University Place, WA Multifamily Properties for Sale

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Tacoma, WA Fife, WA Fircrest, WA Federal Way, WA Lakewood, WA Ruston, WA Milton, WA Puyallup, WA

Updated: Jul 7

Two-Duplex Residential Income Property

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

$1,250,000

1.06 AC lot

Duplex property with 4 units across 2 separate parcels: 5208/5210 and 5214/5216
Each unit is approx 996 SF with 2 bedrooms and 1.75 baths, plus a 1‑car garage
In‑unit washer & dryer in each unit
Wood‑burning fireplace; main floor includes living, kitchen, dining, and 1/2 bath
Each unit has heating options including electric, forced air, and natural gas; roof is composition

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Updated: May 22

Four-Unit Duplex Portfolio

5208 63RD, University Place, WA 98467

$1,250,000

3,984 sqft

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
Layout includes living area, kitchen, dining, and 1/2 bath on the main floor, plus 2 bedrooms and 1.25 bath on the lower level
Wood‑burning fireplace in each unit

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Updated Duplex with Water Views

1917 Willow Ln W, University Place, WA 98466

Contact for pricing

3,548 sqft

Two fully renovated units feature large windows, multi-level 3-bedroom layouts, and attached plus detached garage parking.

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3.3 AC IOS Yard

6820 27th St W, University Place, WA 98466

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143,748 sqft 4.66 AC lot

3.3 AC IOS Yard for sale or lease.

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Mixed-Use Center with Apartments

7902 27th Street W, University Place, WA 98466

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Bavarian-style mixed-use complex with 10 apartments, 9 retail suites, and an onsite cell phone tower.

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Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 5 Active listings in University Place, WA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 67 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Titlow Duplex with Detached Three-Car Garage

1536 -1538 S Walters Road, Tacoma, WA 98465

$779,000

1,012 sqft

One-bed, one-bath duplex with refreshed interiors, separate utilities, and a detached three-car garage on a small paved lot.

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Four Duplex Residential Property

4846 48TH, Tacoma, WA 98409

$2,500,000

10,240 sqft

Four duplex buildings totaling eight units offer three-bedroom, two-bath layouts with in-unit laundry and private garages.

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Four-Duplex Residential Income Property

5702 79TH, Unit A & B, Lakewood, WA 98499

$3,180,000

8,564 sqft

Four identical one-story duplexes totaling eight units feature vaulted ceilings and modern kitchen upgrades.

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Multifamily Land Opportunity

5408 Steilacoom Blvd SW, Lakewood, WA 98499

$600,000

Bare land ready for multifamily development with utilities on site.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Serene Lot in Ponderosa Estates

20501 LaRita Drive E, Bonney Lake, WA 98391

$149,950

0.19 AC lot

8,250 sq. ft. lot with utilities available.

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Wooded Lot with Existing Structure

29445 SE 371st St, Enumclaw, WA 98022

Contact for pricing

1,344 sqft 1.00 AC lot

One-acre wooded lot with potential for renovation or new construction.

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Sequim Land with Panoramic Views

463 Miller Road, Sequim, WA 98382

$1,199,000

9.90 AC lot

9.9 acres with saltwater, mountain, and city views.

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Naches RV Resort Bluff-Top Lot

62-1769 Naches Wenas Rd, Selah, WA 98942

$110,000

Bluff-top RV lot with full hookups and resort amenities.

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Off-Market Properties in University Place, WA

Consider similar Off-Market properties in University Place, WA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

APARTMENT HOUSE (5+ UNITS)

6407 53rd Ave W Ct, University Place, WA 98467-3346

$4,900,000

Estimated value

7,510 sqft 1.41 AC lot

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APARTMENT HOUSE (5+ UNITS)

6807 Lakewood W Dr, University Place, WA 98467-3201

Unit 6809

$1,685,000

Estimated value

3,360 sqft 0.99 AC lot

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APARTMENT HOUSE (5+ UNITS)

3109 Bridgeport W Way, University Place, WA 98466-4501

Value Estimation by Request

7,688 sqft 0.46 AC lot

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APARTMENT HOUSE (5+ UNITS)

7308 54th W St, University Place, WA 98467-2047

$470,000

Estimated value

3,536 sqft 0.19 AC lot

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APARTMENT HOUSE (5+ UNITS)

3118 Morrison W Rd, University Place, WA 98466-4500

Unit A

$1,440,000

Estimated value

4,704 sqft 0.38 AC lot

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HIGH-RISE APARTMENTS

4201 Bridgeport W Way, University Place, WA 98466-4349

$30,460,000

Estimated value

1,344 sqft 0.66 AC lot

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HIGH-RISE APARTMENTS

7304 42nd W St, University Place, WA 98466-4352

$30,460,000

Estimated value

3,752 sqft 1.49 AC lot

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APARTMENT HOUSE (5+ UNITS)

