7902 27th Street W, University Place, WA 98466
- $3,300,000
- 15,400
- SqFt
Listing courtesy of Northmarq Multifamily, LLC.
- List Price
- $3,300,000
- Status
- ACTIVE
- MLS#
- 2524225
- Days on Market
- 73
- Style
- 56 - 10+ Units
- Building Condition
- Good
- Finished SqFt
- 15,400
- Area Total SqFt
- 15400
- Annual Tax Ammount
- 35148
- Lot Size (sq ft)
- 27,600
- Sewer
- Sewer Connected
Property Description
Prestige Center is a well-located 19-unit mixed-use building with 10 apartments and 9 ground-floor commercial suites totaling ~15,400 SF on a 27,600 SF lot. The building sits on a corner lot just off Bridgeport Way — University Place's primary retail corridor — offering strong visibility, prominent storefront exposure, and 38 surface parking stalls at a 2.0/unit ratio. The residential component features five one-bedrooms averaging 700 SF and five two-bedrooms averaging 900 SF — generously sized for vintage product in the submarket. The commercial component consists of 9 suites ranging from 800 to 1,000 SF, 100% leased to established local operators.
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Additional Information
- List Date
- 2026-05-14 16:28:11
- Community
- University Place
- Net Operating Income
- $209,664
- Gross Adjusted Income
- $330,706
- Gross Scheduled Income
- $339,577
- Total Monthly Income
- $16,354
- Insurance Expenses
- $13,848
- Water/Sewer/Garbage Expenses
- $28,296
- Gross Rent Multiplier
- 10.29
- Total Expenses
- $121,042
- Cap Rate
- 6.35
- Vacancy Rate
- 5
- Total Number of Units
- 19
- Unit Name
- 7902
- Potential Terms
- Cash, Conventional
- Year Built
- 1961
- Roof
- Composition
- Other Expenses
- 43750
- Energy Source
- Electric
- School District
- University Place
- Total Monthly Income
- $16,354
- Gross Scheduled Income
- $339,577
- Vacancy Rate
- 5
- Gross Adjusted Income
- $330,706
- Tax Year
- 2026
- Insurance Expense
- $13,848
- W/S/G Expenses
- $28,296
- Total Expenses
- $121,042
- Net Operating Income
- $209,664
- Gross Rent Multiplier
- 10.29
- Cap Rate
- 6.35
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.