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Listed by: Jay Grauman (253) 380-3939 , Brandon Hopson (253) 970-9192 | Coldwell Banker Danforth (800) 945-4110
$1,395,000
Monthly Est:$6,943
12 Beds
8 Baths
4,704sqft
3118 Morrison Rd W #A-D, University Place, WA 98466
$1,395,000
$6,943/moEst:
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Multi Family
Built in 1988
$-- HOA
16,553 sqft lot
$297/sq.ft
Description
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!
- Houzeo last checked: 0 minutes ago
- Listing updated: November 11, 2026 at 8:43 pm
- Source: Northwest Multiple Listing Service as distributed by MLS GRID | MLS#: NWM2602514
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1988
HOA Fees
-
Finished Area
4,704 sqft
Lot Size
16,553 sqft lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service as distributed by MLS GRID
MLS Number
NWM2602514
MLS Status
Active
Cumulative Days Active
1
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 12
Bathrooms: 8
Interior
Exterior Features
Wood, Wood Products
Cooling
None
Sewer
Sewer Connected
Heating
Wall Furnace
Flooring
Laminate
Construction
Year Built
Year Built: 1988
Home type
Multi Family
Roof
Composition
Construction Materials
Wood
Foundation Details
Poured Concrete
Utilities & Energy
Security Features
Fully Fenced
Other Features
Subdivision Name
University Place
Lot Features
Paved
Price History
| Date | Event | Price |
|---|---|---|
11/11/2026 Source: | Listed for Sale | $1,395,000 -3.16% $297/sqft |
02/04/2022 Source: | Sold | $1,440,500 $306/sqft |
Find Homes by Property Features in University Place, WA
Based on information submitted to the MLS GRID by Northwest Multiple Listing Service as of Nov 12, 2026, 06:31AM. 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.
IDX information is provided exclusively for consumers’ personal, noncommercial use; it may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing, that the data is deemed reliable, but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any and as amended from time to time. © 2026 Northwest Multiple Listing Service. All Rights Reserved.
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