5205 S Orchard Street, University Place, WA 98467

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.

Listing Status:

Active

Data Last Updated:

February 14, 2026 at 3:21AM

Listing Office:

Kidder Mathews : 360-705-2800

Listing Agent:

Brian Richardson : 360-705-2800

MLS ID:

2479266

Interior

• A/C: None
• Heating: Baseboard
• Fireplace: Fireplaces: 0

Exterior

• General: Wood Products
• Parking: Parking spaces: 4

Construction

• Roofing: Composition
• General: 54 - 4-PlexConcrete Ribbon

Location

• HOA Amenities: 350.0Monthly
• Originating MLS: nwmls
• School District: Tacoma
• County: Pierce

Lot

• Zoning: 6550700020

Utilities

• Sewer: Sewer Connected

Financial

• Source: nwmls