Property Details
3023 Bridgeport Way W #B
University Place, WA 98466
$879,000
Active
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Property Overview
Lender-Paid 1-0 Temporary Buydown available with Preferred Lender on a Conventional Loan! Whether you're looking to offset your mortgage by living in one unit or expand your investment portfolio, this University Place duplex delivers exceptional flexibility. Vacant Unit B is ready for immediate occupancy or leasing, while spacious layouts, attached garages, and a private setting create a lifestyle rarely found in multifamily properties. Recent improvements include exterior paint, a newer furnace, and water heater for added peace of mind. Seller is offering a $4,000 credit at closing as an added incentive for the next owner. Conveniently located just minutes from UP Town Center, Chambers Bay, parks, shopping, dining, Tacoma, and JBLM, this is a unique opportunity to own in one of the area's most desirable communities.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Pierce
Neighborhood
University Place
Listed
Mar 31, 2026
Original Price
$899,000
Structure Type
Duplex
Parcel Number
9435000164
Tax & HOA
Annual Property Tax
$9,578 (2025)
Est. Monthly Tax
$798/mo
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
Community & Access
Directions
GPS Friendly. Exit Bridgeport onto 31st St W. Property is all the way down and on the left. Please allow parking for tenant on unit A.
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 July 29, 2026 2:20 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.
