University Place Homes under $500,000

University Place Homes under $500,000

Welcome to University Place, Washington, a vibrant community nestled in the heart of Pierce County. Known for its picturesque landscapes and friendly atmosphere, University Place offers a perfect blend of suburban tranquility and urban convenience. With its proximity to Tacoma and easy access to major highways, residents enjoy the best of both worlds—peaceful living with the excitement of city life just a short drive away.

University Place is renowned for its excellent schools, making it a desirable location for families. The area boasts a variety of parks, recreational facilities, and scenic waterfront views, providing ample opportunities for outdoor activities. Whether you are hiking along the picturesque trails of Chambers Bay or enjoying a leisurely stroll through the local parks, the natural beauty of University Place is sure to impress.

For homebuyers seeking affordability without compromising on quality, University Place presents an exciting opportunity. The market features a selection of charming homes priced under $500,000, making it an ideal choice for first-time buyers, young professionals, and families alike. From cozy single-family homes to modern townhouses, there’s something to suit every taste and lifestyle.

With its strong sense of community, excellent amenities, and beautiful surroundings, University Place is more than just a place to live—it's a place to thrive. Explore the potential of this remarkable area and discover the perfect home that fits your budget and lifestyle today!

Newest University Place Homes under $500,000

4615 Grandview Drive W Unit #B, University Place
$340,000
2 Beds ⋅ 2 Baths ⋅ 2600869 MLS ⋅ ACTIVE Status
LOCATION, LOCATION, LOCATION! Walk to Chamber's Bay Golf Course, trails & parks from your top floor, corner condo overlooking trees & nature. Vaulted ceilings, abundant natural light & an open-concept design create a bright, spacious feel. The kitchen features generous cabinetry, ample counter space & pantry storage, flowing seamlessly into the dining & living areas with a cozy wood-burning fireplace. A spacious primary bedroom with full bath plus another large bedroom & 2nd full bath. Step onto your private deck to BBQ, relax & catch beautiful sunsets & views of the Sound & Mountains. Additional features include newer flooring, in-unit laundry, updated lighting, remodeled bathrooms new roof, exterior paint & windows. Includes one garage parking space plus an additional reserved outdoor space. Step outside & enjoy miles of scenic trails, world-class golf, a dog park, Playground by the Sound & nearby shopping. Move-in ready & perfectly situated for easy, low-maintenance living. University Place Schools. Your walkable Chambers Bay lifestyle awaits!

4615 Grandview Drive W Unit #B, University Place

Listing Broker: BCR LLC; Heather Redal; 253-363-5920; heather@redalhomes.com

7117 40th Street W Unit #5, University Place
$425,000
2 Beds ⋅ 2 Baths ⋅ 2596383 MLS ⋅ ACTIVE Status
Location, location, location! Tucked away in secluded Hiddenwood West, just one block from University Place City Center, this private end-unit condo offers low-maintenance, one-level living with room for your ideas! An inviting open layout connects the spacious living room, dining area, and kitchen, while access to two decks makes outdoor dining, morning coffee, and relaxing a breeze. Fresh interior paint and new carpet create a welcoming canvas,move in and make it your own! The primary bedroom features a separate vanity area, walk-in closet, and access to a continental bath. A second bedroom off the entry offers flexibility for guests, a den, or an office. A laundry room, additional ¾ bath, and attached two-car garage add everyday convenience. Need space for hobbies or projects? The unfinished basement includes plumbing and a sink, offering storage, workshop space, and potential for future finished living space, buyer to verify. A newer furnace and heat pump provide year-round comfort. Community amenities include a clubhouse, RV parking, sport court, and additional nearby parking. Close to Chambers Bay! Appraised at $473,000 in April 2026, discover the possibilities!

7117 40th Street W Unit #5, University Place

Listing Broker: Best Choice Realty LLC; Candice Frazier; 253-222-9923; candice@bestchoicerealtywa.com

8315 Cirque Drive W Unit #1, University Place
$305,000
2 Beds ⋅ 2 Baths ⋅ 2592878 MLS ⋅ ACTIVE Status
Enjoy this 2bd 1 1/2bth 2 story condo in the gated community of Somerset in University Place. Close to shopping, parks, schools and freeway. Small community of 30 condos, car wash station, RV/Camper storage space, hiking trails, and swimming pool. The unit has a beautiful masonry fireplace downstairs in the living room, central vacuum system, half bath on the main level and the 2 bedrooms are upstairs with the full bathroom. 2 private parking spots right in front of the unit.

