Listing provided courtesy of Northmarq Multifamily, LLCNWMLSas Distributed by MLSGrid- MLS# NWM2524225
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Request Info7902 27th Street WUniversity Place, WA 98466
Multi-Family · 15 Beds · 15,400 Sq. ft. | 0.63 Acres$3,300,000
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7902 27th Street W Overview
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Prestige Center is a well-located 19-unit mixed-use building with 10 apartments and 9 ground-floor commercial suites totaling ~15,400 SF on a 27,600 SF lot. The building sits on a corner lot just off Bridgeport Way — University Place's primary retail corridor — offering strong visibility, prominent storefront exposure, and 38 surface parking stalls at a 2.0/unit ratio. The residential component features five one-bedrooms averaging 700 SF and five two-bedrooms averaging 900 SF — generously sized for vintage product in the submarket. The commercial component consists of 9 suites ranging from 800 to 1,000 SF, 100% leased to established local operators.
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7902 27th Street W Facts & Features
- Type Multi-Family
- Sq. ft. 15,400
- Price/Sq.ft. $214
- Lot 0.63 Acres
Details
General
Association/HOA
- Association Fee: $0.00
School Information
- School District: University Place
Income/Expenses
- Other Expense: 43750
- Electric Expense: 0
- Fuel Expense: 0
- Gross Scheduled Income: 339577
- Insurance Expense: 13848
- Net Operating Income: 209664
- Total Expenses: 121042
- Total Monthly Income: 16354
- Water/Sewer/Garbage: 28296
Building Information
- New Construction: No
- Year Built: 1961
Location/Region
- Country: US
- County Or Parish: Pierce
- MLS Area Major: 32 - University Place
- Subdivision Name: University Place
Community/Development
- Amenities: Coin Op Laundry
Tax Information
- Tax Annual Amount: $35,148.00
- Tax Year: 2026
General Information
- Listing Terms: Cash, Conventional
- Parcel Number: 9180200510
- Possible Use: Multi-Family,Retail
- Property Condition: Good
- Property Sub Type: Multi Family
- Property Type: Residential Income
- Senior Community: No
- Special Listing Conditions: None
Interior
Parking Information
- Garage Spaces: 0
Beds/Baths
- Bedrooms Upper: 0
Building Interior
- Building Area Total: 15400
- Building Area Units: Square Feet
- Calculated Square Footage: 15400
- Square Footage Finished: 0
- Square Footage Unfinished: 0
General Information
- Cooling: No
- Fireplace: No
- Fireplaces Total: 0
- Flooring: Vinyl Plank, Carpet
- Foundation Details: Poured Concrete, Slab
- Heating: Yes
- Leasable Area: 15400
- Living Area: 0
- Main Level Bathrooms: 0
- Power Production Type: Electric
- Stories Total: 2
Exterior
Parking Information
- Open Parking: No
- Parking Total: 38
- Parking Uncovered Total: 38
Lot Information
- Irrigation Water Rights: No
- Lot Features: Corner Lot, Paved, Sidewalk
- Lot Size Acres: 0.6336
- Lot Size Square Feet: 27600
- Lot Size Units: Square Feet
- Elevation Units: Feet
- Water Source: Public
Waterfront/View
- View: No
- Waterfront: No
Building Exterior/Construction
- Roof: Composition
- Structure Type: Multi Family
General Information
- Carport Spaces: 0
- Carport: No
- Covered Spaces: 0
- Exterior Features: Brick, Stucco, Wood
- Number Of Units Total: 19
- Sewer: Sewer Connected
Unit Information
Unit 11 Details
- Actual Rent: 1200
- Beds Total: 0
- Baths Total: 1
Unit 12 Details
- Actual Rent: 1200
- Beds Total: 0
- Baths Total: 1
Unit 18 Details
- Actual Rent: 1250
- Beds Total: 0
- Baths Total: 1
Unit 7 Details
- Actual Rent: 1275
- Beds Total: 1
- Baths Total: 1
Unit 5 Details
- Actual Rent: 1295
- Beds Total: 1
- Baths Total: 1
Unit 8 Details
- Actual Rent: 1350
- Beds Total: 1
- Baths Total: 1
Unit 15 Details
- Actual Rent: 1372
- Beds Total: 0
- Baths Total: 1
Unit 16 Details
- Actual Rent: 1372
- Beds Total: 0
- Baths Total: 1
Unit 19 Details
- Actual Rent: 1375
- Beds Total: 0
- Baths Total: 1
Unit 14 Details
- Actual Rent: 1375
- Beds Total: 0
- Baths Total: 1
Unit 4 Details
- Actual Rent: 1400
- Beds Total: 1
- Baths Total: 1
Unit 13 Details
- Actual Rent: 1400
- Beds Total: 0
- Baths Total: 1
Unit 17 Details
- Actual Rent: 1400
- Beds Total: 0
- Baths Total: 1
Unit 1 Details
- Actual Rent: 1445
- Beds Total: 2
- Baths Total: 1
Unit 6 Details
- Actual Rent: 1450
- Beds Total: 1
- Baths Total: 1
Unit 2 Details
- Actual Rent: 1595
- Beds Total: 2
- Baths Total: 1
Unit 9 Details
- Actual Rent: 1625
- Beds Total: 2
- Baths Total: 1
Unit 3 Details
- Actual Rent: 1650
- Beds Total: 2
- Baths Total: 1
Unit 10 Details
- Actual Rent: 1700
- Beds Total: 2
- Baths Total: 1
7902 27th Street W Neighborhood
Community
98466 (Fircrest) Demographics
37
Median Age
4,327
Population Density (per sq. mile)
50%
College Educated
$74,179
Estimated Median Income
6,338
Estimated Total Home Owners
5,586
Estimated Total Renters
53% / 47%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.7902 27th Street W Monthly Cost
7902 27th Street W Market Data
Based on the last 30 days in this zip code
$698,341
Average List Price
$332
Average Price per Square Foot
24
Properties Sold
60
Average Days on Market
90
Properties for Sale
7902 27th Street W History
| Date | Value | Agent |
|---|---|---|
| 5/14/2026Source: NWMLS | May 14, 2026 |
|
| 6/20/2022Source: NWMLS | June 01, 2021 |