Property Details
6222 54th Avenue Ct W
University Place, WA 98467
$675,000
Pending
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Property Overview
Excellent investment opportunity in sought-after University Place! This duplex features two spacious 3 bed, 1.75 bath units with approx. 1,400 SF each. Functional layouts include ensuite bedrooms downstairs, covered decks off the dining rooms, and attached 1-car garages for both units. Major updates include a newer roof and septic system. Prime location directly across from Meadow Park Golf Course with easy access to shopping, dining, and amenities. Units are ready for cosmetic updates, offering excellent sweat equity and upside potential for the next investor.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Pending
County
Pierce
Neighborhood
University Place
Listed
May 18, 2026
Original Price
$725,000
Structure Type
Duplex
Parcel Number
3472000040
Tax & HOA
Annual Property Tax
$7,690 (2026)
Est. Monthly Tax
$641/mo
Financial Summary
Cap Rate
6.60%
Net Operating Income
$47,810
Gross Scheduled Income
$60,000
Gross Rent Multiplier
12.08
Total Expenses
$9,190
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
2,800
Leasable Area
2,800 sqft
Total Units
2
Lot Size
12,001 sqft
Year Built
1989
Exterior & Lot
Lot Size
0.28 sqft
Year Built
1989
Garage
2 spaces
Exterior Materials
Wood
Sewer
Septic Tank
Water Source
Public
Lot Features
Cul-De-Sac, Dead End Street, Paved
Exterior Features
Wood, Wood Products
Community & Access
Directions
GPS Friendly
Location
City
University Place
County
Pierce
Coordinates
47.20034, -122.51028
Additional Information
Tax Year
2026
Annual Taxes
$7,690
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.
