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$1,000,000
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Property Description
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!
Full Property Details
Full Property Details for 8005 21st Ave W
General
- Sold For: $1,000,000
- Taxes: $8,400 (2026)
- Status: Closed
- Type: Multi-Family
- Source: NWMLS
- MLS ID: 2518373
- Added to Site: 69 day(s) ago
Interior
- Flooring: Ceramic Tile, Hardwood, See Remarks
Additional Information
- Amenities: Cable TV, Deck, Fenced-Fully, Gas Available, High Speed Internet, Patio, RV Parking, Sprinkler System
- Security/Safety: Fully Fenced
Parking
- Garage Spaces: 2
- Covered Spaces: 2
- Uncovered Spaces: 5
- Parking Features: RV Parking
Location
- Area: 32 - University Place
- County: Pierce
- Subdivision: University Place
- Driving Directions: GPS works well. Tucked at the end of a dead end, then down a driveway to gate.
School Information
- High School District: University Place
- Elementary School: Buyer To Verify
- Middle School: Buyer To Verify
- High School: Buyer To Verify
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Ductless
- Heating Type: Ductless, Stove/Free Standing, Wall Furnace
Utilities
- Sewer: Sewer Connected
- Water: Public
Structural Information
- Structure Type: Triplex
- Exterior Const.: Wood
- Foundation: Poured Concrete
- Roof: Metal
- Stories in Building: 2
- Square Feet: 2,754
- Year Built: 1999
- Property Condition: Very Good
Unit Information
- Units in Building: 3
Lot Features
- Property View: Islands, Mountains, Partial, Sound
- Lot Size (Acres): 0.3322
- Lot Size (Sq. Ft.): 14,472
- Lot Size Source: County
- Lot Features: Dead End Street
Green Features
- Energy Efficient: Thermal Windows
Financial Considerations
- Tax Amount: $8,400
- Tax Year: 2026
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: None
- Property ID: 3355000223
Listed by Jessica C Liederbach | RE/MAX Advantage | (360) 851-1085
Sold by Terri Han | Skyline Properties, Inc.
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Schools
Schools serving 8005 21st Ave W
School District:University Place School District
| Name | Grades | Distance |
|---|---|---|
University Place Primary School 2708 W Grandview Dr, University Place, WA 98466 | K-4 | 0.6 mi |
Narrows View Intermediate School 7813 44th St W, University Place, WA 98466 | 5-7 | 1.6 mi |
Sunset Primary School, University Place, WA 4523 97th Ave W, University Place, WA 98466 | PK-4 | 2 mi |
Curtis Junior High School 3725 Grandview Drive West, University Place, WA 98466 | 8-9 | 1.3 mi |
Curtis Senior High School 8425 40th Street West, University Place, WA 98466 | 10-12 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 8005 21st Ave W
Date
Details
Price
Change
Source
6/06/2026
Sold
$1,000,000
-9.09%
MLS
5/01/2026
Listed
$1,100,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
8005 21st Avenue W, University Place, WA 98466 (MLS# 2518373) is a Multi-Family property that was sold at $1,000,000 on June 06, 2026. Want to learn more about 8005 21st Avenue W? Do you have questions about finding other Multi-Family real estate for sale in University Place? You can browse all University Place real estate or contact a Coldwell Banker agent to request more information.

