425 4th Street NE Puyallup, WA 98372
Listing Courtesy of: MLS LogoNorthwest MLS / Northmarq Multifamily, LLC

  425 4th Street NE Puyallup, WA 98372

Active (48 Days)

Description

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.

MLS #:
2384784
Taxes
$27,249(2024)
Lot Size
0.66 acres
Type
Multifamily
Year Built
1980
Style
10+ Units
School District
Puyallup
County
Pierce County
Community
Puyallup

Listed By

Brendan Greenheck, Northmarq Multifamily, LLC
Source
Northwest MLS as distributed by MLS Grid
Last checked Jul 1 2025 at 3:38 AM GMT+0000
Bathroom Details
Subdivision
  • Puyallup
Property Features
  • Fenced-Partially
  • Patio
  • Fireplace: 0
Heating and Cooling
  • Forced Air
Flooring
  • Vinyl Plank
  • Carpet
Exterior Features
  • Wood Products
  • Roof: Composition
Utility Information
  • Sewer: Septic Tank
  • Fuel: Electric
School Information
  • Elementary School: Stewart Elem
  • Middle School: Kalles Jnr High
  • High School: Puyallup High
Location
Map View | Street View
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Jun 02, 2025
Price Changed
$3,550,000
-4%
-150,000
May 13, 2025
Original Price
$3,700,000
-
-

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 6/30/25 20:38. 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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