3023 Bridgeport Way W # B University Place, WA $ 899,000
3023 Bridgeport Way W # B
$ 899,000
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3023 Bridgeport Way W # B

University Place, WA, 98466
$ 899,000
Baths0.0 Sq 3,500

Monthly Estimate*

$ 5,535

Listed by Hawkins Poe
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Studio

Multi-Family Home for sale in University Place, WA

for $899,000. This 3,500 square foot home was built in 1975 on a lot size of 0.5878.

Well-maintained duplex set back from Bridgeport Way W, creating a private, calm setting while still offering convenient access to everyday amenities. Located 0.4 miles to University Place Town Center, Trader Joe’s, Safeway, and surrounding retail. Each unit features a spacious layout with vaulted ceilings, large windows, and two separate living areas. Both units include 2 bedrooms, 1.75 bathrooms, private deck access, garage parking, and laundry. Unit B has been updated with new interior paint and carpet in 2026 and is move-in ready, offering an ideal setup for an owner-occupant looking to live in one unit while generating income from the other or ready for a new tenant. Unit A offers a larger ~2,000 sqft layout with long-term tenancy and consistent rental history, currently leased through August, and includes a new furnace (2025) and water heater (2024). Exterior painted in 2025. Located 0.5 miles to Cirque Park and 1.5 miles to Chambers Bay Park. Zero vacancy in 18 years of ownership.

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Multi-Family Active

Price

$ 899,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 9,578

Style

Duplex

Lot Size

0.5878

Year Built

1975

Town/City

University Place

County/Region

Pierce

MLS | Web ID

2499387

Features
General
Living Area 0
Sewer Sewer Connected
Heating Forced Air
Cooling None
Possession Closing See Remarks
Roof Composition
HOA Fee 0
Garage Spaces 3
Year Built 1975
Unit Number B
Property Subtype Multi Family
Tax Year 2025
County Pierce
Net Operating Income 17360
Insurance Expense 6625
New Construction N
Property Type Residential Income
HOA N
Subdivision Name University Place
Special Listing Conditions None
Status Active
Directions GPS Friendly. Exit Bridgeport onto 31st St W. Property is all the way down and on the left. Please allow parking for tenant on unit A.
City University Place
Senior Community Y/N N
High School District University Place
Number Of Units Total 2
MLS Area 34 - University Place
Lot Size Units Square Feet
Lot Size Square Feet 25604
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Conventional FHA VA Loan
Tax Annual Amount 9578
Electric Expense 0
Fuel Expense 0
Public Remarks Well-maintained duplex set back from Bridgeport Way W creating a private calm setting while still offering convenient access to everyday amenities. Located 0.4 miles to University Place Town Center T
Leasable Area 3500
Structure Type Duplex
Building Area Units Square Feet
Standard Status Active
Units Below Grade false
Water Sewer Garbage 2605
Property Style 52 - Duplex
Cap Rate 2
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Exterior
Exterior Amenities Wood Wood Products
Total Parking 7
Building Area Total 3500
Lot Size Acres 0.5878
Waterfront Y/N N
Covered Spaces 3
Irrigation Water Rights Y/N N
Parking Uncovered Total 4
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Interior
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2499387
Street Number 1 3023
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* Excluded Features
List By
Mitch Baldridge

Listing Agent

Hawkins Poe

Broker

Affordability Calculator

$6,333
Per Month
87%
13%
0%
Monthly Principal & Interest
$5,535
Monthly Property Taxes
$798
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
257887 Elementary School
256846 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/31/2026$899,000 Listed Price

Map


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3023 Bridgeport Way W # B, University Place, WA, 98466 is a Multi-Family Home for sale at $899,000 with 3,500 sqft and a lot size of 0.5878. 3023 Bridgeport Way W # B is a studio with 0.0 baths and was built in 1975. The property's zip code is 98466 which is in University Place, WA