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.
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Listing Snapshot
Price
$5,500,000
Days On Site
169 Days
Bedrooms
N/A
Inside Area (SqFt)
18,000 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
1.45 Acres
Year Built
1981
MLS® Number
2495107
Status
Active
Property Tax
$49,534
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
React
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Recent Activity
6 months ago
Listing updated with changes from the MLS®
6 months ago
Listing first seen on site
General Features
Acres
1.45
Additional Property Use
Multi-Family
Carport
20
Garage
Yes
Garage Spaces
20
Number Of Stories
2
Parking Spaces
40
Property Sub Type
Multi Family
SqFt Total
18000
Utilities
Cable AvailableSewer Connected
Zoning
Multi-Family
Interior Features
Flooring
VinylCarpet
Heating
ElectricBaseboard
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Exterior Features
Construction Details
Wood Siding
Fencing
Partial
Lot Features
Paved
Patio And Porch
Patio
Roof
Composition
View
Territorial
Waterview
Territorial
Community Features
MLS Area
45 - South Tacoma
School District
Tacoma
Financing Terms Available
CashConventional
Schools
School District
Tacoma
Elementary School
Manitou Park
Middle School
Gray
High School
Mt Tahoma
Courtesy of NWMLS
Listing courtesy of Avenir Gedarevich of VPMG Property Management
Listing information is provided by Participants of the Northwest MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Northwest MLS.
All data is obtained from various sources and may not have been verified by the 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.
Last checked: 2026-09-16 04:55 PM PDT
Neighborhood & Commute
Source: Walkscore
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