219 5th Avenue NE, Puyallup, WA, 98372
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$4,599,900
3 Days On Site
219 5th Avenue NEPuyallup, WA 98372
For Sale|Multi Family|Active
0
Beds
0
Total Baths
18,594
SqFt
$247
/SqFt
1963
Built
Cumulative Days On Market:
4
Subdivision:
Downtown
County:
Pierce
Courtesy of NWMLS
Listing courtesy of Rich Kim of Lumin Brokers of Washington
Listing courtesy of Rich Kim of Lumin Brokers of Washington
Call Now: 425-242-8838
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425-242-8838
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Monthly Payment (Est.)
$20,987Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2025 Information is deemed reliable but not guaranteed.
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 5.97% would be raised to 7.20%!
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Listing Snapshot
Price
$4,599,900
Days On Site
3 Days
Bedrooms
N/A
Inside Area (SqFt)
18,594 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.5353 Acres
Year Built
1963
MLS® Number
2403003
Status
Active
Property Tax
$40,279
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| 4 days ago | Listing updated with changes from the MLS® | |
| 4 days ago | Listing first seen on site |
General Features
Acres
0.5353
Additional Property Use
Multi-Family
Number Of Stories
2
Parking Spaces
20
Property Sub Type
Multi Family
SqFt Total
18594
Utilities
Cable AvailableSewer Connected
Water Source
Public
Zoning
Multi-Family
Interior Features
Flooring
LaminateCarpet
Heating
ElectricBaseboard
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Exterior Features
Construction Details
Wood Siding
Fencing
Partial
Lot Features
Corner LotPaved
Roof
Composition
View
Territorial
Waterview
Territorial
Community Features
Association Amenities
Coin Laundry
Financing Terms Available
Conventional
MLS Area
83 - Puyallup
School District
Puyallup
Schools
School District
Puyallup
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Courtesy of NWMLS
Listing courtesy of Rich Kim of Lumin Brokers of Washington
Listing information is provided by Participants of the Northwest MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, Northwest MLS.
All data is obtained from various sources and may not have been verified by the 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.
Last checked: 2025-07-12 01:21 PM PDT
Listing courtesy of Rich Kim of Lumin Brokers of Washington
Listing information is provided by Participants of the Northwest MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, Northwest MLS.
All data is obtained from various sources and may not have been verified by the 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.
Last checked: 2025-07-12 01:21 PM PDT
Neighborhood & Commute
Source: Walkscore
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