8315 Cirque Drive W Unit #1, University Place

Listing Broker: Dove Realty, Inc.; Walter Scamehorn; 253-370-5454; doverealtywa@gmail.com

8323 Cirque Drive W Unit #2, University Place
$307,000
2 Beds ⋅ 2 Baths ⋅ 2587380 MLS ⋅ ACTIVE Status
Welcome to Somerset Place! This well-maintained ground-floor condo offers easy, single-level living with no stairs inside the unit. The 933 sq ft floor plan features 2 bedrooms and 1.5 baths, with laminate flooring throughout and a beautiful floor-to-ceiling brick fireplace that creates a warm focal point in the living room. The kitchen offers plenty of cabinet space, and all appliances stay. The primary bedroom features a walk-in closet and private half bath. Full-size washer and dryer are conveniently located in the unit. Step outside to enjoy your patio space, or take advantage of the community amenities including an in-ground swimming pool, car wash station and RV/camper storage. Gated community in a convenient University Place location, close to Chambers Bay and all the shopping, dining and recreation the area has to offer.

8323 Cirque Drive W Unit #2, University Place

Listing Broker: Coldwell Banker Danforth; Jay Grauman; 253-380-3939; jaygrauman@outlook.com

4501 Grandview Drive W Unit #T313, University Place
$217,000
2 Beds ⋅ 2 Baths ⋅ 2587770 MLS ⋅ ACTIVE Status
Rare Opportunity. Best price in University Place. Partial views of the sound from your deck. Welcome to Regency Park condo in University Place. Walking distance to schools, parks, trails, the world-renowned Chambers Bay Golf course. Not far from Whole foods, Trader Joes and locally owned Harbor Greens Market. New interior paint, new vinyl plank flooring. Unit is located on the 3rd floor partial views of Puget Sound from your deck & beautiful skies in the fall, winter, spring & summer. 2 bedrooms, 1 1/2 bath. Additional exterior storage and a reserved parking space just steps away from front entrance. Washer and dryer conveniently in unit.

4501 Grandview Drive W Unit #T313, University Place

Listing Broker: Berkshire Hathaway HS SSP; Kathy Goertz; 253-241-0910; kathyandjim@bhhssouthsound.com

4501 Grandview Drive W Unit #T221, University Place
$214,995
2 Beds ⋅ 2 Baths ⋅ 2573802 MLS ⋅ ACTIVE Status
Welcome home to this 2BD/2BA beautifully maintained condominium in Regency Park right in the heart of University Place! Step into an updated kitchen with quartz counters, new interior paint, new water heater, and new flooring throughout the home. This condominium features a primary suite with a private bath. Regency Park offers exceptional amenities including a clubhouse, two private pools, security systems, elevators and private carport spaces. Close to all University Place has to offer as well as the University Place school district!

4501 Grandview Drive W Unit #T221, University Place

Listing Broker: Better Properties UP/Fircrest; Evann Grealish; 253-225-9327; evanngrealish@gmail.com

6925 52nd Avenue W, University Place
$375,000
2 Beds ⋅ 1 Baths ⋅ 2572005 MLS ⋅ ACTIVE Status
6925 52nd Ave W is a single-story University Place cottage set on a large lot with mature trees and a detached outbuilding. The kitchen offers white cabinetry, full appliances, and wood-look flooring, connecting to a living and dining area with abundant natural light. Several bedrooms feature carpet or wood-look floors, and the full bathrooms include pedestal sinks with a tub-and-shower blend, one finished with marble-look surrounds. Wood-paneled interior rooms and an enclosed sunroom add flexible living space, while a separate barn-style structure provides storage or workshop potential. The expansive yard surrounds the home with open lawn and room to spread out. Character-filled interiors and a functional layout complete this well-maintained residence with usable features throughout every room.

6925 52nd Avenue W, University Place

Listing Broker: Opendoor Brokerage, LLC; Sharon Parmenter; 206-202-8947; Sharon.Parmenter@opendoor.com

