Listed by COMPASS
$799,950

Estimated payment $5,745/month

Total Views 738
4 Beds
4 Baths
2,080 Sq Ft
$385 Price per Sq Ft

About This Home

Fantastic Investment Opportunity in University Place! Don’t miss your chance to own this well-maintained 4-unit property in a highly desirable location. Each unit offers comfortable living space with solid rental history. Located minutes from schools, parks, shopping, and freeway access, this multi-family property is perfectly positioned for strong tenant demand. Tons of upside potential—whether you're looking to renovate, increase rents, or simply hold a great asset in a growing area. Rarely available—act fast!

Last Listed By

KENNETH PATTON

COMPASS License #26847 Listed on: 06/10/2025

COMPASS

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2391990

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,273

Year Built

  • Built in 1978

HOA Fees

  • $920 Monthly HOA Fees

Home Design

  • Quadruplex
  • Poured Concrete
  • Wood Composite

Interior Spaces

  • 2,080 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • Open Parking

Additional Features

  • 2,098 Sq Ft Lot
  • Baseboard Heating

Community Details

  • 4X4 Condos
  • University Place Subdivision

Listing and Financial Details

  • Assessor Parcel Number 9011050010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,273

Year Built

Built in 1978

Lot Details

0

HOA Fees

$920 per month

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1978
  • MLS Status: Active
  • Prev Status: Active
  • Building Name: 4x4
  • New Construction: No
  • CalculatedSquareFootage: 2080
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 3

Interior Features

  • Total Bedrooms: 4
  • Fireplace: No
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Shake
  • View: No
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • WaterSewerGarbage: 8937

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 920
  • Association Fee Frequency: Monthly
  • Association: Yes

Schools

  • Junior High Dist: Tacoma

Lot Info

  • Parcel Number: 9011050010
  • Lot Size Acres: 0.0482
  • Lot Size Sq Ft: 2098
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 0
  • LeasedItems: None
  • TotalMonthlyIncome: 4485

Tax Info

  • Year: 2025
  • Tax Annual Amount: 4273

Multi Family

  • Number Of Units Total: 4
  • Insurance Expense: 1300
  • Leasable Area: 2080
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Map

Range of Values:

Collateral Analytics

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ICE

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Average Value
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Sold Price
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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 -- $409,100 $266,900 $142,200
2023 -- $302,800 $266,900 $35,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2025 06/10/25 For Sale $799,950 -- $385 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $525,000 New Conventional
Previous Owner $0 New Conventional
Source: Public Records

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2391990

Northwest Multiple Listing Service (NWMLS)

APN: 901105-0010