Browse All University Place WA Between $400K - $500K Properties for Sale

4 Beds ⋅ 2 Baths ⋅ 2559778 MLS ⋅ ACTIVE Status

$400,000 in University Place! Opportunities like this are almost unheard. This 4-bedroom, 1.75-bath, 1,989 SF rambler on a 10,000 SF lot is ready for a full renovation and offers outstanding potential for investors, flippers, or buyers using rehab financing. Built in 1952, the home needs significant updating but provides the chance to create substantial equity in one of the area’s most desirable communities. Cash or rehab financing only. Bring your vision and unlock the potential of this rare value opportunity before it’s gone.

8522 29th Street W, University Place

Listing courtesy of Coldwell Banker Bain.

$465,000

2 Beds ⋅ 2 Baths ⋅ 2556970 MLS ⋅ PENDING INSPECTION Status

Located in the sought-after University Place School District, this home offers not only convenience to parks, shopping, and dining, but also the ease of low-maintenance living in a well-maintained community that handles exterior upkeep for you. Inside, you’ll find a beautifully cared-for residence with 2 bedrooms and 1.75 bathrooms, designed for comfort and functionality. The bright, open-concept layout creates a warm and inviting atmosphere, perfect for both daily living and entertaining. Step outside to your private backyard retreat, fenced yard, entertaining deck—ideal for summer gatherings or relaxing evenings. Updated bathrooms, luxury vinyl flooring, fresh paint throughout. Don’t miss your chance to enjoy a lifestyle of comfort, convenience, and peace of mind.

8801 27th Street W Unit #8B, University Place

Listing courtesy of RE/MAX All City.

$415,500

2 Beds ⋅ 2 Baths ⋅ 2536117 MLS ⋅ PENDING Status

Wake up to views of Fox Island, the Narrows, and the Narrows Bridge in the distance. Enjoy morning coffee from your private deck, watch passing ships, sea life, and end the day with stunning sunsets in University Place. This light-filled, move-in ready 2-bedroom, 1.75-bath condo offers comfortable one-level living with elevator access, two dedicated parking spaces, private storage, and an in-unit walk-in laundry room. Thoughtful updates include refreshed bathrooms, fresh interior paint, updated lighting, and new stainless steel appliances. The kitchen feels fresh and inviting, with space for casual dining and deck access just beyond. Expansive windows fill the home with natural light while showcasing water views throughout. If golf is your passion, you'll appreciate easy access to Chambers Bay Golf Course, one of the PNW's premier championship courses. Spend the afternoon on the links, then head to Boathouse 19 for dinner on the waterfront. From Trader Joe's and Whole Foods to waterfront trails, marinas, healthcare, and Highway 16, the lifestyle here is all about convenience with a view. Recent community improvements include a new roof, exterior paint, new deck railings, and fully restored exterior decks. Significant building improvements have already been completed, allowing the next owner to simply move in and enjoy. If you've been looking for a low-maintenance lifestyle without giving up views or conveniences, this is one you'll want to experience in person.

1902 S Bridgeport Way W Unit #205, University Place

Listing courtesy of Engel & Voelkers Mercer Island.

$489,950

3 Beds ⋅ 1 Baths ⋅ 2526660 MLS ⋅ PENDING INSPECTION Status

Tucked into the heart of sought-after University Place, this beautifully remodeled rambler invites you into a lifestyle where comfort, convenience, and timeless Northwest charm all come together. From the moment you arrive, you’ll feel the warmth of this picturesque neighborhood—tree-lined streets, nearby water views and recreation, and a community celebrated for its award-winning schools and welcoming atmosphere.Inside, this thoughtfully updated 1,307-square-foot home offers an effortless single-story layout featuring three spacious bedrooms and a beautifully refreshed full bath. New flooring flows throughout the home, while tasteful upgrades create a modern yet inviting feel in every room. A brand-new heat pump provides year-round comfort and efficiency, making this home as practical as it is beautiful.Step outside and imagine peaceful mornings or unforgettable evenings spent on the brand-new all-weather deck—perfect for entertaining, relaxing, or simply enjoying the serene surroundings. The detached garage/shop adds incredible versatility, whether you envision extra storage, hobbies, projects, or additional workspace.Perfectly positioned near parks, shopping, dining, and the sparkling waterfront, this move-in-ready home offers the rare opportunity to enjoy the very best of University Place living in a neighborhood you’ll be proud to call home.

7819 28th Street W, University Place

Listing courtesy of John L. Scott, Inc..

$425,000

2 Beds ⋅ 1 Baths ⋅ 2521558 MLS ⋅ PENDING Status

Located in the heart of University Place, this 2 bed 1 bath home is ready for some TLC and imagination to make this property shine. Boasting a large fully fenced yard, 143 sq. ft. deck and patio, and access to the back of the 10,000+ sq.ft. lot, the set up for an addition or DADU could not be more perfect. The main home already has a two car 646 sqft. gargage, and the detached garage built in 2006 is 902sqft. This is a great home to build equity in for both investors and home owners as the location could not be better. UP Schools, UP shopping and Starbucks 100ft from your front door. Come check this home out today! Currently the home is rented on a month to month for $2100. Showings will need to be upon mutual agreed upon time.

6712 27th Street W, University Place

Listing courtesy of Keller Williams Rty Tacoma.

$500,000

2511682 MLS ⋅ PENDING FEASIBILITY Status

Prime Development Opportunity in University Place – R-2 Zoned LotUnlock the potential of this ideally located vacant parcel on 57th Ave in sought-after University Place. Zoned Residential 2 (R-2), this property offers exceptional flexibility for a variety of residential development options, including single-family homes, duplexes, triplexes, fourplexes, townhomes, and accessory dwelling units.City water and sewer are available, making this a strong candidate for future development. The lot presents a relatively clean slate compared to many competing properties—no existing structures to demolish and minimal clearing required beyond some vegetation and possible trees along the southern boundary.Positioned in an established residential area, the property is bordered by an apartment complex to the east and single-family homes to the south, supporting a range of compatible housing types. A parcel to the north provides separation from Cirque Dr W, adding to the site’s privacy and setting.Buyer to verify all informationGreat opportunity to build in desirable University Place! This vacant 57th Ave parcel is zoned Residential 2 (R-2), allowing a variety of housing types including single-family, duplexes, townhomes, and ADUs. City water and sewer available.Property offers a clean slate with no existing structures to demo and minimal clearing needed. Located in an established area with apartments nearby and single-family homes surrounding. Leach Creek is over 100 ft from theW

57th Ave W, University Place

Listing courtesy of Windermere Prof Partners.

$479,000

2505386 MLS ⋅ ACTIVE Status

One of the few view lots left in University Place! At just over a quarter of an acre this could be the parcel to build your dream home. Located right off the Puget Sound in a highly desirable University Place neighborhood amongst high-end homes. Close to shopping, amenities, and award-winning University Place schools. Water and power in the street.

Lemons Beach Road W, University Place

Listing courtesy of Engel & Volkers Chambers Bay.

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Between $400K - $500K University Place Real Estate

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