For Sale7d on market
5201 - 5215 S Orchard Street
University Place, WA, 98467 • South Tacoma • Pierce County
$5,500,000
$306/sqft
40Beds
20Baths
18,000Sqft
1.4 acLot
1981Built
Property DNA
Territorial Views
Territorial
10+ Units Style
Built 1981 · 45 years of history
Manitou
South Tacoma
This home is getting attention
Listed 7 days ago · 383 views · 9 saves
Market activity
Demand and pricing signals for this listing
383 views
People checking out this listing
9 saves
Buyers have saved this home
7 days on market
Just listed — act fast
$306/sqft
Price per square foot
About this home
Multi Family · Built 1981
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.
Estimated monthly payment
Based on current rates
$34,248/month
Principal & Interest$26,914
Property Tax$5,500
Insurance$1,833
Down payment20% ($1,100,000)
3%50%
Est. 6.19% rate · 30yr fixed · $4,400,000 loan
Full calculator →At a glance
Key facts and listing details
TypeMulti Family
Year Built1981
HeatingBaseboard, Electric
CoolingNone
Parking40 Covered Parking spaces
Days on Zillow7 Days
Price/sqft$306
Property
Home typeMulti Family
Sub-typeMulti Family
Style10+ Units
ConditionGood
Year built1981
Systems
HeatingBaseboard, Electric
CoolingNone
RoofComposition
ConstructionWood Products
Water / SewerCompany: Tacoma Public Utilities / Sewer Connected, Company: City of Tacoma
Parking & Outdoor
ParkingGarage
Garage20 spaces
Lot1.45 Acres
Location & Tax
NeighborhoodSouth Tacoma
Annual tax$49,534
Parcel6550700010
Features & details
8 categories of property features
Interior Features
Flooring
Vinyl
Carpet
Heating
Baseboard
Electric
Cooling
None
Exterior Features
Parking
Garage
Construction
Wood Products
Lot Features
Dead End Street
Open Lot
Paved
Sidewalk
Cable TV
Fenced-Partially
Gas Available
High Speed Internet
Patio
Views
Territorial
Utilities
Comcast Xfinity
Comcast Xfinity
Listing insights
Market data and value estimates
StatusFor Sale
Days on market7
Tax rate0.88%
Price/sqft$306
On marketMar 30, 2026
PostedMar 31, 2026
MLS statusActive
MLS updatedMar 31, 2026
Tour days9
Views383
Favorites9
How are the schools in University Place?
3 schools rated nearby
Location
University Place, WA, 98467
Price history
1 event
DateEventPrice$/sqftSource
Mar 31, 2026Listed For Sale$5,500,000$306NWMLS as distributed by MLS GRID
Listed For Sale$5,500,000
Mar 31, 2026•$306/sqft•NWMLS as distributed by MLS GRID
Nearby homes
Neighborhood details
Local context around this listing
University Place, WA • Pierce County
Nearby neighborhoods
Browns PointCentralDash PointEastside-ENACTNew TacomaNorth EndNortheast TacomaSouth EndSouth TacomaWest End
Nearby cities
Bonney LakeEnumclawGig HarborGrahamLakewoodParklandPuyallupSpanaway
Nearby zip codes
98403984049840598406984079840898409984189842298444
Based on information submitted to the MLS GRID as of 2026-04-07 16:58:52 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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. [Click here for more information](/mls-disclaimers/#39)
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