OFF MARKET

Listed by Chad Goelzer • Keller Williams Realty PS. Bought with Starnberg Realty Inc.

Off market feb 2022 for $1.4M

$1,411,560

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•

— ba

•

4,704

sq ft

3118 Morrison Rd W Unit A-D, University Place, WA 98466

About this home

Effective 11/1, NEW Cap Rate of 5.3%. Amazing opportunity to own this tenant-occupied 4-plex in University Place! Ideally located in the highly desired UP School District & walkable to shopping & transit. Each 3-bed, 1.75 bath unit has an identical layout & includes an open kitchen w/ eating space, separate dining area, spacious living room w/ fireplace, laundry area, a covered deck w/ storage, plus all appliances are included. Tenants love the unique layout that offers extra privacy via a separate hall to the master suite w/ attached bath. Outside find plenty of parking including 4 covered spots & large common area. Units have been fully occupied for 8 years, all tenants current & no vacancies. Rents increase to $2,030/month on 11/1/2021.

Multi-familyProperty Type

1988Year Built

0.38 acresLot Size

$300Est. Price/Sq.Ft.

7 spacesParking

Listed by Chad Goelzer • Keller Williams Realty PS

Bought with Brooke Bakogeorge • Starnberg Realty Inc

Redfin checked: 2 minutes ago

•Source:NWMLS as Distributed by MLS Grid #1789722

Redfin Estimate

$1,411,560

$29K since sold in February 2022$8,000 since September

Recently sold homes
Estimate history

This home's estimate is 79.8% higher than the average sale price ($785K) of 6 comparable homes.

SOLD BY REDFIN AUG 28, 2026
$775,000
A
5 beds3 baths2,952 sq ft
3118 Sylvan Dr W, University Place, WA 98466
Listing provided by nwmls
SOLD OCT 8, 2026
$475,000
B
6 beds2.5 baths2,496 sq ft
3720 70th Avenue Ct W, University Place, WA 98466
Listing provided by nwmls
SOLD BY REDFIN AUG 10, 2026
$1,075,000
C
6 beds4.5 baths5,668 sq ft
1340 Coral Dr, Fircrest, WA 98466
Listing provided by nwmls
SOLD MAY 13, 2026
$755,000
D
4 beds2 baths2,912 sq ft
3604 70th Avenue Ct W, University Place, WA 98446
Listing provided by nwmls
SOLD OCT 5, 2026
$880,000
E
5 beds4 baths4,370 sq ft
3662 82nd Avenue Ct W, University Place, WA 98466
Listing provided by nwmls
SOLD MAR 31, 2026
$750,000
F
3 beds3 baths2,608 sq ft
7119 36th St W, University Place, WA 98466
Listing provided by nwmls

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Earn from this home

Sell

$261,781

Est. take-home

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Market trends in 98466, WA

Last updated September 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-list price

100.3%

+0.3% MoM

Median sale price

$650K

$49K MoM

Avg. days on market

18d

2 days MoM

Recently sold homes

0 MoM

New listings for sale

OPEN SAT, 1PM TO 4PM
$425,000
2 beds2 baths1,205 sq ft
7117 40th St W #5, University Place, WA 98466
Candice Frazier • Best Choice Realty
$775,000
5 beds3 baths2,844 sq ft
4345 67th Ave W, University Place, WA 98466
Charles Burnett • Real Broker LLC
VIDEO TOUR
$1,100,000
6 beds4 baths3,156 sq ft
4664 -4666 67th Avenue Ct W, University Place, WA 98466
James Fisher • Windermere Prof Partners
$770,000
4 beds2.5 baths2,600 sq ft
3566 Sunset Dr W, University Place, WA 98466
John Hurlbut • Keller Williams Realty
COMING SOON
$750,000
2 beds2.5 baths1,380 sq ft
1668 S Wilton Rd, Tacoma, WA 98465
Patrick De Leon • Windermere Real Estate/East
$380,000
3 beds2 baths1,603 sq ft
1322 Boise St, Fircrest, WA 98466
Lee Ann Kooley • Windermere Prof Partners
$590,000
3 beds1 bath1,104 sq ft
3416 Elwood Dr W, University Place, WA 98466
Miles Eaton • Hawkins Poe
OPEN FRI, 2PM TO 3:30PM
$599,000
4 beds2.5 baths1,908 sq ft
1502 Cherry Ave, Fircrest, WA 98466
Ruthy Taylor • Real Broker LLC
3D WALKTHROUGH
$525,000
3 beds2 baths1,368 sq ft
3145 Vista Pl W, University Place, WA 98466
Carrie Lee Jakeman-Swafford • Park 52, Inc.
$309,000
2 beds2 baths1,603 sq ft
1334 Boise St, Fircrest, WA 98466
Mike Larson • COMPASS
See all

