NEW

Listed by Jay Grauman • Coldwell Banker Danforth.

For sale

$1,395,000

Est. $9,069/mo —

•

8 ba

•

4,704

sq ft

3118 Morrison Rd W Unit A-D, University Place, WA 98466

About this home

5.9% CAP RATE! Fantastic investment opportunity in desirable University Place! This fully rented 4-plex offers immediate rental income with a strong rental history and an excellent location within the highly sought-after University Place School District. Each spacious unit features 3 bedrooms, 1.75 baths, an open kitchen with eating space, separate dining area, generous living room with fireplace, in-unit laundry, and a private covered deck with storage. Thoughtful floor plans offer added privacy with a separate hallway leading to the primary suite and attached bath. Property also features ample parking, including 4 covered spaces, and a large common area. Conveniently located near shopping, dining, transit, and everyday amenities. A great opportunity to add a fully occupied, income-producing property to your investment portfolio!

Multi-familyProperty Type

1988Year Built

0.38 acresLot Size

$297Price/Sq.Ft.

4 spacesParking

Listed by Jay Grauman • Coldwell Banker Danforth

Listed by Brandon Hopson • Coldwell Banker Danforth

Listing updated: Nov 11, 2026 at 12:33pm

Redfin checked: a minute ago

•Source:NWMLS as Distributed by MLS Grid #2602514

Payment calculator

$9,069 per month

Principal and interest$7,613

Property taxes

$1,270

HOA dues

Home insurance

$186

Utilities

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Open houses

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Nearby open houses (10)

OPEN THU, 2PM TO 5PM
$595,000
3 beds1.5 baths1,596 sq ft
3517 Oas Dr W, University Place, WA 98466
9,040 sq ft lot • Garage • Built 1964
Taylor Slater • Windermere Prof Partners
OPEN FRI, 3:30PM TO 5PM3D WALKTHROUGH
$464,999
3 beds3 baths1,342 sq ft
3308 S K St Unit B, Tacoma, WA 98418
$200 HOA • Garage • Built 2026
Vadim Polishchuk • Skyline Properties, Inc.
REDFIN OPEN SAT, 11AM TO 1PM3D WALKTHROUGH
$525,000
3 beds1.5 baths1,492 sq ft
4435 S 49th St, Tacoma, WA 98409
7,405 sq ft lot • 2 parking spots • Built 1967
Redfin
OPEN SAT, 11AM TO 5PM3D WALKTHROUGH
$878,900
3 beds2 baths2,095 sq ft
728 Blaine St, Steilacoom, WA 98388
9,000 sq ft lot • Garage • Built 2026
Jontae Richardson • GCH Puget Sound, Inc.
OPEN SAT, 11AM TO 1PM
$489,500
3 beds2 baths940 sq ft
33215 36th Ave SW, Federal Way, WA 98023
6,400 sq ft lot • Garage • Built 1976
Jan Lewis • Windermere Real Estate/East
OPEN SAT, 12PM TO 4PMVIDEO TOUR
$719,500
3 beds2.5 baths2,483 sq ft
3232 N Narrows Dr, Tacoma, WA 98407
8,369 sq ft lot • Garage • Built 1990
Brian Hall • Pacific Residential Brokers
OPEN SAT, 12PM TO 2PM3D WALKTHROUGH
$489,000
3 beds1 bath1,816 sq ft
3135 S 18th St, Tacoma, WA 98405
6,000 sq ft lot • Garage • Built 1945
Anne Curry • Real Broker LLC
OPEN SAT, 12PM TO 3PM
$449,950
3 beds2 baths1,276 sq ft
1678 S 60th St, Tacoma, WA 98408
6,380 sq ft lot • Garage • Built 1981
John Doan • HomeSmart Real Estate Assoc
OPEN SAT, 1PM TO 2:30PM
$95,000
2 beds2 baths1,440 sq ft
7316 49th St E #20, Fife, WA 98424
2 parking spots • Built 1973
Nancy Struthers • Skyline Properties, Inc.
REDFIN OPEN SAT, 2PM TO 4PM3D WALKTHROUGH
$339,000
2 beds2.5 baths1,180 sq ft
5205 Solberg Dr SW Unit A, Lakewood, WA 98499
Garage • Built 2009
Redfin

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Around this home

Schools

K - 12
Preschool & daycare

Drum Intermediate School

Public 5-7 • Assigned • 1.4mi

8/10

Curtis Junior High School

Public 8-9 • Assigned • 1.0mi

6/10

Curtis Senior High School

Public 10-12 • Assigned • 0.9mi

9/10

Provided by GreatSchools

About Ketcham

Knoll

Ketcham Knoll, located between Chambers Creek Regional Park and the University Place Town Center, is a residential and hillside University Place neighborhood with curving streets and Puget Sound air. The neighborhood’s character concentrates around the Bridgeport Way W and 27th St W corridor, where small storefronts, cafés, and everyday services set a steady, local rhythm. Housing leans toward mid-century and late-20th-century homes with tidy yards and mature evergreens. The terrain rises and falls, shaping pocket views and a quiet, tucked-away feel. Chambers Creek’s trails and open lawns frame daily walks and weekend outings. Nearby, the University Place Library and Curran Apple Orchard add civic and seasonal texture.

