Here’s a unique opportunity to own a versatile investment property in the heart of University Place, set on a generous 1/2-acre lot! Perfect for a modern-day house hack or traditional rental investment, this property features both a duplex and a single-family home. Each unit in the duplex offers 2 bedrooms, 1 bath, and approximately 768 sq. ft. of living space, while the single-family home includes 1 bedroom, 1 bath, and approximately 596 sq. ft. Enjoy a prime location near recreation areas, parks, freeways, schools, and shopping, making this property highly attractive to potential renters.
RARE opportunity in UP! Situated on a tranquil dead-end street in a highly sought-after neighborhood, RARE townhome-style duplex, Each unit features 3 beds, 2.5 baths, an attached two-car garage, and spacious living areas totaling over 1,800 square feet. Bedrooms are all located on the upper level for privacy. Ensuring ease of upkeep. With reliable tenants in place, consistent rental income is assured. Enjoy outdoor living in the fenced backyard with a patio, perfect for gatherings. Inside, cozy gas fireplaces add warmth, while in-unit washer/dryer hookups provide convenience. Ample storage space is found throughout, the modern floor plan. With endless possibilities for investment or personal use. ** RV or Boat park spaces an each unit**
Built in 1957 and recently upgraded, the Meadow Park apartments are a 12-unit offering sitting on Lakewood Dr and adjacent to the Meadow Park Golf Course. Resting on an acre of centrally located real estate, Meadow Park is comprised on efficiently laid out 1-bedroom 1-bath units holding modernized interior finishes. Inside you’ll find hard surface countertops, stainless steel appliance package, new cabinets, new LVP flooring, and updated bathroom and kitchen fixtures. In addition to interior improvements, current ownership has upgraded outdated plumbing, electrical, roof, siding, and landscaping. Offered to investors at an in-place cap of 6.5%, this cash flowing opportunity is well positioned to provide new ownership consistent returns.
The median home value in University Place, WA is $572,100. This is higher than the county median home value of $509,000. The national median home value is $338,100. The average price of homes sold in University Place, WA is $572,100. Approximately 56.06% of University Place homes are owned, compared to 38.94% rented, while 5.01% are vacant. University Place real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a University Place real estate agent to arrange a tour today!
University Place, Washington 98467 has a population of 34,565. University Place 98467 is less family-centric than the surrounding county with 32.32% of the households containing married families with children. The county average for households married with children is 32.93%.
The median household income in University Place, Washington 98467 is $84,673. The median household income for the surrounding county is $82,574 compared to the national median of $69,021. The median age of people living in University Place 98467 is 37.5 years.
The average high temperature in July is 77 degrees, with an average low temperature in January of 36.5 degrees. The average rainfall is approximately 41 inches per year, with 2.9 inches of snow per year.