3118 Morrison Road W #A-D, University Place, WA 98466 (MLS # 2602514)

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Listing provided courtesy of Northwest MLS<BR>Listing Broker: Coldwell Banker Danforth; Jay Grauman; 800-945-4110; [email protected]

PRICE $1,395,000
BEDS 0
BATHS 0
HOME SIZE 4,704 sqft
LOT SIZE 16,553 sqft
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5.9% CAP RATE! Fantastic investment opportunity in desirable University Place! This fully rented 4-plex offers immediate rental income with a strong rental history and an excellent location within the highly sought-after University Place School District. Each spacious unit features 3 bedrooms, 1.75 baths, an open kitchen with eating space, separate dining area, generous living room with fireplace, in-unit laundry, and a private covered deck with storage. Thoughtful floor plans offer added privacy with a separate hallway leading to the primary suite and attached bath. Property also features ample parking, including 4 covered spaces, and a large common area. Conveniently located near shopping, dining, transit, and everyday amenities. A great opportunity to add a fully occupied, income-producing property to your investment portfolio!

LAST UPDATED 11/11/2026 TRACT University Place
YEAR BUILT 1988 COMMUNITY University Place
COUNTY Pierce STATUS Active
PROPERTY TYPE(S) Multi Family

SCHOOLS
Elementary School Buyer To Verify
Jr. High School Buyer To Verify
High School Buyer To Verify


ADDITIONAL DETAILS
AIR None
AREA 34 - University Place
HEAT Electric, Wall Furnace, Wood
LOT 0.38 acre(s)
LOT DESCRIPTION Paved
MLS STATUS Active
STORIES 2
STYLE 54 - 4-Plex
SUBDIVISION University Place
TAXES 15243
UTILITIES Cable Available, Sewer Connected
ZONING Multi-Family

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Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 11/11/26 8:26 PM PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.

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