Property Details
3119 Bridgeport Way W
University Place, WA 98466
$750,000
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Property Overview
Great investment opportunity in University Place. This property comprises three units, designed to cater to a range of tenants—from cozy studios to a spacious 4-bedroom home. The interiors have been recently upgraded with LVP flooring, appliances, and in-unit washer/dryers. Below market rents offer room for growth. Whether you’re a seasoned investor or just starting out, this property presents an excellent opportunity to grow your portfolio. Act now and secure your foothold in this thriving market!
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Pierce
Neighborhood
University Place
Listed
Apr 6, 2026
Financial Summary
Cap Rate
5.84%
Net Operating Income
$43,851
Gross Scheduled Income
$55,740
Gross Rent Multiplier
13.45
Total Expenses
$11,889
Building & Use
Building Sq Ft
2,330
Leasable Area
2,330 sqft
Total Units
3
Lot Size
11,326 sqft
Year Built
1945
Exterior & Lot
Lot Size
0.26 sqft
Year Built
1945
Exterior Materials
Metal/Vinyl, Wood
Parking
RV Parking
Sewer
Sewer Connected
Water Source
Public
Lot Features
Open Space
Exterior Features
Metal/Vinyl, Wood Products
Location
City
University Place
County
Pierce
Coordinates
47.23096, -122.53666
Additional Information
Tax Year
2026
Annual Taxes
$7,176
Possession
Array
Based on information submitted to the MLS GRID as of April 25, 2026 5:11 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.
