219 5th Avenue NE Puyallup, WA 98372
Listing Courtesy of: MLS LogoNorthwest MLS / Lumin Brokers Of Washington

  219 5th Avenue NE Puyallup, WA 98372

Active (58 Days)
$4,574,900
18,594
SQFT
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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 #:
2403003
Taxes
$40,279(2025)
Lot Size
0.54 acres
Type
Multifamily
Year Built
1963
Style
10+ Units
Views
Territorial
School District
Puyallup
County
Pierce County
Community
Downtown

Listed By

Rich Kim, Lumin Brokers Of Washington
Source
Northwest MLS as distributed by MLS Grid
Last checked Sep 4 2025 at 11:21 PM GMT+0000
Bathroom Details
Subdivision
  • Downtown
Lot Information
  • Corner Lot
  • Curbs
  • Sidewalk
  • Paved
Property Features
  • Cable Tv
  • Fenced-Partially
  • Fireplace: 0
  • Foundation: Poured Concrete
Heating and Cooling
  • Baseboard
Flooring
  • Carpet
  • Laminate
Exterior Features
  • Wood Products
  • Roof: Composition
Utility Information
  • Sewer: Sewer Connected
  • Fuel: Electric
Location
Map View | Street View
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Aug 05, 2025
Price Changed
$4,574,900
-1%
-25,000
Jul 08, 2025
Original Price
$4,599,900
-
-

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
%
Mortgage calculator estimates are provided by Better Homes and Gardens Real Estate LLC and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Based on information submitted to the MLS GRID as of 9/4/25 16:21. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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