1911 -1915 Willow Lane W, University Place, WA 98466
- $1,000,000
- 3,548
- SqFt
Listing courtesy of Keller Williams Rty Tacoma.
- List Price
- $1,000,000
- Status
- ACTIVE
- MLS#
- 2541333
- Days on Market
- 37
- Style
- 52 - Duplex
- Building Condition
- Good
- Finished SqFt
- 3,548
- Area Total SqFt
- 3548
- Annual Tax Ammount
- 11388
- Lot Size (sq ft)
- 15,066
- Sewer
- Sewer Connected
Property Description
Beautifully Maintained Duplex offering breathtaking Puget Sound and Olympic Mountain views. Family-built, well-cared for and thoughtfully managed, this property reflects true pride of ownership and stewardship throughout. Each unit features 2 levels, 3 bedrooms, 2 bathrooms, one attached garage and a 1-car detached garage, providing the feel and functionality of a single-family home with strong tenant appeal. Recent capital improvements include one fully renovated unit with quality finishes and modern updates. Rents remain significantly below current market levels, presenting an outstanding opportunity for future income growth and enhanced cash flow. Large windows capture panoramic water and mountain views, creating a living experience rarely found in multifamily properties. Located in a highly desirable University Place rental market with strong demand, this duplex offers a unique combination of quality construction, exceptional views, and value-add potential. An outstanding opportunity for investors seeking stable income, future appreciation, and long-term wealth creation.
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Additional Information
- List Date
- 2026-06-19 17:28:11
- Community
- University Place
- Net Operating Income
- $62,710
- Gross Adjusted Income
- $77,616
- Gross Scheduled Income
- $79,200
- Total Monthly Income
- $6,800
- Insurance Expenses
- $2,318
- Water/Sewer/Garbage Expenses
- $1,200
- Gross Rent Multiplier
- 12.6
- Total Expenses
- $14,906
- Cap Rate
- 6.2
- Vacancy Rate
- 2
- Total Number of Units
- 2
- Unit Name
- 1911 -1915
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1966
- Roof
- Composition
- Energy Source
- Natural Gas
- School District
- University Place
- Total Monthly Income
- $6,800
- Gross Scheduled Income
- $79,200
- Vacancy Rate
- 2
- Gross Adjusted Income
- $77,616
- Tax Year
- 2026
- Insurance Expense
- $2,318
- W/S/G Expenses
- $1,200
- Total Expenses
- $14,906
- Net Operating Income
- $62,710
- Gross Rent Multiplier
- 12.6
- Cap Rate
- 6.2
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.