Presented by: TS Property Management and NWMLS
Property Description
Great investment opportunity in University Place. This property comprises three units, designed to cater to a range of tenants—from cozy studios to a spacious 4-bedroom home. The interiors have been recently upgraded with LVP flooring, appliances, and in-unit washer/dryers. Below market rents offer room for growth. Whether you’re a seasoned investor or just starting out, this property presents an excellent opportunity to grow your portfolio. Act now and secure your foothold in this thriving market!
Interior Features
Bedrooms
Bedrooms Upper0
Bathrooms
Baths Full Upper0
Baths Half Upper0
Baths Three Quarter Upper0
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringVinyl Plank, Carpet
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces0
Total Stories1
General
Building Area Units0 sqft
Cap Rate5.84
Carport Spaces0
Carport Y/NNo
CityUniversity Place
CoolingNone
CountyPierce
DirectionsPlease use GPS
Electric Expense0
Elementary SchoolBuyer To Verify
Fuel Expense0
Garage Spaces0
HOANo
HOA Fee$0
HeatingBaseboard, Wall Furnace
High SchoolBuyer To Verify
High School DistrictUniversity Place
Insurance Expense1246
Leasable Area2,330 sqft
Listing TermsCash, Conventional, FHA
Living Area0 sqft
Lot Size Square Feet11,325 sqft
Lot Size UnitsSquare Feet
MLS Area33 - University Place
Middle/Junior High SchoolBuyer To Verify
NWM_ShowMapLinkY
Net Operating Income43851
New ConstructionNo
Number Of Units Total3
PossessionClosing, Subject To Tenant Rights
Property ConditionGood
Property Style53 - Tri-plex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksGreat investment opportunity in University Place. This property comprises three units, designed to cater to a range of tenantsfrom cozy studios to a spacious 4-bedroom home. The interiors have been re
RoofComposition
Security FeaturesPartially Fenced
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeTriplex
Subdivision NameUniversity Place
Tax Annual Amount$7,176
Tax Year2026
Units Below Gradefalse
Units In Building Total3
ViewTerritorial
Water Sewer Garbage3467
Year Built1945
Exterior
Building Area Total2,330 sqft
Covered Spaces0
Exterior AmenitiesMetal/Vinyl, Wood Products
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot FeaturesOpen Space
Lot Size Acres0.26
Parking FeaturesRV Parking
Parking Uncovered Total10
Site FeaturesFenced-Partially, High Speed Internet, RV Parking
Total Parking10
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Buyer To Verify High School
Elementary School
Buyer To Verify Elementary School
Middle School
Buyer To Verify Middle School