5306 5308 51st Avenue Ct W, University Place, WA 98467
- $874,000
- 2,440
- SqFt
Listing courtesy of Real Broker LLC.
- List Price
- $874,000
- Status
- ACTIVE
- MLS#
- 2556594
- Days on Market
- 3
- Style
- 52 - Duplex
- Building Condition
- Good
- Finished SqFt
- 2,440
- Area Total SqFt
- 2440
- Annual Tax Ammount
- 7874
- Lot Size (sq ft)
- 11,798
- Sewer
- Sewer Connected
Property Description
Solid, turnkey duplex in the highly sought-after University Place area. Clean, meticulously maintained, and quality built in 2003, this property presents a rare opportunity. Each spacious unit offers 2 bedrooms, 1.75 baths, a primary suite with walk-in closet, vaulted ceilings, fireplace, and a large laundry room with in-unit washer and dryer. Situated on an oversized 11,800 SF corner lot in a quiet cul-de-sac, each unit also includes an attached two-car garage plus ample additional parking. Separate electrical and water meters. Tenants pay their own electricity, water, and garbage. Excellent opportunity for an owner-occupant / house hacker, or investor. Live in one unit and offset your mortgage with rental income or continue operating as a low-maintenance investment in one of Pierce County's most desirable rental markets.
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Additional Information
- List Date
- 2026-07-24 05:28:12
- Community
- University Place
- Net Operating Income
- $45,710
- Gross Adjusted Income
- $56,905
- Gross Scheduled Income
- $57,480
- Total Monthly Income
- $4,790
- Insurance Expenses
- $1,700
- Water/Sewer/Garbage Expenses
- $1,621
- Gross Rent Multiplier
- 14
- Total Expenses
- $11,195
- Cap Rate
- 5.25
- Vacancy Rate
- 1
- Total Number of Units
- 2
- Unit Name
- 5306 5308
- Potential Terms
- Cash, Conventional, VA Loan
- Year Built
- 2003
- View
- Territorial
- Roof
- Composition
- Site Features
- Propane
- Energy Source
- Electric, Propane
- School District
- University Place
- Total Monthly Income
- $4,790
- Gross Scheduled Income
- $57,480
- Vacancy Rate
- 1
- Gross Adjusted Income
- $56,905
- Tax Year
- 2026
- Insurance Expense
- $1,700
- W/S/G Expenses
- $1,621
- Total Expenses
- $11,195
- Net Operating Income
- $45,710
- Gross Rent Multiplier
- 14
- Cap Rate
- 5.25
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.