Two-Duplex Residential
New
For Sale
$1,100,000
5208 63rd Avenue Ct W, University Place, WA 98467
Four units are arranged across two separate parcels, with two currently vacant and two occupied by tenants.
Property Size3,984 SF
Price / SF$276.10
Days on Market3
Property Features for 5208 63rd Avenue Ct W
General Information
Standard status
Active
Size
3,984 SF
Total Parking Spaces
12
Property subtype
Multi-Family
Units
Unit Mix
4 x 2BR/1.75BA
Multifamily Units
4
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$14,600
Amenities
washer/dryer
wood burning fireplace
Vinyl,Carpet
Yes
No
2
Electric,Natural Gas
1 & 2
Dead End Street,Paved
Public
Deck,Gas Available
12
4
1.062
Wood
Poured Concrete
3984
8
Building Details
Building Size
3,984 SF
Year Built
1984
Stories
2
Listing Agency:
Engel & Volkers Chambers Bay
(253) 565-1121
Listed By:
Chris J Barrett · License #74942
(253) 380-2709
Source:
Premierepropertygroup
Added: Nov 4
Last Checked: Nov 6 at 5:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Engel & Volkers Chambers Bay
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property comprises two duplex buildings on separate parcels, totaling four residential units. Each unit is approximately 996 square feet, with two bedrooms, 1.75 baths, a one-car garage, washer and dryer, and a wood-burning fireplace. The layout places the living room, kitchen, dining area, and half bath on the main level; two bedrooms and a 1.25-bath arrangement are below. Built in 1984, the buildings are served by a dead-end street. Two units are vacant, while the other two are rented.
Key Highlights
- Two duplexes on separate parcels, with four units in total
- Each unit is approximately 996 square feet with 2 bedrooms and 1.75 baths
- One‑car garage, washer and dryer, and wood‑burning fireplace in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,270
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,045,400
$1.0M
Cap Rate 7%
$746,714
$746.7K
Cap Rate 9%
$580,778
$580.8K
Market Conditions
NOI Build-Up for 3,984 SF
Gross rent
$80.3K $20.16/SF
− Vacancy
−$5.6K −$1.42/SF
EGI
$74.7K $18.74/SF
− OpEx
−$22.4K −$5.62/SF
NOI
$52.3K $13.12/SF
Area
Pierce County, WA
Vacancy
7.03%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,045,400
Cap Rate 7%
$746,714
Cap Rate 9%
$580,778
Alternative Uses
Best Use
Multifamily LT 5
$746.7K
$653.4K – $871.2K
NOI $52,270 @ 7.0% cap · market cap 4.75%
Second Best
Apartment 5plus
$688.7K
$602.6K – $803.5K
NOI $48,210 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$1.08M
$941.5K – $1.26M
NOI $75,322 @ 7.0% cap · market cap 6.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
101
Businesses Nearby
Explore this area
Business Placement
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
$580,100
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Pierce County, WA
Properties on Market for Duplexes in Pierce County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Four units are arranged across two separate parcels, with two currently vacant and two occupied by tenants.
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 $1,100,000.
What are key features of this property?
This property features: Two duplexes on separate parcels, with four units in total; Each unit is approximately 996 square feet with 2 bedrooms and 1.75 baths; One‑car garage, washer and dryer, and wood‑burning fireplace in each unit
