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1917 -1919 Willow Lane W University Place, WA $ 1,000,000
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1917 -1919 Willow Lane W
$ 1,000,000
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1917 -1919 Willow Lane W

University Place, WA, 98466
$ 1,000,000
Baths0.0 Sq 3,548

Monthly Estimate*

$ 6,157

Listed by Keller Williams Rty Tacoma
1917 -1919 Willow Lane W, University Place, WA 98466 - Image 1
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1917 -1919 Willow Lane W, University Place, WA 98466 - Image 7
1917 -1919 Willow Lane W, University Place, WA 98466 - Image 8
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Studio

Multi-Family Home for sale in University Place, WA

for $1,000,000. This 3,548 square foot home was built in 1965 on a lot size of 0.357.

Exceptional duplex offering breathtaking Puget Sound and Olympic Mountain views. Family-built, meticulously maintained, 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 both units fully renovated 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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Multi-Family Active

Price

$ 1,000,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 11,525

Style

Duplex

Lot Size

0.357

Year Built

1965

Town/City

University Place

County/Region

Pierce

MLS | Web ID

2541334
Features
General
Living Area 0
Sewer Sewer Connected
Heating Forced Air
Cooling Central Air
Possession Closing
Roof Composition
HOA Fee 0
Garage Spaces 4
Year Built 1965
Property Subtype Multi Family
Tax Year 2026
County Pierce
Net Operating Income 62574
Insurance Expense 2318
New Construction N
Property Type Residential Income
HOA N
Subdivision Name University Place
Possible Use Residential
Special Listing Conditions None
Status Active
Directions From S Jackson Ave/Bridgeport Way W Head West on 19th St W. Turn Left on Willow Lane W. ( No street sign) Property on the Left private Rd.
High School Curtis Snr High
City University Place
Senior Community Y/N N
High School District University Place
Zoning Description Residential
Number Of Units Total 2
MLS Area 32 - University Place
Lot Size Units Square Feet
Lot Size Square Feet 15552
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Conventional FHA VA Loan
Elementary School University Pl Primar
Tax Annual Amount 11525
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Curtis Jnr High
Public Remarks Exceptional duplex offering breathtaking Puget Sound and Olympic Mountain views. Family-built meticulously maintained and thoughtfully managed this property reflects true pride of ownership and stewa
Leasable Area 3468
Structure Type Duplex
Building Area Units Square Feet
Standard Status Active
Amenities Basement
Water Company Tacoma Public Utilities
Units Below Grade true
Units In Building Total 2
Water Sewer Garbage 1200
Property Style 52 - Duplex
Cap Rate 6.2
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Exterior
Exterior Amenities Stone Wood
Lot Features Paved
Water Source Public
Total Parking 6
Foundation Details Poured Concrete
Building Area Total 3548
Lot Size Acres 0.357
Waterfront Y/N N
Covered Spaces 4
Irrigation Water Rights Y/N N
Site Features Cable TV Deck
Parking Uncovered Total 2
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Interior
Flooring Carpet
Total Fireplaces 0
Total Stories 1
Air Conditioning Y/N Y
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 NWM2541334
Street Number 1 1917
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* Excluded Features
List By
Brian Thayer

Listing Agent

Keller Williams Rty Tacoma

Broker

Affordability Calculator

$7,118
Per Month
87%
13%
0%
Monthly Principal & Interest
$6,157
Monthly Property Taxes
$960
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
257443 Elementary School
257139 Middle School
Curtis Snr High High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
6/19/2026$1,000,000 Listed Price

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1917 -1919 Willow Lane W, University Place, WA, 98466 is a Multi-Family Home for sale at $1,000,000 with 3,548 sqft and a lot size of 0.357. 1917 -1919 Willow Lane W is a studio with 0.0 baths and was built in 1965. The property's zip code is 98466 which is in University Place, WA

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