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425 4th ST NE Puyallup, WA 98372
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Key Details
Sold Price $3,400,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Subdivision Puyallup
MLS Listing ID 2384784
Sold Date 10/17/25
Style 56 - 10+ Units
Year Built 1980
Annual Tax Amount $27,249
Lot Size 0.662 Acres
Property Sub-Type Multi Family
Property 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.
Location
State WA
County Pierce
Area 79 - Puyallup
Interior
Flooring Vinyl Plank, Carpet
Fireplace false
Exterior
Exterior Feature Wood Products
Amenities Available Fenced-Partially, Patio
View Y/N No
Roof Type Composition
Building
Sewer Septic Tank
New Construction No
Schools
Elementary Schools Stewart Elem
Middle Schools Kalles Jnr High
High Schools Puyallup High
School District Puyallup
Others
Senior Community No
Acceptable Financing Conventional
Listing Terms Conventional
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