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Listed price in listed location currency (USD).
$4,574,900

0020

MLS® 2403003

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage No
Taxes $40,279
Days Active 158
Lot Size 0.5353 acres
Approx. Age 1963
MLS® Number 2403003

Property Address: 219 5th Ave Ne, Puyallup, WA, 98372-3000

Average square foot calculated using Size range provided by listing agent.

Description

Garden Square Apartments is a renovated multi-family building ideally located in the heart of Puyallup, WA comprised of two 1BD/1BA, eighteen 2BD/1BA, and one 4BD/1.5BA units. With a Walk Score of 87 out of 100 it has excellent proximity to shopping, entertainment districts and restaurants. This community is an attractive destination for vacations, business trips and urban professionals making it a unique opportunity for short-and long-term rentals alike. This investment offers a unique opportunity to add value without any updates to the building or units. The rents are significantly below market and can be increased by an average of 14% to meet current market rents. Current Cap Rate of 6.00% would be raised to 7.24%! DO NOT DISTURB TENANTS
MLS® Number2403003
Laundry Level
Central VacNo
FireplaceNo
Acreage0.5353
Exterior
GarageNo
Approx. Age1963
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 8, 2025List Date
$4,574,900List Price
  • Commute

Commute

Starting Address
Destination Address
219 5 Th Ave Ne, Puyallup, WA

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