Two-Unit Duplex with Attached
6305 54th Ave Ct W, University Place, WA 98467
For Sale
$625,000
Each residence has two bedrooms, one and a half baths, and a low-maintenance yard.
Property Size2,440 SF
Price / SF$256.15
Days on Market27
Property Features for 6305 54th Ave Ct W
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Parking per Unit
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
low-maintenance yard
Wood
Wood Products
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Windermere Prof Partners
(253) 565-1189
Listed By:
Austin Wagner
(509) 654-5142
Source:
Frosthometeam
Added: Oct 15
Changed: Nov 8
Last Checked: Nov 9 at 4:04PM
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 Windermere Prof Partners
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Investment Insights
Based on property information with market context.
Built in 1980, this duplex contains two residences, each measuring 1,220 square feet. Both units have two bedrooms, 1.5 baths, and an attached one-car garage, with outdoor areas and low-maintenance yards.
The property is within five minutes of grocery stores, dining, services, parks, schools, and transit. Meadow Park Golf Course is nearby, while South Tacoma Station, with Sounder Train service and bus lines, is five minutes away. Fred Meyer and Walmart are also close by.
The property is within five minutes of grocery stores, dining, services, parks, schools, and transit. Meadow Park Golf Course is nearby, while South Tacoma Station, with Sounder Train service and bus lines, is five minutes away. Fred Meyer and Walmart are also close by.
Key Highlights
- Two 1,220‑square‑foot units, each with two bedrooms and 1.5 baths
- One‑car attached garage for each residence
- Built in 1980
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,013
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$640,260
$640.3K
Cap Rate 7%
$457,329
$457.3K
Cap Rate 9%
$355,700
$355.7K
Market Conditions
NOI Build-Up for 2,440 SF
Gross rent
$49.2K $20.16/SF
− Vacancy
−$3.5K −$1.42/SF
EGI
$45.7K $18.74/SF
− OpEx
−$13.7K −$5.62/SF
NOI
$32.0K $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%
$640,260
Cap Rate 7%
$457,329
Cap Rate 9%
$355,700
Alternative Uses
Best Use
Multifamily LT 5
$457.3K
$400.2K – $533.6K
NOI $32,013 @ 7.0% cap · market cap 5.12%
Second Best
Apartment 5plus
$421.8K
$369.1K – $492.1K
NOI $29,526 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$659.0K
$576.6K – $768.9K
NOI $46,131 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
400
Businesses Nearby
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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
$580,100
Median Home Value
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Market
Average Price Trend$/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 - Each residence has two bedrooms, one and a half baths, and a low-maintenance yard.
Where is this duplex located?
The property is located at 6305 54th Ave Ct W University Place, WA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Two 1,220‑square‑foot units, each with two bedrooms and 1.5 baths; One‑car attached garage for each residence; Built in 1980
