219 5th Avenue NE Puyallup, WA 98372
219 5th Avenue NE
Puyallup, WA 98372
$4,574,900
Multi-Family
0 Beds
0.00 Baths
0 SqFt
Active
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%!
Watch Virtual Tour #1Property Features
Community: Downtown
10+ Units
View: Territorial
Cable TV
Fenced-Partially
Exterior: Wood Products
Roof: Composition
Year Built: 1963
2025 Taxes: $40279.00
Buyer Broker Compensation: 2%
Listing #: 2403003
Lot Details
Lot Size: 0.54 acres
Corner Lot
Curbs
Paved
Sidewalk
No. of Units: 21
Interior
Cooling: None
Heating: Baseboard
Electric
Common Features
Coin Op Laundry
Schools
District: Puyallup
Call or Email:
Grace Wamwere
What's Near 219 5th Avenue NE Puyallup, WA 98372?
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.
DMCA Notice 
Courtesy of Lumin Brokers of Washington
