Listed by Keller Williams Rty Tacoma, Bought with Theory Real Estate
$600,000
SOLD FEB 28, 2023

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

-- Bed
-- Bath
1,939 Sq Ft
0.54 Acres

Recently Sold

$309 Per Sq Ft

Highlights

  • 0.54 Acre Lot
  • No HOA
  • Open Space
  • Secluded Lot
  • Patio
  • Partially Fenced Property

About This Home

As of February 2023

Welcome home to this beautiful sf 1,939, 4-Br, 3- bath duplex on over half an acre in coveted University Place. Excellent opportunity to own a very well-kept one-family owned duplex. Each of the units are spacious at 969 sqft and feature 2 bedrooms, 1.5 bathroom, dinning area, in-unit laundry space with hook-ups, kitchen pantry. Unit 5118 boasts of new paint throughout the house, new carpet, new stove. Both units have attached one car garage, plenty of outdoor parking, & newer septic system installed. Do not miss this amazing opportunity!

Last Agent to Sell the Property

Grace Waweru Alvarado

Keller Williams Rty Tacoma License #93028 Listed on: 01/27/2023

Keller Williams Rty Tacoma

Last Buyer's Agent

Rizwan Awan

Theory Real Estate License #27407

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2030429

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,086

Year Built

  • Built in 1976

Lot Details

  • 0.54 Acre Lot
  • Open Space
  • Partially Fenced Property
  • Secluded Lot
  • Corner Lot
  • Property is in average condition

Home Design

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

Interior Spaces

  • 1,939 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Schools

  • Whittier Elementary School
  • Gray Middle School
  • Foss High School

Additional Features

  • Patio
  • 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

$7,086

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
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1939
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: Vacant; show and sell; digitally staged
  • Special Features: None

Interior Features

  • Possible Use: Commercial, Multi-Family, See Remarks
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Storage

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot, Open Space, Paved, Secluded
  • View: No
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Average
  • 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: SecuritySystem, FullyFenced
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • PowerCompany: TPU
  • WaterCompany: TPU
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Tacoma
  • High School: Foss
  • Middle Or Junior School: Gray

Lot Info

  • Parcel Number: 0220235002
  • Lot Size Acres: 0.54
  • Lot Size Sq Ft: 23522
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially,Patio
  • MLSLotSizeSource: Title Company
  • ZoningJurisdiction: City
  • ZoningClass: Commercial,Multi-Family,See Remarks

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 0
  • LeasedItems: Security System
  • TotalMonthlyIncome: 0

Tax Info

  • Year: 2022

Multi Family

  • Number Of Units Total: 2
  • Leasable Area: 1939
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

MLS Schools

  • Elementary School: Whittier

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 27, 2023
Closed on
Feb 27, 2023
Sold by
Watson Joy K
Bought by
Alawadhi Mohamed and Alzubaidi Rasha
Seller's Agent
Grace Waweru Alvarado
Keller Williams Rty Tacoma
Buyer's Agent
Rizwan Awan
Theory Real Estate
List Price
$599,950
Sold Price
$600,000
Premium/Discount to List
$50
0.008%
Total Days on Market
0
Views
13

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.97%
Original Mortgage
$449,250
Outstanding Balance
$437,105
Interest Rate
6.33%
Mortgage Type
New Conventional
Estimated Equity
$248,553

Purchase Details

Closed on
Sep 21, 2004
Sold by
Watson David R
Bought by
Watson Joy R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$13,000
Interest Rate
5.77%
Mortgage Type
Unknown
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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

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)

Tax History Compared to Growth

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

Agents Affiliated with this Home

  • A

    Seller's Agent in 2025

    Anikah Awan

    Theory Real Estate

    (206) 839-7319

    4 in this area

    105 Total Sales

    Anikah Awan
    Section Image
  • Grace Waweru Alvarado

    Seller's Agent in 2023

    Grace Waweru Alvarado

    Keller Williams Rty Tacoma

    (206) 245-9575

    6 in this area

    84 Total Sales

    Grace Waweru Alvarado
    Section Image
  • Rizwan Awan

    Buyer's Agent in 2023

    Rizwan Awan

    Theory Real Estate

    (206) 334-8540

    10 in this area

    85 Total Sales

    Rizwan Awan
    Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2030429

Northwest Multiple Listing Service (NWMLS)

APN: 022023-5002

Washington Pierce County University Place 98467

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

This home is located at 5116 54th St W Unit 5118, University Place, WA 98467 and is currently priced at $600,000, approximately $309 per square foot. This property was built in 1976. 5116 54th St W Unit 5118 is a home located in Pierce County with nearby schools including Whittier Elementary School, Wainwright Intermediate School, and Foss High 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) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. 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. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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