Property Details
1917 -1919 Willow Lane W
University Place, WA 98466
$975,000
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Property Overview
Beautifully Maintained, Updated duplex offering breathtaking Puget Sound and Olympic Mountain views. Family-built, well-cared for and thoughtfully managed, this property reflects true pride of ownership and stewardship throughout. Each unit features 2 levels, 3 bedrooms, 2 bathrooms, one attached garage and a 1-car detached garage, providing the feel and functionality of a single-family home with strong tenant appeal. Recent capital improvements include both units fully renovated with quality finishes and modern updates. Rents remain significantly below current market levels, presenting an outstanding opportunity for future income growth and enhanced cash flow. Large windows capture panoramic water and mountain views, creating a living experience rarely found in multifamily properties. Located in a highly desirable University Place rental market with strong demand, this duplex offers a unique combination of quality construction, exceptional views, and value-add potential. An outstanding opportunity for investors seeking stable income, future appreciation, and long-term wealth creation.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Pierce
Neighborhood
University Place
Listed
Jun 19, 2026
Original Price
$1,000,000
Structure Type
Duplex
Parcel Number
0220102146
Tax & HOA
Annual Property Tax
$11,525 (2026)
Est. Monthly Tax
$960/mo
Financial Summary
Cap Rate
6.20%
Net Operating Income
$62,574
Gross Scheduled Income
$79,200
Gross Rent Multiplier
12.60
Total Expenses
$15,043
Vacancy Rate
2.0%
Building & Use
Building Sq Ft
3,548
Leasable Area
3,468 sqft
Total Units
2
Zoning
Residential
Possible Use
Residential
Lot Size
15,551 sqft
Year Built
1965
Exterior & Lot
Lot Size
0.36 sqft
Year Built
1965
Garage
4 spaces
Exterior Materials
Stone, Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Paved
Exterior Features
Stone, Wood
Community & Access
Directions
From S Jackson Ave/Bridgeport Way W, Head West on 19th St W. Turn Left on Willow Lane W. ( No street sign) Property on the Left, private Rd.
Location
City
University Place
County
Pierce
Coordinates
47.24173, -122.53877
Additional Information
Tax Year
2026
Annual Taxes
$11,525
Possession
Array
Based on information submitted to the MLS GRID as of August 13, 2026 1:15 PM. 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, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
