232 4th Avenue NW, Puyallup, WA 98371

$599,000
1,831
SqFt

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Listing courtesy of The Real Estate Firm.

List Price
$599,000
Status
ACTIVE
MLS#
2515748
Price Change
▼ $10,000 1784196319
Days on Market
76
Style
53 - Tri-plex
Building Condition
Updated/Remodeled
Finished SqFt
1,831
Area Total SqFt
1831
Annual Tax Ammount
5584
Lot Size (sq ft)
7,200
Sewer
Sewer Connected

Property Description

Prime Downtown Puyallup investment opportunity! This fully renovated (2016) triplex at 232 4th Ave NW offers high rental demand near the Sound Transit station with just over 1,800 sq ft, boasting updated interiors while retaining classic charm in a walkable, top-tier location. The lot is zoned CBD (buyer to verify). There are two units downstairs and one upstairs. 100% new electrical and plumbing done in 2017.

Additional Information

List Date
2026-05-12 05:13:10
Community
Downtown
Net Operating Income
$34,652
Gross Adjusted Income
$43,890
Gross Scheduled Income
$46,200
Total Monthly Income
$3,850
Insurance Expenses
$2,026
Water/Sewer/Garbage Expenses
$3,338
Gross Rent Multiplier
13.18
Total Expenses
$11,548
Cap Rate
5.7
Vacancy Rate
5
Total Number of Units
3
Unit Name
232
Potential Terms
Cash, Conventional, Owner Will Carry
Year Built
1900
Roof
Composition
Other Expenses
600
Energy Source
Electric
School District
Puyallup
Total Monthly Income
$3,850
Gross Scheduled Income
$46,200
Vacancy Rate
5
Gross Adjusted Income
$43,890
Tax Year
2025
Insurance Expense
$2,026
W/S/G Expenses
$3,338
Total Expenses
$11,548
Net Operating Income
$34,652
Gross Rent Multiplier
13.18
Cap Rate
5.7
Based on information submitted to the MLS GRID as of . 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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