Provided by Redfin

Sale history for 3118 Morrison Rd W Unit A-D

Public record

Beds

—

Baths

—

Stories

—

Lot width

—

Lot depth

—

Lot size

—

Year renovated

—

Sq. Ft.

—

Year built

—

Style

Multi-Family (2-4 Unit)

County

Pierce County

APN

0220104037

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 7, 2024.

Property details

Parking

Parking Information
Parking Uncovered Spaces: 3
Open Parking Spaces: 3
Carport Spaces: 4
Has Open Parking

Interior

Virtual Tour

Heating & Cooling
Has Heating

Interior Features
Interior Features: Laminate, Wall to Wall Carpet
Flooring: Laminate, Vinyl, Carpet

Multi-Family Financial Information
Insurance Expense: $1,788
Net Operating Income: $76,712
Gross Adjusted Income: 97440
Gross Scheduled Income: $97,440
Total Monthly Income: 8120
Gross Rent Multiplier: 15
Total Expenses: 20728

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: Wood, Wood Products

Property Information
Energy Source: Electric,Wood
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: Realist
Site Features: Cable TV,Deck,Fenced-Partially
Lot Features: Paved
Lot Size Units: Square Feet
Lot Size Acres: 0.38
Lot Size Dimensions: 101' x 164' x 99' x 164'
Elevation Units: Feet

Financial

Tax Information
Tax Annual Amount: $11,220
Tax Year: 2021

Financial Information
Listing Terms: Cash Out, Conventional
Buyer Financing: Conventional

Utilities

Utility Information
Water Source: Public
Water Company: TPU
Power Company: TPU
Sewer: Sewer Connected
Sewer Company: Pierce County Sewer
Utilities: Cable Connected, Sewer Connected, Electric, Wood
Water Sewer Garbage: 7720

Location

School Information
Elementary School: Buyer To Verify
Middle Or Junior High School: Buyer To Verify
High School: Buyer To Verify
High School District: University Place

Location Information
Directions: From Hwy 16 take Jackson Ave exit. Turn south onto S Jackson Ave. Turn left on 35th St W. Turn left onto Morrison Rd W. Building on left.

Community Information
Amenities: See Remarks,Storage

Public facts

Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (2-4 Unit)
Year Built: —
Year Renovated: —
County: Pierce County
APN: 0220104037

Home facts updated by county records on Jul 7, 2024

Other

Listing Information
Mls Status: Sold

Listing Date Information
On Market Date: Wednesday, June 16, 2021

Green Information
Power Production Type: Electric, Wood

Home Information
Living Area Units: Square Feet
Calculated Square Footage: 4704
Building Area Total: 4704
Building Area Units: Square Feet
Foundation Details: Poured Concrete
Year Built Effective: 1992
Effective Year Built Source: Public Records
Structure Type: Quadruplex
Stories Total: 2

Around this home

Schools

Drum Intermediate School

Public 5-7 • Assigned • 1.4mi

8/10

Curtis Junior High School

Public 8-9 • Assigned • 1.0mi

6/10

Curtis Senior High School

Public 10-12 • Assigned • 0.9mi

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)

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

$1.34M – $1.62M

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