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University Place, WA Multifamily Home for Sale

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    $875,000

    • 8 Beds
    • 4 Baths

    5012 S 58th St, Tacoma, WA 98409

    Solid Tacoma 4-plex investment with recent renovations and strong current performance. The owner has completed major upgrades, including new water heaters, appliances, flooring, paint, and deck repairs. Based on 2025 YTD actuals with tenant utility reimbursements, the property is operating near a ~7.0% cap (~$62,800 NOI) at asking. With full occupancy and normalized expenses, stabilized

    Linda Kahle Real Broker LLC

    5012 S 58th St, Tacoma, WA 98409

Why Live in University Place

University Place, WA, is a city that offers a suburban feel with abundant outdoor recreation and highly rated schools. The University Place School District ranks among the top 10 in the state, with Sunset Primary School, Narrow View Intermediate School, Curtis Junior High, and Curtis Senior High all receiving high ratings. Chambers Creek Regional Park is a major attraction, featuring the Chambers Bay Golf Course, a two-mile walking trail, a dog park, and access to the waterfront for swimming and sunset views. The park is a hub for outdoor activities, including walking, golfing, and dining at the clubhouse. University Place also has several neighborhood parks with playgrounds, athletic fields, and courts for tennis and pickleball. Housing in University Place includes a mix of single-family homes, apartments, and condos, with many properties offering views of the Olympia Mountains or Puget Sound. The local dining scene is centered around Bridgeport Way and 27th Street, with popular spots like Happy Duo Café, Lefty’s Burger Stand, and Bliss Small Batch Creamery. The city hosts several seasonal events, including the beloved Duck Daze and Community Harvest Day at Curran Apple Orchard. Located six miles from Tacoma, University Place is car-dependent, with Route 16 and Interstate 5 providing access to Seattle, which is 38 miles away. SeaTac International Airport is the nearest major airport, 30 miles from the city.

Home Trends in University Place, WA

Housing Trends

Median Sale Price
$675,000
Median Single Family Sale Price
$705,000
Median Townhouse Sale Price
$597,475
Median 2 Bedroom Sale Price
$379,000
Median 1 Bedroom Sale Price
$799,950
Average Price Per Sq Ft
$352
Number of Homes for Sale
44
Last 12 months Home Sales
286
Months of Supply
1.80
Median List Price
$689,999
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
5%
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