Four Duplex Residential
4846 48TH Tacoma, WA 98409
For Sale
$2,500,000
Four duplex buildings totaling eight units offer three-bedroom, two-bath layouts with in-unit laundry and private garages.
Property Size10,240 SF
Price / SF$244.14
Days on Market10
Property Features for 4846 48TH
General Information
Standard status
Active
Size
10,240 SF
Property subtype
Multi-family
Building Details
Year Built
1992
Listing Agency:
Paragon Real Estate Advisors
Listed By:
Tanner Fogle
(253) 604-6000
Source:
Skylineproperties
Added: Jul 21
Changed: Jul 28
Last Checked: Jul 29 at 4:58PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Paragon Real Estate Advisors
Investment Insights
Based on property information with market context.
Orchard St Duplexes includes four duplex buildings totaling eight residential units on just over an acre. Each unit features a spacious three-bedroom, two-bathroom layout over two stories, with in-unit washer and dryer, double-pane vinyl windows, and a private garage. The wood-frame buildings were constructed in the early 1990s.
The property is located in a quiet Tacoma neighborhood near University Place, with convenient access to I-5, Highway 16, and Tacoma Mall Boulevard.
This configuration provides multiple separate residential units within a single duplex-building portfolio, offering a consistent unit layout across the eight homes.
The property is located in a quiet Tacoma neighborhood near University Place, with convenient access to I-5, Highway 16, and Tacoma Mall Boulevard.
This configuration provides multiple separate residential units within a single duplex-building portfolio, offering a consistent unit layout across the eight homes.
Key Highlights
- Four duplex buildings with 8 total residential units
- 1992 wood‑frame construction; just over 1 acre in a quiet Tacoma neighborhood near University Place
- Each unit offers ~1,280 SF across two stories with a 3‑bedroom, 2‑bath layout
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $202.8k | $19.80 |
| − Vacancy | −$10.0k | −$0.98 |
| EGI | $192.7k | $18.82 |
| − OpEx | −$57.8k | −$5.65 |
| NOI | $134.9k | $13.18 |
10,240 SF · lease $19.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.93M
$1.69M – $2.25M
NOI $134,915 @ 7.0% cap · market cap 5.40%
Second Best
Apartment 5plus
$1.67M
$1.47M – $1.95M
NOI $117,247 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$3.15M
$2.75M – $3.67M
NOI $220,324 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Four duplex buildings totaling eight units offer three-bedroom, two-bath layouts with in-unit laundry and private garages.
Where is this apartment building located?
The property is located at 4846 48TH Tacoma, WA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Four duplex buildings with 8 total residential units; 1992 wood‑frame construction; just over 1 acre in a quiet Tacoma neighborhood near University Place; Each unit offers ~1,280 SF across two stories with a 3‑bedroom, 2‑bath layout
