Listed by Avenir Gedarevich, VPMG Property Management
- 18,000
- Square feet
- $306
- Per sq ft
- Multi Family
- Type
- 1981
- Year built
- 63,160 sq ft
- Lot
- 104
- Days on market
About this property
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.
Location & commute
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Property details
Listing details
- Listing number
- #2495107
- Listed
- March 31, 2026
- Days on market
- 104
- Price per sq ft
- $306
Unit & building
- Building
- Grand Terrace
- Stories in building
- 2
- Units in building
- 20
Parking
- Covered spaces
- 20
- Total spaces
- 40
Views
- View
- Territorial
Construction
- Year built
- 1981
- Style
- 56 - 10+ Units
- Structure
- Multi Family
- Roof
- Composition
Heating & cooling
- Heating
- Baseboard
- Cooling
- None
- Energy source
- Electric
Flooring
- Flooring
- VinylCarpet
Lot
- Lot features
- Dead End StreetOpen SpacePavedSidewalk
- Lot size
- 63,160 sq ft
Terms
- Terms offered
- CashConventional
Utilities
- Water
- Tacoma Public Utilities
- Sewer
- City of Tacoma
- Power
- Tacoma Public Utilities
Schools
- District
- Tacoma
- Elementary
- Manitou Park
- Middle
- Gray
- High
- Mt Tahoma
What stands out to you?
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- Territorial
- Multi Family
- Composition
- Baseboard
- None
- Electric
- Vinyl
- Carpet
- Dead End Street
- Open Space
- Paved
- Sidewalk
Listing history
Listed
$5,500,000
March 31, 2026
Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.
Payment estimate
An estimate to help you plan, not a loan offer or financial advice.
Est. monthly
$32,028
- Principal & interest
- $27,811
- Property tax (est.)
- $4,217
Assumes $1,100,000 down (20%), a $4,400,000 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.
Similar nearby listings
Based on information submitted to the MLS GRID as of July 13, 2026 at 11:15 PM 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.