Property Details
3023 Bridgeport Way W #B
University Place, WA 98466
$899,000
Active
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Property Overview
Lender-Paid 1-0 temporary Buydown with Preferred Lender on Conventional Loan! Versatile University Place duplex offering an opportunity for both owner-occupants and investors alike. Vacant Unit B is move-in ready, making it ideal for buyers looking to live in one unit while generating rental income from the other, or investors seeking immediate leasing potential. Spacious floor plans, attached garages, and a private setting make this property stand out from typical multifamily options. Recent improvements include exterior paint, furnace, and water heater, helping reduce near-term maintenance concerns. Conveniently located near UP Town Center, Chambers Bay, shopping, dining, parks, and easy access to Tacoma and JBLM. A rare chance to own an income-producing property in a highly desirable location.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Pierce
Neighborhood
University Place
Listed
Mar 31, 2026
Financial Summary
Cap Rate
2.00%
Net Operating Income
$17,360
Gross Scheduled Income
$38,462
Gross Rent Multiplier
23.00
Total Expenses
$21,102
Vacancy Rate
50.0%
Building & Use
Building Sq Ft
3,500
Leasable Area
3,500 sqft
Total Units
2
Lot Size
25,605 sqft
Year Built
1975
Exterior & Lot
Lot Size
0.59 sqft
Year Built
1975
Garage
3 spaces
Exterior Materials
Wood
Sewer
Sewer Connected
Exterior Features
Wood, Wood Products
Location
City
University Place
County
Pierce
Coordinates
47.23182, -122.53544
Additional Information
Tax Year
2025
Annual Taxes
$9,578
Possession
Array
Based on information submitted to the MLS GRID as of May 13, 2026 9:45 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.
