Listed by Theory Real Estate
$660,000

5116 54th St W Unit 5118 University Place, WA 98467

Estimated payment $3,735/month

Total Views 1,566
4 Beds
4 Baths
1,939 Sq Ft
$340 Price per Sq Ft

Highlights

  • 0.54 Acre Lot
  • Territorial View
  • Patio
  • Secluded Lot
  • No HOA
  • Open Space

About This Home

Opportunity knocks here in the heart of University Place. One level Duplex, Rent both units or live in one unit and rent the other. 2bed/ 1.5 bath W/D hookup, 1 car garage and lots of extra parking on each side. Quiet dead end street with easy access to JBLM, Tacoma, I-5, Hwy 16, the Sounder Train, golf course, Puget Sound beaches, Tacoma Community College, and lots of shopping and services. Landlord pays water, electricity, and garbage.

Last Listed By

Anikah Awan

Theory Real Estate License #21003057 Listed on: 06/06/2025

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2385226

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $575

Year Built

  • Built in 1976

Lot Details

  • 0.54 Acre Lot
  • Open Space
  • Partially Fenced Property
  • Secluded Lot
  • Corner Lot

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,939 Sq Ft Home
  • 1-Story Property
  • Self Contained Fireplace Unit Or Insert
  • Territorial Views

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Parking

  • 8 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Patio

Utilities

  • Baseboard Heating
  • Septic Tank

Community Details

  • No Home Owners Association
  • University Place Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0220235002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$575

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 52 - Duplex
  • Year Built: 1976
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 1939
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 10

Interior Features

  • Total Bedrooms: 4
  • Fireplace: No
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Corner Lot, Open Space, Paved, Secluded
  • View: Yes
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: Partially Fenced
  • Cooling: Insert, None
  • Cooling Y N: Yes
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: Tacoma Public Utilities
  • SewerCompany: Septic
  • WaterCompany: Tacoma Public Utilities
  • WaterSewerGarbage: 100

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Tacoma

Lot Info

  • Parcel Number: 0220235002
  • Lot Size Acres: 0.54
  • Lot Size Sq Ft: 23522
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially,Patio
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 214
  • LeasedItems: None
  • TotalMonthlyIncome: 4000

Multi Family

  • Gross Scheduled Income: 3075
  • Net Operating Income: 3075
  • Number Of Units Total: 2
  • Electric Expense: 150
  • Insurance Expense: 100
  • Leasable Area: 1939
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2025
  • Tax Annual Amount: 575

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $7,086 $578,900 $298,600 $280,300
2023 $7,086 $579,700 $313,800 $265,900
2022 $3,465 $575,100 $322,600 $252,500
2021 $3,350 $418,600 $215,100 $203,500
2019 $4,624 $369,900 $183,400 $186,500
2018 $4,756 $337,600 $169,200 $168,400
2017 $4,477 $289,200 $135,000 $154,200
2016 $3,949 $226,700 $97,100 $129,600
2014 $4,042 $215,100 $92,500 $122,600
2013 $4,042 $204,500 $92,500 $112,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/06/2025 06/06/25 For Sale $660,000 +10.0% $340 / Sq Ft
02/28/2023 02/28/23 Sold $600,000 0.0% $309 / Sq Ft
01/27/2023 01/27/23 Pending -- -- --
01/27/2023 01/27/23 For Sale $599,950 -- $309 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Ticor Title
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $449,250 New Conventional
Previous Owner $13,000 Unknown
Source: Public Records

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2385226

Northwest Multiple Listing Service (NWMLS)

APN: 022023-5002