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Two-Duplex Multifamily Property
For Sale
$1,200,000

5208 63rd Avenue Ct W, University Place, WA 98467

University Place, WA

Property SizeContact for details
Days on Market74

Property Features for 5208 63rd Avenue Ct W

General Information

Property type Residential Multi Family
Property subtype Single Family Attached
Subdivision University Place
Elementary school Evergreen Primary
Middle school Drum Intermed
High school Curtis Bridge Pgm
Standard status Active

Amenities

washer & dryer
wood burning fireplace

Building Details

Year built 1984
Listing Agency: Engel & Volkers Chambers Bay · Engel & Völkers
Listed By: Chris J Barrett · License #74942
Added: Jul 15 Changed: Sep 22 Last Checked: Sep 26 at 4:06PM
MLS# 2548507

Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This multifamily property includes two duplexes on separate parcels, totaling four residential units. Each unit offers approximately 996 SF with two bedrooms, 1.75 baths, a one-car garage, in-unit washer and dryer, and a wood-burning fireplace. The main level contains the living area, kitchen, dining space, and half bath, while both bedrooms and a 1.25 bath are located on the lower level.

The property is situated on a dead-end road with only these four units in the immediate setting. Two units are vacant, while the remaining two are rented. The buildings were constructed in 1984.

Key Highlights

  • Two duplexes on 2 separate parcels
  • Four total units, each approximately 996 SF
  • Each unit includes 2 bedrooms and 1.75 baths

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick HVAC Service Parking Lot & Garage Big Box & Wholesale Store Auto Parts Store Kitchen & Bath Showroom Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

101
Businesses Nearby

Demographics for 98467, WA

16,512
Population
6,718
Households
2.5
Avg Household Size
39
Median Age
42%
College-Educated
95%
High-School Grad
4.8 sq mi
ZIP Area
3,440
Density / Sq Mi
$90,586
Median Household Income
$48,802
Median Earnings
$1,566
Median Rent
$580,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Four residential units are arranged across two separate parcels in a semi-private dead-end road setting.
Where is this duplex located?
The property is located at 5208 63rd Avenue Ct W University Place, WA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Two duplexes on 2 separate parcels; Four total units, each approximately 996 SF; Each unit includes 2 bedrooms and 1.75 baths
More about this property
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