Provided by Walk Score and Local Logic

Property details

Interior
Exterior
Finance

Kitchen

Bathroom

Bedroom

Living

Interior features
Fireplace in each unit

Bedrooms
Three bedrooms in each unit

Bathrooms
Two bathrooms in each unit

Kitchen
Range/oven, refrigerator, and dishwasher in each unit

Laundry & utility
Washer and dryer in each unit

Flooring
Laminate flooring

Heating & cooling
Wall furnace
No cooling

Sale and tax history for 3118 Morrison Rd W Unit A-D

Sale History
Tax History

Date

Event

Price

Nov 11, 2026

Listed (Active)

NWMLS as Distributed by MLS Grid #2602514

$1,395,000

$297/sq ft

Feb 3, 2022

Sold (MLS) (Closed)

NWMLS as Distributed by MLS Grid #1789722

$1,440,500

$306/sq ft

Dec 18, 2021

Pending

NWMLS as Distributed by MLS Grid #1789722

—

Oct 31, 2021

Relisted (Active)

NWMLS as Distributed by MLS Grid #1789722

—

Oct 21, 2021

Pending

NWMLS as Distributed by MLS Grid #1789722

—

Jun 16, 2021

Listed (Active)

NWMLS as Distributed by MLS Grid #1789722

$1,450,000

$308/sq ft

Public record

Beds

—

Baths

—

Stories

—

Lot width

—

Lot depth

—

Lot size

—

Year renovated

—

Finished Sq. Ft.

—

Unfinished Sq. Ft.

—

Total Sq. Ft.

—

Year built

—

Style

Multi-Family (2-4 Unit)

County

Pierce County

APN

0220104037

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 7, 2024.

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 86° expected this year, 14 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

7/10 Air Factor

11 unhealthy days expected this year, 12 days in 30 years

Provided by First Street

Historical weather

University Place, WA • 98466

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

82/ 100

Very good sunlight

Sunscore

This home receives average direct sun exposure in University Place. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

9.9 hrs

4.3 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 3118 Morrison Rd W Unit A-D

$1,391,370

$3,630 under list price of $1.40M

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $755K to $978K.

SOLD MAY 15, 2026
$847,500 Last sold price
3 beds2 baths2,396 sq ft
3003 Louise Ave W, University Place, WA 98466
Listing provided by nwmls
$57/sq ft
smaller lot
48 years older
SOLD APR 30, 2026
$880,000 Last sold price
5 beds3 baths2,856 sq ft
3722 72nd Avenue Ct W, University Place, WA 98466
Listing provided by nwmls
$11/sq ft
smaller lot
10 years older
SOLD AUG 3, 2026
$850,000 Last sold price
5 beds3.5 baths3,536 sq ft
1024 Crestwood Ln, Fircrest, WA 98466
Listing provided by nwmls
$57/sq ft
smaller lot
20 years older
SOLD OCT 5, 2026
$880,000 Last sold price
5 beds4 baths4,370 sq ft
3662 82nd Avenue Ct W, University Place, WA 98466
Listing provided by nwmls
$96/sq ft
larger lot
17 years older
SOLD SEP 16, 2026
$978,000 Last sold price
3 beds3 baths3,692 sq ft
3312 67th Ave W, University Place, WA 98466
Listing provided by nwmls
$32/sq ft
larger lot
53 years older
SOLD DEC 5, 2025
$755,000 Last sold price
3 beds3 baths2,706 sq ft
6940 35th St W, University Place, WA 98466
Listing provided by nwmls
$18/sq ft
smaller lot
10 years newer

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(253) 400-5610

Seller represented by Coldwell Banker Danforth • Jay Grauman • 253-380-3939 • jaygrauman@outlook.com

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Listing provided by NWMLS as Distributed by MLS Grid

New listings for sale in 98466

NEW3D WALKTHROUGH

$1,395,000

12 beds8 baths4,704 sq ft

3118 Morrison Rd W Unit A-D, University Place, WA 98466

Excellent location • Open kitchen • Private covered deck

Listing provided by NWMLS as Distributed by MLS Grid

OPEN THU, 2PM TO 5PM

$595,000

3 beds1.5 baths1,596 sq ft

3517 Oas Dr W, University Place, WA 98466

Quiet cul de sac • Updated kitchen • Granite countertops

Listing provided by NWMLS as Distributed by MLS Grid

$760,000

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4601 72nd Ave W, University Place, WA 98466

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Listing provided by NWMLS as Distributed by MLS Grid

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Listing provided by NWMLS as Distributed by MLS Grid

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Listing provided by NWMLS as Distributed by MLS Grid

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Listing provided by NWMLS as Distributed by MLS Grid

3D WALKTHROUGH

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Listing provided by NWMLS as Distributed by MLS Grid

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Listing provided by NWMLS as Distributed by MLS Grid

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Listing provided by NWMLS as Distributed by MLS Grid

Details provided by NWMLS as Distributed by MLS Grid and may not match the public record. Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Payment calculator

Affordability tools

See this home in person

Nearby open houses (10)

Interested in buying?

Around this home

Schools

Property details

Sale and tax history for 3118 Morrison Rd W Unit A-D

Public record

Climate risks

Historical weather

Sun exposure

Redfin Estimate for 3118 Morrison Rd W Unit A-D

Early Access listings

Nearby similar homes

New listings for sale in 98466

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