$1100000
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Bed
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Bath
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2754 SqFt
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4 DOM
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Built: 1999
- Status: Active
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Srinivas Kasam
CEO & Founder
(650)533-3259Rare University Place multifamily investment with immediate income, strong upside. This 3-unit view property offers cash flow, flexibility, and long-term appreciation in a desirable South Sound location. The north 2-BR unit is the premium residence, with vaulted ceilings, a new stainless kitchen, and a full-width deck with sweeping Puget Sound and Olympic Mountain views (rent approx. $2600). The south 1-BR unit offers excellent views, solid cherry floors, a jetted tub and private deck (rent approx. $2300). The garden-level 1-BR unit is bright with excellent views, porcelain tile floors, and private outdoor patios with direct access to an easy-care evergreen garden (rent approx. $2000). Amenities include open floor plans, gas fireplaces, in-unit w/d, fire sprinklers. An additional flexible space offers future value-add potential. Use as a studio, office, or future living area; with half bath, and french doors to a large view deck. The upper level was originally one residence, and can be converted back with relative ease; yet another strategy to maximize value to the buyer. For the investor looking for a high-demand location, meaningful income, and a distinctive asset with lifestyle appeal, this treehouse stands out as a rare opportunity. Be sure to see 3D tour + virtual tour!
Listing Provided Courtesy of Jessica C Liederbach, RE/MAX Advantage
General Information
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NWM2518373
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Multi Family
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4 DOM
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0.33 acres
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2754
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1999
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Pierce
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Buyer To Verify
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Buyer To Verify
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Buyer To Verify
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Residential Incom
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Multi Family
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Listing Provided Courtesy of Jessica C Liederbach, RE/MAX Advantage
Kasamestates data last checked: May 06, 2026 03:28 | Listing last modified May 06, 2026 01:09,
Source:
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