7406 31st St W Ct, University Place, WA 98466-4596

$1,080,000

Estimated value

4,528 sqft 0.21 AC lot

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APARTMENT HOUSE (5+ UNITS)

4401 76th W Ave, University Place, WA 98466-3741

$2,265,000

Estimated value

13,424 sqft 0.58 AC lot

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APARTMENT HOUSE (5+ UNITS)

4417 76th W Ave, University Place, WA 98466-3725

$785,000

Estimated value

4,672 sqft 0.21 AC lot

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APARTMENT HOUSE (5+ UNITS)

3411 Bridgeport W Way, University Place, WA 98466-4532

$1,360,000

Estimated value

8,004 sqft 1.04 AC lot

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APARTMENT HOUSE (5+ UNITS)

3011 Bridgeport W Way, University Place, WA 98466-4633

$630,000

Estimated value

4,526 sqft 0.28 AC lot

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APARTMENT HOUSE (100+ UNITS)

14115 Cyn E Rd, University Place, WA 98466

Value Estimation by Request

7,804 sqft 8.82 AC lot

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APARTMENT HOUSE (5+ UNITS)

4409 76th W Ave, University Place, WA 98466-3723

$730,000

Estimated value

3,952 sqft 0.21 AC lot

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APARTMENT HOUSE (5+ UNITS)

4314 Beckonridge W Dr, University Place, WA 98466-1369

$480,000

Estimated value

4,256 sqft 0.31 AC lot

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HIGH-RISE APARTMENTS

3610 Bridgeport W Way, University Place, WA 98466-4341

$22,610,000

Estimated value

177,711 sqft 1.32 AC lot

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APARTMENT HOUSE (5+ UNITS)

7654 40th W St, University Place, WA 98466-3817

$9,695,000

Estimated value

7,472 sqft 2.79 AC lot

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APARTMENT HOUSE (5+ UNITS)

8327 29th W St, University Place, WA 98466-2710

$890,000

Estimated value

3,796 sqft 0.22 AC lot

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APARTMENT HOUSE (5+ UNITS)

8216 27th W St, University Place, WA 98466-2779

$810,000

Estimated value

5,600 sqft 0.46 AC lot

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University Place, WA Multifamily Properties Market Trends and Statistics

Explore 72 multifamily properties for sale in University Place, WA, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 151,280 square feet of properties for sale, with an estimated market value of $2,500,000.

Sale prices for multifamily properties in University Place, WA average $1,250,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 46K

Population Growth (5Y) +0.9%

Median Household Income $93,265

College Educated 41.0%

High-Yield Neighborhoods for Investment

Identify University Place submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
98467	$1.3M

Taxes & Financing

Tax Rate (average for all types) 1.02%

Property Tax per SF $7.83 per SF

Tax Rate vs County Average 0.11 pp above county avg

Average Loan-to-Value 65.0%

Property Size Breakdown

The majority of commercial real estate listings in University Place fall within the 10,000 to 25,000 square foot range.

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University Place, WA Multifamily Properties for Sale

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

5208 63RD, University Place, WA 98467

1917 Willow Ln W, University Place, WA 98466

6820 27th St W, University Place, WA 98466

7902 27th Street W, University Place, WA 98466

Opportunities in Nearby Cities

1536 -1538 S Walters Road, Tacoma, WA 98465

4846 48TH, Tacoma, WA 98409

5702 79TH, Unit A & B, Lakewood, WA 98499

5408 Steilacoom Blvd SW, Lakewood, WA 98499

Potential Development Sites for Consideration

20501 LaRita Drive E, Bonney Lake, WA 98391

29445 SE 371st St, Enumclaw, WA 98022

463 Miller Road, Sequim, WA 98382

62-1769 Naches Wenas Rd, Selah, WA 98942

Off-Market Properties in University Place, WA

6407 53rd Ave W Ct, University Place, WA 98467-3346

6807 Lakewood W Dr, University Place, WA 98467-3201

3109 Bridgeport W Way, University Place, WA 98466-4501

7308 54th W St, University Place, WA 98467-2047

3118 Morrison W Rd, University Place, WA 98466-4500

4201 Bridgeport W Way, University Place, WA 98466-4349

7304 42nd W St, University Place, WA 98466-4352

7406 31st St W Ct, University Place, WA 98466-4596

4401 76th W Ave, University Place, WA 98466-3741

4417 76th W Ave, University Place, WA 98466-3725

3411 Bridgeport W Way, University Place, WA 98466-4532

3011 Bridgeport W Way, University Place, WA 98466-4633

14115 Cyn E Rd, University Place, WA 98466

4409 76th W Ave, University Place, WA 98466-3723

4314 Beckonridge W Dr, University Place, WA 98466-1369

3610 Bridgeport W Way, University Place, WA 98466-4341

7654 40th W St, University Place, WA 98466-3817

8327 29th W St, University Place, WA 98466-2710

8216 27th W St, University Place, WA 98466-2779

University Place, WA Multifamily Properties Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Property Size Breakdown

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