NOT LISTED FOR SALE

3332 Bridgeport Way W University Place, WA 98466

11 Beds
6 Baths
8,908 Sq Ft
0.55 Acres

Last Sold April 28, 2017

Last sale price $1,110,000 $125 Per Sq Ft

2 Days on Market

Highlights

  • 0.55 Acre Lot
  • Deck
  • High Speed Internet
  • Evergreen Primary School Rated A
  • Territorial View
  • Partially Fenced Property

About This Home

As of April 2017

Well-maintained 11-unit property in University Place with a market cap rate of 8.62% First time on the market, ever. Plenty of upside with rents. Steps to Whole Foods Market, short walk to new UP Town Center. Unit count consists of (9)2bed/1bth and (2)1bed/1bath. Storage/office area could be converted to 12th unit for additional income. Coin-Op W/Ds owned by seller-adds to income. Large lot w/ fenced common, quiet backyard; sits on 3 parcels. Ample parking. This is a solid, turn-key investment!

Last Listed By

Charles Burnett

Keller Williams Seattle Metro License #50261 Listed on: 02/06/2017

Keller Williams Seattle Metro

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1077199

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,896

Year Built

  • Built in 1977

Lot Details

  • 0.55 Acre Lot
  • Lot Dimensions are 152 x 152
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 8,908 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 20 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • Menlo Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 578500-139-2

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,896

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1977
  • Buyer Agency Compensation: 2.25
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 8908
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 279

Interior Features

  • Possible Use: Industrial, Multi-Family, Office, Residential
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Paved
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 20
  • Open Parking: Yes
  • Total Parking Spaces: 20
  • ParkingUncoveredSpaces: 20

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: Tacoma Power
  • SewerCompany: Pierce County
  • WaterCompany: Tacoma Water
  • WaterSewerGarbage: 13127

Schools

  • Junior High Dist: University Place
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 578500-139-2
  • Lot Size Acres: 0.5475
  • Lot Size: 152 x 152
  • Lot Size Sq Ft: 23850
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,High Speed Internet
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Industrial-Light,Multi-Family,Office,Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 8
  • LeasedItems: None
  • TotalMonthlyIncome: 8093

Multi Family

  • Gross Scheduled Income: 119209
  • Net Operating Income: 81890
  • Number Of Units Total: 11
  • Insurance Expense: 4307
  • Leasable Area: 8908
  • UnitsInBuildingTotal: 11
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2016
  • Tax Annual Amount: 11896

MLS Schools

  • Elementary School: Buyer To Verify

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2017 04/28/17 Sold $1,110,000 +16.8% $125 / Sq Ft
02/28/2017 02/28/17 Pending -- -- --
02/25/2017 02/25/17 For Sale $950,000 -- $107 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Charles Burnett

    Seller's Agent in 2017

    Charles Burnett

    Keller Williams Downtown Seattle

    (206) 926-3701

    4 in this area

    67 Total Sales

    Charles Burnett
    Section Image
  • Nicholas Vilvandre'

    Buyer's Agent in 2017

    Nicholas Vilvandre'

    Keller Williams Downtown Seattle

    (206) 612-7883

    75 Total Sales

    Nicholas Vilvandre'
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1077199

Northwest Multiple Listing Service (NWMLS)

Washington Pierce County University Place 98466

3332 Bridgeport Way W, University Place, WA

Homes for Sale in University Place, WA

This home is located at 3332 Bridgeport Way W, University Place, WA 98466 since 06 February 2017. This property was built in 1977. 3332 Bridgeport Way W is a home located in Pierce County with nearby schools including Evergreen Primary School, Sunset Primary School, and Drum Intermediate School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. ©2025 NWMLS.

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