James & Angie Smith

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Listing provided courtesy of Keller Williams Rty TacomaNWMLSas Distributed by MLSGrid- MLS# NWM2541333MLS Provider

1911 -1915 Willow Lane WUniversity Place, WA 98466

Multi-Family · 6 Beds · 3,548 Sq. ft. | 0.35 Acres
$1,000,000 Active

1911 -1915 Willow Lane W Overview

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Beautifully Maintained Duplex offering breathtaking Puget Sound and Olympic Mountain views. Family-built, well-cared for and thoughtfully managed, this property reflects true pride of ownership and stewardship throughout. Each unit features 2 levels, 3 bedrooms, 2 bathrooms, one attached garage and a 1-car detached garage, providing the feel and functionality of a single-family home with strong tenant appeal. Recent capital improvements include one fully renovated unit with quality finishes and modern updates. Rents remain significantly below current market levels, presenting an outstanding opportunity for future income growth and enhanced cash flow. Large windows capture panoramic water and mountain views, creating a living experience rarely found in multifamily properties. Located in a highly desirable University Place rental market with strong demand, this duplex offers a unique combination of quality construction, exceptional views, and value-add potential. An outstanding opportunity for investors seeking stable income, future appreciation, and long-term wealth creation.

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1911 -1915 Willow Lane W Facts & Features

  • Type Multi-Family
  • Sq. ft. 3,548
  • Price/Sq.ft. $282
  • Lot 0.35 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: University Place

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Scheduled Income: 79200
  • Insurance Expense: 2318
  • Net Operating Income: 62710
  • Total Expenses: 14906
  • Total Monthly Income: 6800
  • Water/Sewer/Garbage: 1200

Building Information

  • New Construction: No
  • Year Built: 1966

Location/Region

  • Country: US
  • County Or Parish: Pierce
  • MLS Area Major: 32 - University Place
  • Subdivision Name: University Place

Community/Development

  • Amenities: Basement

Tax Information

  • Tax Annual Amount: $11,388.00
  • Tax Year: 2026

General Information

  • Listing Terms: Cash, Conventional, FHA, VA Loan
  • Parcel Number: 0220102145
  • Possible Use: Residential
  • Property Condition: Good
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Parking Information

  • Garage Spaces: 4

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 3548
  • Building Area Units: Square Feet
  • Calculated Square Footage: 3548
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: Yes
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Vinyl Plank, Carpet
  • Foundation Details: Poured Concrete
  • Heating: Yes
  • Leasable Area: 3548
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Natural Gas
  • Stories Total: 1

Exterior

Parking Information

  • Open Parking: No
  • Parking Total: 6
  • Parking Uncovered Total: 2

Lot Information

  • Irrigation Water Rights: No
  • Lot Features: Paved
  • Lot Size Acres: 0.3459
  • Lot Size Square Feet: 15066
  • 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: 4
  • Exterior Features: Stone, Wood
  • Number Of Units Total: 2
  • Sewer: Sewer Connected

Unit Information

Unit 1 Details

  • Actual Rent: 3200
  • Beds Total: 3
  • Baths Total: 2

Unit 2 Details

  • Actual Rent: 3200
  • Beds Total: 3
  • Baths Total: 2

1911 -1915 Willow Lane 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
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.

1911 -1915 Willow Lane 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.

1911 -1915 Willow Lane 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
Calculations provided by Reliance Network

1911 -1915 Willow Lane W History

Date Event Value Agent
6/19/2026Source: NWMLS Added to Database
June 19, 2026