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(253) 209-4200
Real Estate Company
4664 -4666 67th Avenue Ct W, University Place, WA 98466
- $1,100,000
- 3,156
- SqFt
Listing Broker: Windermere Prof Partners; James A. Fisher; 830-212-0580; jfisher@windermere.com
- List Price
- $1,100,000
- Status
- ACTIVE
- MLS#
- 2595129
- Days on Market
- 0
- Style
- 52 - Duplex
- Building Condition
- Good
- Finished SqFt
- 3,156
- Area Total SqFt
- 3156
- Annual Tax Ammount
- 10088
- Lot Size (sq ft)
- 14,008
- Sewer
- Sewer Connected
Property Description
Single-level living and investment flexibility in University Place! This ranch-style duplex offers two spacious residences, each featuring 3 bedrooms, 2 bathrooms, approximately 1,578 sq ft and an attached 2-car garage. The generous layouts provide comfortable living space, while one-story design adds everyday convenience. Located within the University Place School District and situated off 67th, the property offers easy commuting options. Both residences are occupied by long-term tenants, with current rents below market presenting potential for future income growth. The seller has obtained approval for condominium conversion, creating an opportunity for separate ownership and individual resale upon completion of the conversion. Hold both residences as an investment, explore future owner-occupancy with rental income from the other side to help offset mortgage costs, or pursue individual ownership as your needs evolve. The layout also offers possibilities for multigenerational living: separate homes provide privacy and independence while keeping loved ones close. With a full 3-bedroom, 2-bath home and an attached garage on each side, each residence offers the space and functionality to stand on its own. Established tenancies, single-level floor plans and an approved path toward condominium ownership make this a versatile opportunity with several options for the next owner. Consider the possibilities for rental income, future personal use or separate resale in University Place.
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Additional Information
- List Date
- 2026-10-15 15:28:14
- Community
- University Place
- Net Operating Income
- $30,316
- Gross Adjusted Income
- $42,000
- Gross Scheduled Income
- $42,000
- Total Monthly Income
- $3,500
- Water/Sewer/Garbage Expenses
- $1,596
- Gross Rent Multiplier
- 22.5
- Total Expenses
- $11,684
- Cap Rate
- 3.2
- Total Number of Units
- 2
- Unit Name
- 4664
- Potential Terms
- Cash, Conventional, FHA, Owner Will Carry, VA Loan
- Year Built
- 1997
- Roof
- Composition
- Energy Source
- Electric, Natural Gas
- School District
- University Place
- Elementary School
- Evergreen Primary
- Middle School
- Curtis Jnr High
- High School
- Curtis Snr High
- Total Monthly Income
- $3,500
- Gross Scheduled Income
- $42,000
- Gross Adjusted Income
- $42,000
- Tax Year
- 2026
- W/S/G Expenses
- $1,596
- Total Expenses
- $11,684
- Net Operating Income
- $30,316
- Gross Rent Multiplier
- 22.5
- Cap Rate
- 3.2
Based on information submitted to the MLS GRID as of . 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 noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.