James & Angie Smith

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Listing provided courtesy of Windermere Prof PartnersNWMLSas Distributed by MLSGrid- MLS# NWM2525075MLS Provider

6222 54th Avenue Ct WUniversity Place, WA 98467

Multi-Family · 6 Beds · 2,800 Sq. ft. | 0.28 Acres
$675,000 Active

6222 54th Avenue Ct W Overview

Visits:
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Excellent investment opportunity in sought-after University Place! This duplex features two spacious 3 bed, 1.75 bath units with approx. 1,400 SF each. Functional layouts include ensuite bedrooms downstairs, covered decks off the dining rooms, and attached 1-car garages for both units. Major updates include a newer roof and septic system. Prime location directly across from Meadow Park Golf Course with easy access to shopping, dining, and amenities. Units are ready for cosmetic updates, offering excellent sweat equity and upside potential for the next investor.

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6222 54th Avenue Ct W Facts & Features

  • Type Multi-Family
  • Sq. ft. 2,800
  • Price/Sq.ft. $241
  • Lot 0.28 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: University Place
  • Elementary School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify
  • High School: Buyer To Verify

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Scheduled Income: 60000
  • Insurance Expense: 1500
  • Net Operating Income: 47810
  • Total Expenses: 9190
  • Total Monthly Income: 3000
  • Water/Sewer/Garbage: 0

Building Information

  • New Construction: No
  • Year Built: 1989

Location/Region

  • Country: US
  • County Or Parish: Pierce
  • MLS Area Major: 34 - University Place
  • Subdivision Name: University Place

Tax Information

  • Tax Annual Amount: $7,690.00
  • Tax Year: 2026

General Information

  • Listing Terms: Cash, Conventional, FHA, VA Loan
  • Parcel Number: 3472000040
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Parking Information

  • Garage Spaces: 2

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 2800
  • Building Area Units: Square Feet
  • Calculated Square Footage: 2800
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Laminate, Carpet
  • Foundation Details: Slab
  • Heating: Yes
  • Leasable Area: 2800
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric
  • Stories Total: 2

Exterior

Parking Information

  • Open Parking: No
  • Parking Total: 6
  • Parking Uncovered Total: 4

Lot Information

  • Irrigation Water Rights: No
  • Lot Features: Cul-De-Sac, Dead End Street, Paved
  • Lot Size Acres: 0.2755
  • Lot Size Square Feet: 12000
  • Lot Size Units: Square Feet
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

  • View: No
  • Waterfront: No

Building Exterior/Construction

  • Roof: Composition
  • Structure Type: Duplex

General Information

  • Carport Spaces: 0
  • Carport: No
  • Covered Spaces: 2
  • Exterior Features: Wood, Wood Products
  • Number Of Units Total: 2
  • Sewer: Septic Tank

Unit Information

Unit 1 Details

  • Actual Rent: 1500
  • Beds Total: 3
  • Baths Total: 2

Unit 2 Details

  • Actual Rent: 1500
  • Beds Total: 3
  • Baths Total: 2

6222 54th Avenue Ct W Neighborhood

Community

98467 (University Place) Demographics

40
Median Age
1,886
Population Density (per sq. mile)
53%
College Educated
$76,904
Estimated Median Income
3,658
Estimated Total Home Owners
2,455
Estimated Total Renters
60% / 40%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

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.

6222 54th Avenue Ct W Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

6222 54th Avenue Ct W Market Data

Based on the last 30 days in this zip code

$709,347
Average List Price
$339
Average Price per Square Foot
16
Properties Sold
95
Average Days on Market
50
Properties for Sale
Calculations provided by Reliance Network

6222 54th Avenue Ct W History

Date Event Value Agent
6/12/2026Source: NWMLS Status Change
Active
6/3/2026Source: NWMLS Status Change
Pending Inspection
5/27/2026Source: NWMLS Price Reduction
$675,000 -6.9%
5/18/2026Source: NWMLS Added to Database
May 18, 2026