Listed by Pat Busick • Engel & Volkers Chambers Bay. Bought with Kelly Right RE of Seattle LLC.
Off Market Oct 2023 for $1.3M
$1,622,376
—
bd
•
— ba
•
6,728
sq ft
3006 Morrison Rd W, University Place, WA 98466
About this home
Discover an exceptional investment opportunity in the heart of University Place - not one, but TWO duplexes, each with 3 generously-sized bedrooms and 1.75 baths in each unit. Tenants love the vaulted ceilings and thoughtfully designed spaces. Each unit has a living room, rec room and deck with fully fenced yard providing privacy. A sprawling extra-large lot provides ample space for cars, combined with the ease of attached one car garages for each unit. New roof installed on 3008 A/B 2 years ago and each unit has undergone periodic updates. UP school district and a high walkability score to UP town center make this an excellent investment opportunity!
Multi-familyProperty Type
1974Year Built
0.61 acresLot Size
$241Est. Price/Sq.Ft.
14 spacesParking
Listed by Pat Busick• Engel & Volkers Chambers Bay
Bought with Angelia Porietis• Kelly Right RE of Seattle LLC
As the MLS and public records start to fill up, we'll list the details here.
Public record
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
—
Year renovated
—
Sq. Ft.
—
Year built
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Style
Multi-Family (2-4 Unit)
County
Pierce County
APN
9435000161
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Jul 29, 2025.
Property details
Parking
Parking Information
Parking Uncovered Spaces: 10
Covered Spaces: 4
Parking Features: RV Parking
Open Parking Spaces: 10
Has Open Parking
Interior
Heating & Cooling
Has Heating
Heating Information: Forced Air
Cooling Information: None
Interior Features
Interior Features: Laminate Hardwood, Laminate Tile, Wall to Wall Carpet
Flooring: Laminate, Vinyl, Carpet
Multi-Family Financial Information
Insurance Expense: $3,487
Net Operating Income: $70,628
Gross Adjusted Income: 70628
Gross Scheduled Income: $92,400
Total Monthly Income: 7700
Gross Rent Multiplier: 16.18
Total Expenses: 21772
Multi-Unit Information
Units Below Grade: false
Units In Building Total: 4
# of Units (Total): 4
Furnished: Unfurnished
Exterior
Building Information
Roof: Composition
Exterior Features
Exterior Features: Stucco, Wood
Property Information
Energy Source: Electric
Style Code: 54 - 4-Plex
Property Type: Residential Income
Property Sub Type: Multi Family
Property Condition: Good
Has View
Land Information
Possible Use: Multi-Family
Lot Information
MLS Lot Size Source: Tax Records
Site Features: Cable TV,Deck,Fenced-Fully,High Speed Internet,Patio,RV Parking
Lot Features: Cul-De-Sac, Paved
Lot Size Units: Square Feet
Lot Size Acres: 0.6071
Elevation Units: Feet
Financial
Tax Information
Tax Annual Amount: $13,360
Tax Year: 2023
Financial Information
Listing Terms: Cash Out, Conventional
Buyer Financing: Cash
Utilities
Utility Information
Water Source: Public
Water Company: Tacoma
Power Company: Tacoma
Sewer: Sewer Connected
Sewer Company: Pierce
Water Sewer Garbage: 4925
Location
School Information
Elementary School: Evergreen Primary
Middle Or Junior High School: Curtis Jnr High
High School: Curtis Snr High
High School District: University Place
Location Information
Directions: From I-5 N take exit 132 to Hwy 16 W. Take exit 1C to Fircrest. Turn Right on Center St which turns into Regents Blvd then veer left onto 27th St W. Left on Morrison, 4plex on right (up driveway)
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (2-4 Unit)
Year Built: —
Year Renovated: —
County: Pierce County
APN: 9435000161
Home facts updated by county records on Jul 29, 2025
Other
Listing Information
Mls Status: Sold
Listing Date Information
On Market Date: Monday, July 24, 2023
Green Information
Power Production Type: Electric
Home Information
Living Area Units: Square Feet
Calculated Square Footage: 6728
Building Area Total: 6728
Building Area Units: Square Feet
Foundation Details: Poured Concrete
Structure Type: Quadruplex
Stories Total: 2
Around this home
Schools
Evergreen Primary School
Public PreK-4 • Assigned • 0.9mi
8/10
Narrows View Intermediate School
Public 5-7 • Assigned • 1.0mi
10/10
Curtis Senior High School
Public 10-12 • Assigned • 1.0mi
9/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 86° expected this year, 14 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
7/10 Air Factor
11 unhealthy days expected this year, 12 days in 30 years
Provided by First Street
Historical weather
University Place, WA • 98466
Average low and high temperatures (°F)
48
37
49
38
54
41
62
44
67
49
73
53
78
56
78
59
72
55
61
48
53
44
49
42
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.8 hours in
June and 1.7 hours in December, placing it below the
U.S. average for solar exposure.
8.8 hrs
1.7 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$1.54M – $1.87M
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