Duplex Portfolio with Garage
4860 48th St Tacoma, WA 98409
New
4860 48th St, Tacoma, WA, 98409
$2,500,000
For Sale
$2,500,000
Portfolio includes four duplex buildings totaling eight 3-bedroom, 2-bath units with in-unit washer/dryer and garage parking.
Property Size10,240 SF
Price / SF$244.14
Days on Market5
Property Features for 4860 48th St
General Information
- Standard status
- Active
- Size
- 10,240 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1992
Listing agency
PARAGON REAL ESTATE ADVISORS
Listed by
TANNER FOGLE
Source
Corcoran
Added: Jul 18 Updated: Jul 21 at 7:42PM Checked: Jul 22 at 8:14AM
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 is a first-time-to-market portfolio of four duplex buildings totaling eight residential units. Each unit offers a spacious 3-bedroom, 2-bath layout, built in the early 1990s with wood-frame construction. Residents benefit from individual metering, in-unit washer and dryer, double-pane vinyl windows, and garage parking.
The portfolio is located along South 48th Street in Tacoma, in a quiet residential corridor with convenient access to Interstate 5, Highway 16, and Tacoma Mall Boulevard. The property sits on more than one acre across four separate tax parcels.
As a residential income offering, the asset is positioned for demand from larger three-bedroom rentals, with rents noted as currently below market.
The portfolio is located along South 48th Street in Tacoma, in a quiet residential corridor with convenient access to Interstate 5, Highway 16, and Tacoma Mall Boulevard. The property sits on more than one acre across four separate tax parcels.
As a residential income offering, the asset is positioned for demand from larger three-bedroom rentals, with rents noted as currently below market.
Key Highlights
- Four duplex buildings totaling 8 residential units, all 3‑bedroom / 2‑bath layouts
- Approx. 1,280 SF average per unit
- Year built 1992 with wood‑frame construction
Local 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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Portfolio includes four duplex buildings totaling eight 3-bedroom, 2-bath units with in-unit washer/dryer and garage parking.
Where is this duplex located?
The property is located at 4860 48th St 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 totaling 8 residential units, all 3‑bedroom / 2‑bath layouts; Approx. 1,280 SF average per unit; Year built 1992 with wood‑frame construction
