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Listed by: Northmarq Multifamily, LLC • Steven Fischer

$3,300,000

7902 27th Street W, University Place, WA 98466

15beds

19baths

15,400sqft

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Multi Family

Built in 1961

-- sqft lot

$3,026,700 Zestimate^®

$214/sqft

$-- HOA

What's special

Strong visibilityProminent storefront exposureCorner lot

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.

53 days

340

17

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 15
Bathrooms: 19

Heating

Forced Air, Electric

Cooling

None

Features

Flooring: Vinyl Plank, Carpet
Has fireplace: No

Interior area

Total structure area: 15,400
Total interior livable area: 15,400 sqft

Property

Parking

Total spaces: 38
Uncovered spaces: 38

Lot

Size: 0.63 Acres
Features: Corner Lot, Paved, Sidewalk

Details

Parcel number: 9180200510
Zoning description: Multi-Family,Retail,Jurisdiction: City
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: 10+ Units
Property subtype: Multi Family

Materials

Brick, Stucco, Wood Siding
Foundation: Poured Concrete, Slab
Roof: Composition

Condition

Good
Year built: 1961
Major remodel year: 1961

Utilities & green energy

Electric: Company: Tacoma Public Utilities
Sewer: Sewer Connected, Company: Pierce County Sewer
Water: Public, Company: City of Tacoma

Community & HOA

Community

Subdivision: University Place

Location

Region: University Place

Financial & listing details

Price per square foot: $214/sqft
Tax assessed value: $2,133,500
Annual tax amount: $35,148
Date on market: 5/14/2026
Cumulative days on market: 54 days
Listing terms: Conventional

Estimated market value

$3,026,700

$2.88M - $3.18M

$1,667/mo

Price history

Date	Event	Price
5/14/2026	Listed for sale	$3,300,000+22.3%$214/sqft
Source: NWMLS as distributed by MLS GRID #2524225 Report a problem
4/27/2021	Sold	$2,697,500+81.2%$175/sqft
Source: Public Record Report a problem
6/8/2016	Sold	$1,488,719$97/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$35,334 +35.7%	$2,133,500
2023	$26,041 +8.7%	$2,133,500 +5%
2022	$23,961 -5.9%	$2,032,000 +5%
2021	$25,450 +24.7%	$1,935,200 +17.4%
2019	$20,401 -16.3%	$1,648,000 +10%
2018	$24,371 +75.5%	$1,498,200
2017	$13,887 -3.4%	$1,498,200 +88.9%
2016	$14,381	$793,000 +5%
2014	$14,381	$755,300

Find assessor info on the county website

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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

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