8214 42nd Street Ct W, University Place, WA 98466

$759,000
2,492
SqFt

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Listing courtesy of Century 21 Blue Chip. Selling Office: eXp Realty.

Sold Price
$759,000
List Price
$749,000
Status
SOLD
MLS#
2433643
Closing Date
Dec 02, 2025
Days on Market
188
Style
52 - Duplex
Building Condition
Very Good
Finished SqFt
2,492
Area Total SqFt
2492
Annual Tax Ammount
8249
Lot Size (sq ft)
15,503
Sewer
Septic Tank

Property Description

Huge price reduction, now a 5% Cap Rate in UP! Wonderful opportunity to own this fabulous duplex in a great area. Each unit has 3 bedrooms and a nice deck and back yard. Nice high ceilings and a living room fireplace too! Plenty of parking with a 1 car garage and 2 spaces in the driveway. This is on a dead end street too, so more privacy and less traffic. Each is in really good condition and has a heat pump.

Additional Information

List Date
2025-05-28 00:00:00
Community
University Place
Net Operating Income
$38,402
Gross Adjusted Income
$55,200
Gross Scheduled Income
$55,200
Total Monthly Income
$3,600
Insurance Expenses
$1,560
Water/Sewer/Garbage Expenses
$2,169
Gross Rent Multiplier
13.57
Total Expenses
$16,798
Cap Rate
5.12
Total Number of Units
2
Unit Name
8214
Potential Terms
Cash Out, Conventional, FHA, VA Loan
Year Built
1977
Roof
Composition
Site Features
Cable TV, Patio
Other Expenses
4820
Energy Source
Electric
School District
University Place
Total Monthly Income
$3,600
Gross Scheduled Income
$55,200
Gross Adjusted Income
$55,200
Tax Year
2024
Insurance Expense
$1,560
W/S/G Expenses
$2,169
Total Expenses
$16,798
Net Operating Income
$38,402
Gross Rent Multiplier
13.57
Cap Rate
5.12
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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