About this home

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.

Exterior features

Wood Products

Schools

Elementary

Manitou Park

Middle

Gray

High

Mt Tahoma

Property details

Heating: Baseboard
Cooling: None
Flooring: Vinyl, Carpet
View: Territorial
Lot: Dead End Street, Open Space, Paved, Sidewalk
Sewer: Sewer Connected

Costs

Annual taxes: $49,534 (2025)

Estimate your monthly payment

$31,939/mo

Principal & interest: $27,811
Property taxes: $4,128

Down payment (20%) $1,100,000 Interest rate (%) Loan term (years)

Loan amount $4,400,000

Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.

Location

Tacoma, WA 98467

Approximate location. Contact us to confirm the exact address.

Listing courtesy of VPMG Property Management— Avenir Gedarevich.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.

Interested in this home?

Request a private tour or ask a question — a local agent will respond personally.