5116 54th Street W, University Place, WA 98467
- $510,000
- 1,939
- SqFt
Listing courtesy of Theory Real Estate. Selling Office: Theory Real Estate.
- Sold Price
- $510,000
- List Price
- $620,000
- Status
- SOLD
- MLS#
- 2385226
- Closing Date
- Oct 02, 2025
- Days on Market
- 89
- Style
- 52 - Duplex
- Finished SqFt
- 1,939
- Area Total SqFt
- 1939
- Annual Tax Ammount
- 575
- Lot Size (sq ft)
- 23,522
- Sewer
- Septic Tank
Property Description
Opportunity knocks here in the heart of University Place. One level Duplex, Rent both units or live in one unit and rent the other. 2bed/ 1.5 bath W/D hookup, 1 car garage and lots of extra parking on each side. Quiet dead end street with easy access to JBLM, Tacoma, I-5, Hwy 16, the Sounder Train, golf course, Puget Sound beaches, Tacoma Community College, and lots of shopping and services. Landlord pays water, electricity, and garbage.
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Additional Information
- List Date
- 2025-07-05 00:00:00
- Community
- University Place
- Net Operating Income
- $3,075
- Gross Adjusted Income
- $3,075
- Gross Scheduled Income
- $3,075
- Total Monthly Income
- $4,000
- Insurance Expenses
- $100
- Water/Sewer/Garbage Expenses
- $100
- Gross Rent Multiplier
- 214
- Total Expenses
- $925
- Cap Rate
- 4
- Total Number of Units
- 2
- Unit Name
- 5116
- Potential Terms
- Cash Out, Conventional, FHA, VA Loan
- Year Built
- 1976
- View
- Territorial
- Roof
- Composition
- Site Features
- Fenced-Partially, Patio
- Electric Expenses
- 150
- Energy Source
- Electric
- School District
- Tacoma
- Total Monthly Income
- $4,000
- Gross Scheduled Income
- $3,075
- Gross Adjusted Income
- $3,075
- Tax Year
- 2025
- Insurance Expense
- $100
- W/S/G Expenses
- $100
- Total Expenses
- $925
- Net Operating Income
- $3,075
- Gross Rent Multiplier
- 214
- Cap Rate
- 4
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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.