4504 67th Avenue W, University Place, WA 98466

$785,000
2,878
SqFt

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Listing courtesy of Park 52, Inc.. Selling Office: ZNonMember-Office-MLS.

Sold Price
$785,000
List Price
$825,000
Status
SOLD
MLS#
2505271
Closing Date
May 12, 2026
Days on Market
6
Style
52 - Duplex
Building Condition
Good
Finished SqFt
2,878
Area Total SqFt
2878
Annual Tax Ammount
9322
Lot Size (sq ft)
20,000
Sewer
Sewer Connected

Property Description

Bright and airy duplex featuring an open-concept living space with vaulted ceilings, skylights, and a cozy gas fireplace. The kitchen comes fully equipped with all appliances and overlooks the dining area—perfect for entertaining. Each unit offers 3 bedrooms and a spacious 1¾-bath layout, with extra storage in the laundry room for added convenience. Enjoy a private backyard, ideal for relaxing or hosting outdoor gatherings. Ideally located just minutes from University Place Town Center, Cirque Park, and Chambers Bay. Long-term tenants already in place offer immediate, stable cash flow, making this a turnkey investment opportunity with consistent income potential.

Additional Information

List Date
2026-05-06 00:00:00
Community
University Place
Net Operating Income
$33,395
Gross Adjusted Income
$49,392
Gross Scheduled Income
$50,400
Total Monthly Income
$4,200
Insurance Expenses
$1,600
Water/Sewer/Garbage Expenses
$2,700
Gross Rent Multiplier
16
Total Expenses
$15,997
Cap Rate
4
Vacancy Rate
2
Total Number of Units
2
Unit Name
4504
Potential Terms
Cash, Conventional, FHA, VA Loan
Year Built
1994
Roof
Composition
Site Features
Cable TV, Fenced-Partially, Patio
Other Expenses
2375
Energy Source
Electric, Natural Gas
School District
University Place
Total Monthly Income
$4,200
Gross Scheduled Income
$50,400
Vacancy Rate
2
Gross Adjusted Income
$49,392
Tax Year
2026
Insurance Expense
$1,600
W/S/G Expenses
$2,700
Total Expenses
$15,997
Net Operating Income
$33,395
Gross Rent Multiplier
16
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.
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