Pending

$950,000

6 Beds 4 Baths 3,548 SQFT 0.35 Acres
Type: Pending

1911 -1915 Willow Lane W
University Place, WA 98466

MLS#: 2541333
Presented by: Keller Williams Rty Tacoma and NWMLS

Property Description

 

Beautifully Maintained Duplex offering breathtaking Puget Sound and Olympic Mountain views. Family-built, well-cared for and thoughtfully managed, this property reflects true pride of ownership and stewardship throughout. Each unit features 2 levels, 3 bedrooms, 2 bathrooms, one attached garage and a 1-car detached garage, providing the feel and functionality of a single-family home with strong tenant appeal. Recent capital improvements include one fully renovated unit with quality finishes and modern updates. Rents remain significantly below current market levels, presenting an outstanding opportunity for future income growth and enhanced cash flow. Large windows capture panoramic water and mountain views, creating a living experience rarely found in multifamily properties. Located in a highly desirable University Place rental market with strong demand, this duplex offers a unique combination of quality construction, exceptional views, and value-add potential. An outstanding opportunity for investors seeking stable income, future appreciation, and long-term wealth creation.


 

Interior Features

Bedrooms

Bedrooms Upper0

Bathrooms

Baths Full Upper0
Baths Half Upper0
Baths Three Quarter Upper0

Other Interior Features

Air Conditioning Y/NYes
Fireplace Y/NNo
FlooringVinyl Plank, Carpet
Heating Y/NYes
Power Production TypeNatural Gas
Total Fireplaces0
Total Stories1

General

AmenitiesBasement
Building Area Units0 sqft
Cap Rate6.2
Carport Spaces0
Carport Y/NNo
CityUniversity Place
CoolingForced Air
CountyPierce
DirectionsFrom S Jackson Ave/Bridgeport Way W, Head West on 19th St W. Turn Left on Willow Lane W. ( No street sign) Property on the Left, private Rd.
Electric Expense0
Fuel Expense0
Garage Spaces4
HOANo
HOA Fee$0
HeatingForced Air
High School DistrictUniversity Place
Insurance Expense2318
Leasable Area3,548 sqft
Listing TermsCash, Conventional, FHA, VA Loan
Living Area0 sqft
Lot Size Square Feet15,066 sqft
Lot Size UnitsSquare Feet
MLS Area32 - University Place
NWM_ShowMapLinkY
Net Operating Income62710
New ConstructionNo
Number Of Units Total2
PossessionClosing
Possible UseResidential
Property ConditionGood
Property Style52 - Duplex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksBeautifully Maintained Duplex offering breathtaking Puget Sound and Olympic Mountain views. Family-built, well-cared for and thoughtfully managed, this property reflects true pride of ownership and ste
RoofComposition
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusPending
StatusPending Inspection
Structure TypeDuplex
Subdivision NameUniversity Place
Tax Annual Amount$11,388
Tax Year2026
Units Below Gradefalse
Units In Building Total2
Water CompanyTacoma Public Utilities
Water Sewer Garbage1200
Year Built1966
Zoning DescriptionResidential

Exterior

Building Area Total3,548 sqft
Covered Spaces4
Exterior AmenitiesStone, Wood
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot FeaturesPaved
Lot Size Acres0.3459
Parking Uncovered Total2
Total Parking6
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools 

Middle School N/A
Elementary School N/A
High School N/A

  

Similar Properties

$950,000

6 Beds 4 Baths 3,548 SQFT 0.35 Acres
Type: Pending

1911 -1915 Willow Lane W
University Place, WA 98466

MLS#: 2541333