vinyl, Carpet
- Has fireplace: No
Interior area
- Total structure area: 18,000
- Total interior livable area: 18,000 sqft
Property
Parking
- Total spaces: 40
- Parking features: Garage
- Garage spaces: 20
- Carport spaces: 20
- Covered spaces: 40
- Uncovered spaces: 20
Features
- Has view: Yes
- View description: Territorial
Lot
- Size: 1.45 Acres
- Features: Dead End Street, Open Lot, Paved, Sidewalk, Cable TV, Fenced-Partially, Gas Available, High Speed Internet, Patio
Details
- Parcel number: 6550700010
- Zoning description: Multi-Family
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: 10+ Units
- Property subtype: Multi Family
Materials
- Wood Products
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Good
- Year built: 1981
- Major remodel year: 1981
Utilities & green energy
- Electric: Company: Tacoma Public Utilities
- Sewer: Sewer Connected, Company: City of Tacoma
- Water: Company: Tacoma Public Utilities
- Utilities for property: Comcast Xfinity, Comcast Xfinity
Community & HOA
Community
- Subdivision: Manitou
Location
- Region: University Place
Financial & listing details
- Price per square foot: $306/sqft
- Annual tax amount: $49,534
- Date on market: 3/30/2026
- Cumulative days on market: 118 days
- Listing terms: Conventional
Estimated market value
Not available
Estimated sales range
Not available
$1,793/mo
Price history
| Date | Event | Price |
|---|---|---|
| 3/31/2026 | Listed for sale | $5,500,000$306/sqft |
Source:  NWMLS as distributed by MLS GRID #2495107 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: South Tacoma
Nearby schools
GreatSchools rating
- 4/10Edison Elementary SchoolGrades: PK-5Distance: 1.5 mi
- 3/10Gray Middle SchoolGrades: 6-8Distance: 0.9 mi
- 2/10Foss High SchoolGrades: 9-12Distance: 2.1 mi
Schools provided by the listing agent
- Elementary: Manitou Park
- Middle: Gray
- High: Mt Tahoma
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
