3118 Morrison Road W #A-D, University Place, WA 98466

University Place
Local realty services provided by:Better Homes and Gardens Real Estate Northwest Home Team
Listed by: jay grauman, brandon hopson
Office: coldwell banker danforth800-945-4110
MLS#:2602514
Source:NWMLS
3118 Morrison Road W #A-D,University Place, WA 98466
$1,395,000
  • - Beds
  • - Baths
  • 4,704 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$1,395,000
  • Price per sq. ft.:$296.56

About this home

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!

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Home facts

  • Year built:1988
  • Subdivision & Development:University Place
  • Listing ID #:2602514
  • Updated:November 13, 2026 at 01:41 AM

Rooms and interior

  • Flooring:Laminate
  • Living area:4,704 sq. ft.

Structure and exterior

  • Roof:Composition
  • Year built:1988
  • Building area:4,704 sq. ft.
  • Lot area:0.38 Acres
  • Lot Features:Paved
  • Construction Materials:Wood Exterior Finish, Wood Products Exterior Finish
  • Exterior Features:Deck, Fenced-Fully

Schools

  • High school:Buyer To Verify
  • Middle school:Buyer To Verify
  • Elementary school:Buyer To Verify

Utilities

  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$1,395,000
  • Price per sq. ft.:$296.56
  • Tax amount:$15,243 (2026)

Features and amenities

  • Amenities:Cable TV, High Speed Internet

Parking

  • Total parking spaces:11
  • Carport spaces:4
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of November 13, 2026. 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. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved.

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