Turnkey 5-unit investment opportunity in the heart of Downtown Puyallup! Extensively updated and exceptionally maintained, this property features five spacious 2-bedroom, 1-bath residences of approximately 775 square feet each, with beautifully remodeled interiors designed for lasting tenant appeal. Major improvements include a new roof in 2025, replaced electrical breaker panels throughout and upgraded triple-pane vinyl windows. Strong in-place rents provide immediate income, while the on-site coin-operated laundry offers an additional revenue stream. Situated on a generous 14,400 square foot corner lot with eight covered carport spaces plus three additional parking spaces. An outstanding location just blocks from the Puyallup Sounder Station and moments from downtown dining, shopping and amenities. A rare opportunity to acquire a renovated, income-producing 5-plex with significant capital improvements already completed in one of Puyallup's most convenient locations.
| MLS # | 2574077 |
|---|---|
| Listing Type | For Sale |
| Building Name | Stewarts J P 7th Add |
| Sub-Type | Resale |
| Status | Pending Inspection |
| Year | 1976 |
| Days On Site | 14 |
| Listing Provided By | Windermere Real Estate/PSK Inc | Tyler Freed |
| SQ Feet | 3,986 |
|---|---|
| Car Port | Yes |
| Story(s) | 5 |
| Units | 5 |
| Zoning | Multi-Family |
| Acreage | 0.33 |
| Property View | Yes |
| Property | 8924 |
|---|
| State | WA |
|---|---|
| County | Pierce |
| City | Puyallup |
| Zip Code | 98371 |
| Area | 81 Puyallup |
| Community Name | Puyallup |
| School District | Puyallup High |
| Elementary School | Stewart Elem |
| High School | Puyallup High |
| Listing VS Median (in Puyallup) | |
Price: $1,250,000 low | high Med: $597,250 sqft: 3,986 low | high Med: 1,802 $ / sqft: $314 low | high Med: $342 On site: 14 low | high Med: 63 | |
| State | WA |
|---|---|
| County | Pierce |
| City | Puyallup |
| Zip Code | 98371 |
| Area | 81 Puyallup |
| Community Name | Puyallup |
| School District | Puyallup High |
| Elementary School | Stewart Elem |
| High School | Puyallup High |
| Listing VS Median (in Puyallup) | |
Price: $1,250,000 low | high Med: $597,250 sqft: 3,986 low | high Med: 1,802 $ / sqft: $314 low | high Med: $342 On site: 14 low | high Med: 63 | |