Listed by Jay Grauman, Coldwell Banker Danforth
- 4,704
- Square feet
- $297
- Per sq ft
- Multi Family
- Type
- 1988
- Year built
- 16,553 sq ft
- Lot
- 0
- Days on market
About this property
5.9% CAP RATE! Fantastic investment opportunity in desirable University Place! This fully rented 4-plex offers immediate rental income with a strong rental history and an excellent location within the highly sought-after University Place School District. Each spacious unit features 3 bedrooms, 1.75 baths, an open kitchen with eating space, separate dining area, generous living room with fireplace, in-unit laundry, and a private covered deck with storage. Thoughtful floor plans offer added privacy with a separate hallway leading to the primary suite and attached bath. Property also features ample parking, including 4 covered spaces, and a large common area. Conveniently located near shopping, dining, transit, and everyday amenities. A great opportunity to add a fully occupied, income-producing property to your investment portfolio!
Location & commute
Add a destination, like work or the gym, for directions and drive time.
Jeff's Neighborhood Guide
Get to know the University Place area
Jeff's Seattle & Eastside Neighborhood Guide profiles 70 communities: the streets, shorelines, parks, markets, and local places that define each one. It is editorial, separate from the MLS listing data above.
Property details
Listing details
- Listing number
- #2602514
- Listed
- November 11, 2026
- Days on market
- 0
- Price per sq ft
- $297
Unit & building
- Unit
- A-D
- Stories in building
- 2
- Units in building
- 4
Parking
- Covered spaces
- 4
- Total spaces
- 11
Construction
- Year built
- 1988
- Style
- 54 - 4-Plex
- Structure
- Quadruplex
- Roof
- Composition
Heating & cooling
- Heating
- Wall Furnace
- Cooling
- None
- Energy source
- ElectricWood
Flooring
- Flooring
- Laminate
Lot
- Lot features
- Paved
- Lot size
- 16,553 sq ft
Terms
- Terms offered
- CashConventional
Utilities
- Water
- TPU
- Sewer
- Pierce County
- Power
- TPU
Schools
- District
- University Place
- Elementary
- Buyer To Verify
- Middle
- Buyer To Verify
- High
- Buyer To Verify
What stands out to you?
Mark features you love or could do without. Saved on this device to tune what you see.
- Laminate
Listing history
Listed
$1,395,000
November 11, 2026
Derived from current MLS listing fields.
Payment estimate
An estimate to help you plan, not a loan offer or financial advice.
Est. monthly
$8,124
- Principal & interest
- $7,054
- Property tax (est.)
- $1,070
Assumes $279,000 down (20%), a $1,116,000 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.
Similar nearby listings
$999,000
4230 68th Avenue Ct W
University Place, WA
$1,097,500
6017 64th Street W
University Place, WA
$1,100,000
5208 63rd Avenue Ct W
University Place, WA
$1,750,000
4627 Wayneworth Street W
University Place, WA
$1,100,000
4664 -4666 67th Avenue Ct W
University Place, WA
$1,150,000
2423 Day Island Boulevard W
University Place, WA
Based on information submitted to the MLS GRID as of November 11, 2026 at 3:40 PM PST. 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.