Fourplex with Private
For Sale
$895,000
5209 Orchard, Tacoma, WA 98467
Four two-bedroom apartments pair in-unit laundry with individual garages and storage lockers.
Property Size3,664 SF
Price / SF$244.27
Days on Market9
Property Features for 5209 Orchard
General Information
Standard status
Active
Size
3,664 SF
Property subtype
Multi-family
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Parking per Unit
1
Additional Details
Average Monthly Rent
$1,650
Amenities
in-unit washer/dryer
storage locker
Building Details
Year Built
1981
Buildings
1
Listing Agency:
Kidder Mathews
Listed By:
Brian Richardson · License #78371
(206) 276-6811
Source:
Skylineproperties
Added: Sep 29
Changed: Oct 6
Last Checked: Oct 5 at 8:13PM
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 Kidder Mathews
Investment Insights
Based on property information with market context.
This fourplex contains four 2-bedroom, 1-bath apartments, each measuring 900 SF. The property totals 3,664 SF and was built in 1981. Every unit has a washer and dryer, a single-car garage, and a storage locker.
The property is minutes from Hwy 16 and I-5, Tacoma Mall, and Village at Chambers Bay. A major bus route and daily-needs amenities are within walking distance. Reported cap rates are 6.2% stabilized and 7.8% at market.
The property is minutes from Hwy 16 and I-5, Tacoma Mall, and Village at Chambers Bay. A major bus route and daily-needs amenities are within walking distance. Reported cap rates are 6.2% stabilized and 7.8% at market.
Key Highlights
- Four 900 SF apartments, each with 2 bedrooms and 1 bathroom
- 3,664 SF property built in 1981
- In‑unit washer and dryer in every apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,274
Cap Rate
5.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$965,480
$965.5K
Cap Rate 7%
$689,629
$689.6K
Cap Rate 9%
$536,378
$536.4K
Market Conditions
NOI Build-Up for 3,664 SF
Gross rent
$72.5K $19.80/SF
− Vacancy
−$3.6K −$0.98/SF
EGI
$69.0K $18.82/SF
− OpEx
−$20.7K −$5.65/SF
NOI
$48.3K $13.18/SF
Area
Tacoma, WA
Vacancy
4.94%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$965,480
Cap Rate 7%
$689,629
Cap Rate 9%
$536,378
Alternative Uses
Best Use
Multifamily LT 5
$689.6K
$603.4K – $804.6K
NOI $48,274 @ 7.0% cap · market cap 5.39%
Second Best
Apartment 5plus
$599.3K
$524.4K – $699.2K
NOI $41,953 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$1.13M
$985.4K – $1.31M
NOI $78,835 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
310
Businesses Nearby
Explore this area
Business Placement
Demographics for 98467, WA
16,512
Population
6,718
Households
2.5
Avg Household Size
39
Median Age
42%
College-Educated
95%
High-School Grad
4.8 sq mi
ZIP Area
3,440
Density / Sq Mi
$90,586
Median Household Income
$48,802
Median Earnings
$1,566
Median Rent
$580,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom apartments pair in-unit laundry with individual garages and storage lockers.
Where is this quadplex located?
The property is located at 5209 Orchard Tacoma, WA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Four 900 SF apartments, each with 2 bedrooms and 1 bathroom; 3,664 SF property built in 1981; In‑unit washer and dryer in every apartment
