PROPERTIES FOR SALE

425 4th Street NE Puyallup, WA 98372

NWMLS Courtesy of Northmarq Multifamily, LLC
425 4th Street NE
Puyallup, WA 98372
$3,550,000
Multi-Family
0 Beds
0.00 Baths
0 SqFt
Active
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We are pleased to present Prestige Townhomes, a well-maintained 1980 vintage asset located in Puyallup, WA. This 12-unit property features spacious, turnkey 2-bedroom, 1.5 bath townhomes with in-unit laundry averaging 940 SF. Each unit is equipped with modern finishes, including vinyl plank flooring, quartz countertops, stainless-steel appliances, and copper plumbing. The property currently achieves an average rent of $2,052 per unit, with the highest rent at $2,300 and two additional units rented at $2,195. With market rents exceeding current levels, there is a clear path to increase average rents by approximately $150/unit, to potentially $248/unit unlocking additional revenue potential for new ownership.

Property Features

Community: Puyallup
10+ Units
Fenced-Partially
Patio
Exterior: Wood Products
Roof: Composition
Year Built: 1980
2024 Taxes: $27249.00
Buyer Broker Compensation: 1%
Listing #: 2384784

Lot Details

Lot Size: 0.66 acres
No. of Units: 12

Interior

Cooling: None
Heating: Forced Air
Electric

Common Features

See Remarks

Schools

District: Puyallup
Elem: Stewart Elem
Middle: Kalles Jnr High
High: Puyallup High
Call or Email:
Grace Wamwere

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Information is based on data available to the associate, including county records. The information has not been verified by the associate and all information presented should be verified by the buyer. Listings are provided by Northwest Multiple Listing Service as distributed by MLS GRID. The associate represented on this web site is not a multiple listing service but is a member of a local MLS.
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