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4846 S 48th St
Tacoma, WA 98409
Orchard St Duplexes · Multifamily Property For Sale
·
8 Units
Investment Highlights
- First time to market opportunity to acquire the Orchard St Duplexes, a rare collection of four duplex buildings totaling 8 residential units in Tacoma
- Desirable large floor plans averaging approximately 1,200 square feet per unit, offering significantly more living space than traditional apartment un
- Strong demand for three-bedroom rental housing in Tacoma, appealing to families and tenants seeking larger living spaces
- Four duplex buildings totaling 8 units, each featuring spacious 3-bedroom 2-bathroom layouts designed for comfortable residential living
- Residential style duplex configuration creating a neighborhood living environment with strong tenant appeal and long-term occupancy stability
Executive Summary
Orchard St Duplexes is a collection of four duplex buildings totaling eight residential units on just over an acre in a quiet Tacoma neighborhood near University Place. Each unit offers a spacious three-bedroom, two-bathroom layout of approximately 1,280 square feet across two stories, with in-unit washer and dryer, double-pane vinyl windows, and a private garage. Wood-frame construction built in the early 1990s. Convenient access to I-5, Highway 16, and Tacoma Mall Boulevard.
Property Facts
| Price Per Unit | $312,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.08 AC |
| Cap Rate | 4.08% | Building Size | 10,240 SF |
| Gross Rent Multiplier | 14.27 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1991 |
| Property Subtype | Apartment | ||
| Zoning | R3 - Residential | ||
| Price Per Unit | $312,500 |
| Sale Type | Investment |
| Cap Rate | 4.08% |
| Gross Rent Multiplier | 14.27 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 1.08 AC |
| Building Size | 10,240 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1991 |
| Zoning | R3 - Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 8 | $1,825 | 1,280 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,835,800 | |
| Land Assessment | $899,600 | Total Assessment | $2,735,400 |
Property Taxes
Parcel Numbers
Land Assessment
$899,600
Improvements Assessment
$1,835,800
Total Assessment
$2,735,400
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