Four-Unit Duplex
For Sale
$1,200,000
5208 63RD, University Place, WA 98467
Two duplexes on separate parcels offer four units with in-unit laundry, garages, and wood-burning fireplaces.
Property Size3,984 SF
Price / SF$301.20
Days on Market155
Property Features for 5208 63RD
General Information
Standard status
Active
Size
3,984 SF
Total Parking Spaces
4
Property subtype
Multi-family
Occupancy
50%
Additional Details
Business Included
No
Road Access
Yes
Multifamily Units
4
Amenities
washer & dryer
wood burning fireplace
Building Details
Year Built
1984
Stories
2
Tenancy
Multi
Listing Agency:
Engel & Volkers Chambers Bay
Listed By:
Chris J Barrett · License #74942
(253) 380-2709
Source:
Skylineproperties
Added: May 28
Changed: Oct 27
Last Checked: Oct 28 at 8:49AM
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.
This offering includes two duplex properties located on two separate parcels: 5208/5210 and 5214/5216. The configuration provides four residential units, each approximately 996 square feet with two bedrooms and 1.75 bathrooms. Every unit includes a one-car garage, a washer and dryer, and a wood-burning fireplace.
Each unit’s layout includes living area, kitchen, dining, and a half bath on the main floor, with the bedrooms and additional bath space on the lower level. The setting is described as semi-private, with only these four units on a dead-end road.
According to the seller’s remarks, two units are vacant and two are currently rented below market value. Please do not view without a real estate broker, and do not bother tenants.
Each unit’s layout includes living area, kitchen, dining, and a half bath on the main floor, with the bedrooms and additional bath space on the lower level. The setting is described as semi-private, with only these four units on a dead-end road.
According to the seller’s remarks, two units are vacant and two are currently rented below market value. Please do not view without a real estate broker, and do not bother tenants.
Key Highlights
- Built in 1984: two duplexes on separate parcels (5208/5210 and 5214/5216) with 4 total units
- Each unit is approx 996 SF with 2 bedrooms and 1.75 baths
- Includes 1‑car garage per unit and washer & dryer in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,270
Cap Rate
4.36%
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 4.36%
Second Best
Apartment 5plus
$688.7K
$602.6K – $803.5K
NOI $48,210 @ 7.0% cap · market cap 4.02%
Theoretical Best
Office A
$1.08M
$941.5K – $1.26M
NOI $75,322 @ 7.0% cap · market cap 6.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
50%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
264
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
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two duplexes on separate parcels offer four units with in-unit laundry, garages, and wood-burning fireplaces.
Where is this duplex located?
The property is located at 5208 63RD 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: Built in 1984: two duplexes on separate parcels (5208/5210 and 5214/5216) with 4 total units; Each unit is approx 996 SF with 2 bedrooms and 1.75 baths; Includes 1‑car garage per unit and washer & dryer in each unit
