Property Photo: 3118 Morrison Road W A-D WA 98466

Listing Courtesy of:

Northwest MLS as distributed by MLS GRID / Listed By: Jay Grauman, Coldwell Banker Danforth; Brandon Hopson, Danforth

3118 Morrison Road W A-D University Place, WA 98466

Active (1 Days)

$1,395,000 ^(USD)

4,704

SQFT

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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!

MLS #:
2602514

Taxes
$15,243(2026)

Lot Size
0.38 acres

Type
Multifamily

Year Built
1988

Style
4-Plex

School District
University Place

County
Pierce County

Community
University Place

Listed By

Jay Grauman, Coldwell Banker Danforth
Brandon Hopson, Coldwell Banker Danforth

Source
Northwest MLS as distributed by MLS Grid
Last checked Nov 12 2026 at 5:02 PM GMT+0000

Bathroom Details

Subdivision

University Place

Lot Information

Paved

Property Features

Deck
Fenced-Fully
Cable Tv
High Speed Internet
Fireplace: 0
Foundation: Poured Concrete

Heating and Cooling

Wall Furnace

Flooring

Laminate

Exterior Features

Wood
Wood Products
Roof: Composition

Utility Information

Sewer: Sewer Connected
Fuel: Electric, Wood

School Information

Elementary School: Buyer to Verify
Middle School: Buyer to Verify
High School: Buyer to Verify

Location

Map View | Street View

Listing to Address

Address to Listing

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Disclaimer: IDX information is provided exclusively for consumers' personal, noncommercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. 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.

Based on information submitted to the MLS GRID as of 11/12/2026 17:02. 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.