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5306 5308 51st Avenue Ct W University Place, WA $ 874,000
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5306 5308 51st Avenue Ct W
$ 874,000
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5306 5308 51st Avenue Ct W

University Place, WA, 98467
$ 874,000
Bedrooms4 Baths4.0 Sq 2,440

Monthly Estimate*

$ 5,519

Listed by Real Broker LLC
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Multi-Family Home for sale in University Place, WA

for $874,000 with 4 bedrooms and 4 full baths. This 2,440 square foot home was built in 2003 on a lot size of 0.2708.

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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Multi-Family Active

Price

$ 874,000

Bedrooms

4

Full Bath

4

Property Type

Multi-Family

Taxes

$ 7,874

Style

Duplex

Lot Size

0.2708

Year Built

2003

Town/City

University Place

County/Region

Pierce

MLS | Web ID

2556594
Features
General
Living Area 0
Sewer Sewer Connected
Heating Heat Pump
Cooling Heat Pump
Possession Closing Subject To Tenant Rights
Roof Composition
HOA Fee 0
Garage Spaces 4
Year Built 2003
View Territorial
Property Subtype Multi Family
Tax Year 2026
County Pierce
Net Operating Income 45710
Insurance Expense 1700
New Construction N
Property Type Residential Income
HOA N
Energy Efficient Thermal Windows
Subdivision Name University Place
Possible Use Residential
Special Listing Conditions None
Status Active
Directions **GPS May be wrong** S Orchard St West On 53rd St W Left on 51st Ave Ct W Property on right corner
City University Place
Senior Community Y/N N
High School District University Place
Zoning Description Residential
Number Of Units Total 2
MLS Area 34 - University Place
Lot Size Units Square Feet
Lot Size Square Feet 11798
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Conventional VA Loan
Tax Annual Amount 7874
Electric Expense 0
Fuel Expense 0
Property Condition Good
Public Remarks 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 b
Leasable Area 2443
Structure Type Duplex
Building Area Units Square Feet
Standard Status Active
Amenities Thermal Windows
Units Below Grade false
Units In Building Total 2
Water Sewer Garbage 1621
Property Style 52 - Duplex
Cap Rate 5.25
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Exterior
Exterior Amenities Metal/Vinyl
Lot Features Corner Lot Cul-De-Sac
Water Source Public
Total Parking 8
Foundation Details Poured Concrete
Building Area Total 2440
Lot Size Acres 0.2708
Waterfront Y/N N
Covered Spaces 4
Irrigation Water Rights Y/N N
Site Features Propane
Parking Uncovered Total 4
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Interior
Flooring Vinyl Carpet
Total Fireplaces 0
Total Stories 1
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric Propane
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2556594
Street Number 1 5306
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* Excluded Features
List By
Charles Burnett

Listing Agent

Real Broker Llc

Broker

Affordability Calculator

$6,175
Per Month
89%
11%
0%
Monthly Principal & Interest
$5,519
Monthly Property Taxes
$656
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
See complete school information
Pricing History
DatePricePrice ChangeDescription
7/24/2026$874,000 Listed Price

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5306 5308 51st Avenue Ct W, University Place, WA, 98467 is a Multi-Family Home for sale at $874,000 with 2,440 sqft and a lot size of 0.2708. 5306 5308 51st Avenue Ct W has 4 bedrooms, 4.0 baths, and was built in 2003. The property's zip code is 98467 which is in University Place, WA

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