8005 21st Avenue WUniversity Place, WA98466
Listing courtesy of Jessica C Liederbach of RE/MAX Advantage
Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.
Rare 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!
| a week ago | Listing updated with changes from the MLS® | |
| a week ago | Status changed to Pending | |
| 4 weeks ago | Listing first seen on site |
Listing courtesy of Jessica C Liederbach of RE/MAX Advantage
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Last checked: 2026-05-25 04:59 PM PDT