8305 Cirque Drive W Unit #4, University Place
$284,950
2 Beds ⋅ 2 Baths ⋅ 2569286 MLS ⋅ ACTIVE Status
MAJOR UPDATE: Seller will pay 12months of HOA for the buyer; 1 whole year of no HOA fees!! Welcome to Somerset Place; a quiet, gated community at the edge of a green belt & close to Chambers Bay. The HOA budget has been given a full overhaul to ensure NO surprise special assessments & that repairs are already covered! This two-story unit sits at ground level, with no neighbors above or below. Sturdy LVP floors, large updated windows providing plenty of natural light, all new interior paint, & a wood fireplace create a fresh yet cozy atmosphere. Each level is equipped with excellent storage: built-in shelving in the living room, multiple hall closets, and bedroom closets with storage systems. In-unit laundry, an updated powder room on the main floor, & breakfast nook make daily living easy. Upstairs, both bedrooms are spacious, with the primary suite connecting to the fully remodeled continental bathroom & a private deck facing the forest. The unit includes 2 parking spaces along with plenty of parking for visitors, a separate exterior storage unit, & RV/boat storage available on-site. Enjoy more of the beautiful surroundings by taking the trail through the greenbelt, starting your very own garden in the backyard of the unit, or cool off in the newly renovated pool. Also, good news, there’s no special assessment! Only minutes away from Trader Joe’s, Whole Foods, & all University Place has to offer, this condo is perfect for someone looking for an effortless, verdant life.

8305 Cirque Drive W Unit #4, University Place

Listing Broker: Best Choice Realty LLC; Hannah Gilmore; 253-548-7941; home@hclarkegilmore.com

4601 Grandview Drive W Unit #R317, University Place
$218,000
2 Beds ⋅ 2 Baths ⋅ 2561218 MLS ⋅ ACTIVE Status
Discover easy, low-maintenance living in this bright, move-in ready top-floor end-unit condo in the heart of University Place. Offering exceptional privacy with no neighbors above and windows on multiple sides, this home is filled with abundant natural light throughout. The thoughtfully designed floor plan features a spacious living room, dedicated dining area, updated flooring & paint and an inviting kitchen with stainless steel appliances. From the living room you'll find access to a private balcony—perfect for enjoying your morning coffee or relaxing at the end of the day. Two generously sized bedrooms with a convenient Jack-and-Jill bathroom, creating a comfortable and functional layout. Additional exterior storage and a reserved parking space add everyday convenience. Residents enjoy secure building access, beautifully maintained grounds, swimming pools, and community amenities. Ideally located just minutes from Chambers Creek Regional Park, shopping, restaurants, schools, golf, and everyday conveniences, with HOA dues covering water, garbage, and basic cable for truly carefree living.

4601 Grandview Drive W Unit #R317, University Place

Listing Broker: Keller Williams Rty Tacoma; Marqui Makupson; 253-576-5698; marquimakupson@kw.com

4501 Grandview Drive W Unit #T304, Tacoma
$199,000
2 Beds ⋅ 2 Baths ⋅ 2533641 MLS ⋅ ACTIVE Status
Welcome to this beautifully remodeled 2-bedroom condo in the heart of University Place! Ideally located near parks, schools, shopping, and everyday conveniences, this move-in ready home offers comfort and low-maintenance living. The thoughtfully designed layout features an inviting entry, updated kitchen, dining area, and spacious living room with access to a private balcony and additional exterior storage space. The two bedrooms are connected by a convenient Jack-and-Jill bathroom, creating a functional and comfortable floor plan. Enjoy community amenities including swimming pools and condo facilities. One covered parking space and an additional storage locker are included. HOA dues include water, garbage, and basic cable, making for easy living in a desirable location.

4501 Grandview Drive W Unit #T304, Tacoma

Listing Broker: Washington Realty Group; Jim Clifford; 253-826-7513; jimclifford@wrgpra.com

2621 Mountain View Avenue W Unit #9B, Tacoma
$268,000
2 Beds ⋅ 2 Baths ⋅ 2449468 MLS ⋅ PENDING SHORT SALE Status
Short Sale Approved Price! $268,000 with 1% paid closing costs! Walk into a home with equity! Darling 2 Story End Unit Townhome in FULLY GATED Community! 2 bedroom, 1 1/2 bath 1,156 SF two-story condo. Home features beautiful laminate flooring, newer carpet, updated panel, double-pane windows, Washer and Dryer on main floor and wood fireplace in living room. Both bedrooms upstairs, split with a really cool full bathroom with separate vanities and closets. The back deck provides privacy w/ partial fencing. Enjoy living in the heart of UP w/ this low maintenance unit. Close to Shopping, Entertainment and Restaurants. Additional exterior storage space is provided w/ a covered parking spot!

2621 Mountain View Avenue W Unit #9B, Tacoma

Listing Broker: eXp Realty; Rebecca Elliott Googins; 253-686-6075; rebeccasellinghomes@gmail.com

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Based on information submitted to the MLS GRID as of . 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.
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