3118 Morrison Rd
University Place, WA 98466
12 bd 8 ba 4,704 sqft Built 1988 Lot 16,553 sqft multi_family
Most recent sale
$1,440,500
Feb 3, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Feb 3, 2022 | Sold | $1,440,500 | MLS #1824480 |
| Aug 14, 2021 | Listed | $1,450,000 | MLS #1824480 |
| Jun 17, 2021 | Listed | $1,450,000 | MLS #1789722 |
| Feb 24, 2012 | Sold | $282,000 | Public Record |
| Aug 20, 2002 | Sold | $329,000 | Public Record |
| May 27, 1997 | Sold | $250,000 | Public Record |
| Feb 28, 1991 | Sold | $205,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2021 | $592,400 | $221,800 | $814,200 | $11,219 |
| 2020 | $450,500 | $188,300 | $638,800 | $9,280 |
| 2019 | $446,400 | $161,300 | $607,700 | $7,867 |
| 2018 | $421,100 | $133,700 | $554,800 | $8,681 |
| 2017 | $349,200 | $112,100 | $461,300 | $7,343 |
| 2016 | $293,800 | $101,800 | $395,600 | $6,661 |
| 2015 | $264,000 | $94,900 | $358,900 | $6,294 |
| 2014 | $251,500 | $86,200 | $337,700 | $6,078 |
| 2013 | $237,000 | $83,200 | $320,200 | $5,858 |
| 2012 | $282,000 | $106,200 | $388,200 | $6,503 |
| 2011 | $277,300 | $123,900 | $401,200 | $6,338 |
| 2010 | $275,500 | $141,600 | $417,100 | $6,090 |
| 2008 | $326,400 | $162,800 | $489,200 | $6,808 |
| 2007 | $353,600 | $162,800 | $516,400 | $6,747 |
Property facts
Year built
1988
Property type
multi_family
Stories
—
Beds
12
Baths
8
Living area
4,704 sqft
Lot size
16,553 sqft
ZIP code
98466
City
University Place
Street
Morrison Rd
Coordinates
47.23099, -122.53482
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$10,819
Gross rental yield
9.01%
Implied cap rate
5.86%
Trend-extrapolated value
—
Frequently asked questions
When did 3118 Morrison Rd last sell?
3118 Morrison Rd most recently sold on Feb 3, 2022 for $1,440,500.
What is the current tax assessment for 3118 Morrison Rd?
The most recent total assessment for 3118 Morrison Rd (year 2021) is $814,200 with $11,219 in property tax.
How does 3118 Morrison Rd's assessment compare to its last sale price?
The current assessment is 43.5% below the last sale price of $1,440,500.
When was 3118 Morrison Rd built?
3118 Morrison Rd was built in 1988.
How does 3118 Morrison Rd compare to others on Morrison Rd?
We track 8 other properties on Morrison Rd. Browse the list under "Other properties on Morrison Rd" to compare beds, baths, and sale history.
What are the property facts for 3118 Morrison Rd?
3118 Morrison Rd is a 12 bed, 8 bath, 4,704 sqft, 16,553 sqft lot multi_family.
Is 3118 Morrison Rd a flip candidate?
No — 3118 Morrison Rd does not appear in our flips dataset.
Is 3118 Morrison Rd a tax-appeal candidate?
No — 3118 Morrison Rd is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+0.3%
Implied 1-yr
+1.3%
2026 Q3
$612.7K
2026 Q4
$614.7K
ZIP 98466 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Morrison Rd