Listed by Brian Richardson, Kidder Mathews
- 3,664
- Square feet
- $244
- Per sq ft
- Multi Family
- Type
- 1981
- Year built
- 11,220 sq ft
- Lot
- 0
- Days on market
About this property
FULL MARKETING PACKAGE IN SUPPLEMENTS. This Grand Terrace Fourplex features oversized 900 SF 2BR/1.0BA units with the kind of unit profile renters fight over. Each apartment includes in-unit washer/dryer, a dedicated single-car garage, and a storage locker. Location is a win being minutes to Hwy 16 & I-5, Tacoma Mall, and Village at Chambers Bay, plus walkable access to a major bus route and daily-need amenities. In-place rents average $1,650/mo with clear mark-to-market upside supported by nearby 2-Bedroom rent comps averaging $2,115. Stabilized cap rate of 6.2% cap and market cap rate of 7.8%.
Location & commute
Add a destination (work, gym, school) for directions and drive time.
Property details
Listing details
- Listing number
- #2589131
- Listed
- September 30, 2026
- Days on market
- 0
- Price per sq ft
- $244
Unit & building
- Stories in building
- 3
- Units in building
- 4
Homeowners association
- HOA dues
- $350 monthly
Parking
- Covered spaces
- 5
- Total spaces
- 5
Views
- View
- PartialTerritorial
Construction
- Year built
- 1981
- Style
- 54 - 4-Plex
- Structure
- Quadruplex
- Roof
- Composition
Heating & cooling
- Heating
- Baseboard
- Cooling
- None
- Energy source
- Electric
Lot
- Lot features
- Cul-De-SacDead End StreetPavedSidewalk
- Lot size
- 11,220 sq ft
Terms
- Terms offered
- CashLease PurchaseOwner Will CarryVA Loan
Utilities
- Sewer
- Sewer Connected
Schools
- District
- Tacoma
What stands out to you?
Mark features you love or could do without. Saved on this device to tune what you see.
- Partial
- Territorial
- Quadruplex
- Composition
- Baseboard
- None
- Electric
- Cul-De-Sac
- Dead End Street
- Paved
- Sidewalk
- Cash
Listing history
Listed
$895,000
September 30, 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
$5,562
- Principal & interest
- $4,526
- Property tax (est.)
- $686
- HOA dues
- $350
Assumes $179,000 down (20%), a $716,000 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.
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Based on information submitted to the MLS GRID as of October 5, 2026 at 1:30 AM 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.