4345 67th Avenue W, University Place, WA 98466

$775,000
2,844
SqFt

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Listing Broker: Real Broker LLC; Charles Burnett; 206-931-6036; charles@soundrealtygroup.com

List Price
$775,000
Status
ACTIVE
MLS#
2592068
Days on Market
0
Style
52 - Duplex
Finished SqFt
2,844
Area Total SqFt
2844
Annual Tax Ammount
6599
Lot Size (sq ft)
7,196
Sewer
Sewer Connected

Property Description

Unique mid-century modern/chalet-style duplex in desirable University Place! Townhome-style units feature vaulted wood ceilings, exposed beams, expansive windows, and private balconies. Unit A, intentionally left vacant for showings or an owner-occupant buyer, offers 3 bedrooms, 2 bathrooms, a carport, and a freshly remodeled interior with new appliances (market rent for this unit is ~$2,650). Occupied Unit B features 2 bedrooms, 1 bathroom, a bonus room, and an attached garage (lease through 1/31/27). Both units have laundry and separately metered water and electric. Recent upgrades include a 2024 roof with 25-year transferable warranty, newer water heaters and windows, copper plumbing, and fresh exterior paint. Ideal for owner-occupants or investors, with potential for conversion to separately owned townhomes or condos (buyer to verify). Convenient to shopping, dining, and parks.

Additional Information

List Date
2026-10-17 02:28:11
Community
University Place
Net Operating Income
$48,490
Gross Adjusted Income
$57,024
Gross Scheduled Income
$57,600
Total Monthly Income
$4,800
Insurance Expenses
$1,515
Water/Sewer/Garbage Expenses
$420
Gross Rent Multiplier
13.5
Total Expenses
$8,534
Cap Rate
6.25
Vacancy Rate
1
Total Number of Units
2
Unit Name
4345
Potential Terms
Cash, Conventional, FHA, VA Loan
Year Built
1976
View
Territorial
Roof
Composition
Energy Source
Electric
School District
Tacoma
Total Monthly Income
$4,800
Gross Scheduled Income
$57,600
Vacancy Rate
1
Gross Adjusted Income
$57,024
Tax Year
2026
Insurance Expense
$1,515
W/S/G Expenses
$420
Total Expenses
$8,534
Net Operating Income
$48,490
Gross Rent Multiplier
13.5
Cap Rate
6.25
Based on information submitted to the MLS GRID as of . 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.
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