Residential Income

University Place, WA Residential Income Properties for Sale

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Two-Duplex Multifamily Property
Updated: Jul 15
Two-Duplex Multifamily Property

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

$1,200,000
Two duplexes on 2 separate parcels
Four total units, each approximately 996 SF
Each unit includes 2 bedrooms and 1.75 baths
One‑car garage, washer and dryer, and wood‑burning fireplace in each unit
Main‑level living, kitchen, dining, and 1/2 bath; bedrooms and 1.25 bath below
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Duplex with Attached Garages
Updated: Jun 15
Duplex with Attached Garages

5308 51st Avenue Ct W 5306, University Place, WA 98467

$874,000
2,440 sqft 0.27 AC lot
2,440 SF duplex built in 2003
Each unit offers 2 bedrooms and 1.75 baths
Attached two‑car garage for each unit, plus additional parking
11,800 SF corner lot in a quiet cul‑de‑sac
Separate electrical and water meters for the units
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Duplex with Attached Garages
Duplex with Attached Garages

3023 Bridgeport Way W # B, University Place, WA 98466

$879,000
3,500 sqft

Two-unit property with one vacant residence, recent exterior updates, and access to nearby shopping, dining, parks, and Tacoma.

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Duplex with Attached Two-Car Garages
Duplex with Attached Two-Car Garages

5306 51ST, University Place, WA 98467

$874,000
2,440 sqft 0.27 AC lot

Each residence includes two bedrooms, 1.75 baths, vaulted ceilings, and in-unit laundry.

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Four-Unit Duplex Portfolio
Four-Unit Duplex Portfolio

5208 63RD, University Place, WA 98467

$1,200,000
3,984 sqft

Two duplexes on separate parcels offer four units with in-unit laundry, garages, and wood-burning fireplaces.

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3.3 AC IOS Yard
3.3 AC IOS Yard

6820 27th St W, University Place, WA 98466

$4,750,000
143,748 sqft 3.30 AC lot

3.3 AC IOS Yard for sale or lease.

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Updated Duplex with Water Views
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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Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 7 Active listings in University Place, WA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 65 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.

Duplex Property with Attached Garages
Duplex Property with Attached Garages

1325 Contra Costa Ave 1319, Fircrest, WA 98466

$1,300,000
5,284 sqft

Open layouts, fireplaces, private suites, and driveway parking are among the property’s residential features.

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Well-Maintained Fourplex Income Property
Well-Maintained Fourplex Income Property

1461 Rainier, Fircrest, WA 98466

$1,400,000
4,112 sqft

Turnkey fourplex offering four 2-bedroom, 1.5-bath units with covered carport parking and in-unit washer/dryer.

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Fully Occupied Quadplex
Fully Occupied Quadplex

3909 Mason Loop Rd, Tacoma, WA 98409

$899,950

Four residential units offer two-bedroom layouts, private outdoor space, appliances, and in-unit laundry.

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Townhome-Style Apartment Community
Townhome-Style Apartment Community

2901 South 45th Street, Tacoma, WA 98409

Contact for pricing
1.98 AC lot

The 53-home community combines multiple bedroom layouts with in-unit laundry and attached garages.

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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.

South Tacoma Multifamily Development Opportunity
South Tacoma Multifamily Development Opportunity

6016 South Tyler Street, Tacoma, WA 98409

$350,000
2.81 AC lot

2.81 acres for multifamily development in South Tacoma.

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Multifamily Land in South Tacoma
Multifamily Land in South Tacoma

6016 S Tyler Street, Tacoma, WA 98409

$350,000

2.81 acres for multifamily development in Tacoma, WA.

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Cleared Lot in Hilltop Neighborhood
Cleared Lot in Hilltop Neighborhood

1715 S Sheridan Avenue, Tacoma, WA 98405

$249,000

Vacant lot in Tacoma's Hilltop neighborhood, ready for development.

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Tacoma Land Parcel For Sale
Tacoma Land Parcel For Sale

4014 Pacific Ave, Tacoma, WA 98418

Contact for pricing
94,000 sqft 0.22 AC lot

Permit-ready land parcel in Tacoma, near I-5 and 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.

6407 53rd Ave W Ct
APARTMENT HOUSE (5+ UNITS)

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

Estimated value:
$4,900,000
7,510 sqft 1.41 AC lot
View details
6807 Lakewood W Dr, Unit 6809
APARTMENT HOUSE (5+ UNITS)

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

Unit 6809
Estimated value:
$1,685,000
3,360 sqft 0.99 AC lot
View details
3109 Bridgeport W Way
APARTMENT HOUSE (5+ UNITS)

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

Estimated value:
No data
7,688 sqft 0.46 AC lot
View details
7308 54th W St
APARTMENT HOUSE (5+ UNITS)

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

Estimated value:
$470,000
3,536 sqft 0.19 AC lot
View details
3118 Morrison W Rd, Unit A
APARTMENT HOUSE (5+ UNITS)

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

Unit A
Estimated value:
$1,440,000
4,704 sqft 0.38 AC lot
View details
4201 Bridgeport W Way
HIGH-RISE APARTMENTS

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

Estimated value:
$30,460,000
1,344 sqft 0.66 AC lot
View details
7304 42nd W St
HIGH-RISE APARTMENTS

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

Estimated value:
$30,460,000
3,752 sqft 1.49 AC lot
View details
7406 31st St W Ct
APARTMENT HOUSE (5+ UNITS)

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

Estimated value:
$1,080,000
4,528 sqft 0.21 AC lot
View details
4401 76th W Ave
APARTMENT HOUSE (5+ UNITS)

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

Estimated value:
$2,265,000
13,424 sqft 0.58 AC lot
View details
4417 76th W Ave
APARTMENT HOUSE (5+ UNITS)

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

Estimated value:
$785,000
4,672 sqft 0.21 AC lot
View details
3411 Bridgeport W Way
APARTMENT HOUSE (5+ UNITS)

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

Estimated value:
$1,360,000
8,004 sqft 1.04 AC lot
View details
3011 Bridgeport W Way
APARTMENT HOUSE (5+ UNITS)

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

Estimated value:
$630,000
4,526 sqft 0.28 AC lot
View details
14115 Cyn E Rd
APARTMENT HOUSE (100+ UNITS)

14115 Cyn E Rd, University Place, WA 98466

Estimated value:
No data
7,804 sqft 8.82 AC lot
View details
4409 76th W Ave
APARTMENT HOUSE (5+ UNITS)

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

Estimated value:
$730,000
3,952 sqft 0.21 AC lot
View details
4314 Beckonridge W Dr
APARTMENT HOUSE (5+ UNITS)

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

Estimated value:
$480,000
4,256 sqft 0.31 AC lot
View details
3610 Bridgeport W Way
HIGH-RISE APARTMENTS

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

Estimated value:
$22,610,000
177,711 sqft 1.32 AC lot
View details
7654 40th W St
APARTMENT HOUSE (5+ UNITS)

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

Estimated value:
$9,695,000
7,472 sqft 2.79 AC lot
View details

University Place, WA Residential Income Properties Market Trends and Statistics

Explore 72 residential income properties for sale in University Place, WA, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 159,660 square feet of properties for sale, with an estimated market value of $9,777,000.

Sale prices for residential income properties in University Place, WA start at $874,000, averaging $1,629,500, and reaching up to $4,750,000 — 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

Multifamily properties 7
Duplexes 6
Apartment buildings 1

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
University Place - 98467 $1.1M
Tacoma - 98466 $2.8M

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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