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$649,950
2539983 MLS ACTIVE Status
Rare investment opportunity in Puyallup's desirable South Hill. This well-maintained duplex with long term tenants has never been vacant during the sellers ownership. It offers stable income today with a clear path to increased returns. Both units include large fully fenced yards with decks, attached 1-car garages and additional driveway parking. The property has enjoyed exceptional occupancy with long-term tenants. Current rents are slightly below market, providing a value-add opportunity for the next owner. Existing leases are month to month, allowing a defined timeline for potential rent increases and improved cash flow for new owner or owner occupancy with proper notice. New countertops are currently being installed throughout both units and are not reflected in the current photos. Tenants enjoy a single-family-home feel with the large fenced backyards, contributing to strong retention and consistent rental demand. Conveniently located near SR-512, shopping, dining, parks and schools. As an added investment opportunity, the purchaser of this duplex will be given the first rights to purchase the seller's adjacent duplex, creating the potential to expand ownership to four units in one prime location. Whether you're completing a 1031 exchange, expanding an existing portfolio, or just entering the multifamily market, this property offers great stability, future income and equity growth potential and a unique opportunity with a proven and reliable rental property.

916 40th Avenue SW, Puyallup

Listing courtesy of Northwest Premier Brokers.

$949,000
2535378 MLS ACTIVE Status
Completely updated in 2021. This 4-bedroom home lives like a 5 bedroom in a highly sought-after Puyallup neighborhood, featuring stunning Mt. Rainier views! The main level offers 3 bedrooms, a full bath, and a spacious open-concept kitchen with granite countertops, abundant cabinetry, and seamless flow into the large living and dining areas. Cozy up to the propane fireplace or enjoy entertaining in the bright, functional layout. Attached 1-car garage offers added convenience.The lower level has its own separate entrance and functions perfectly as an ADU or multi-generational living space. It includes 1 bedroom, a full bath, large kitchen area, spacious living room with propane fireplace, and an office that could serve as a second bedroom. Step outside and enjoy the full-length covered patio, perfect for year-round entertaining. Impressive 24' x 30' detached shop that is insulated and sheetrocked, complete with an 8-foot-deep storage area accessible from the outside of the shop. RV parking. Covered metal building to store all the toys and equipment. This versatile property offers endless possibilities for extended living, rental income, hobbies, or home-based business needs. Added development potential with a conceptual preliminary short plat already completed. 5 bedroom septic design and soil logs have been finished, and the county has provided preliminary approval for either a duplex lot or single-family building lot. Seller will pay buyers side of title and escrow.

11605 67th Avenue E, Puyallup

Listing courtesy of John L. Scott, Inc..

$950,000
2515196 MLS ACTIVE Status
Meticulously maintained duplex in Puyallup offering a rare investment opportunity with an estimated 5.5% cap rate. Ideal for owner-occupants or investors—live in one unit and generate income from the other, or lease both and expand your portfolio. Built in 2019, this rambler-style duplex sits on over ½ acre at the end of a quiet dead-end street, providing privacy with minimal traffic. Each unit features 2 bedrooms, 2 bathrooms, and just over 1,100 sq ft, along with attached 2-car garages. Thoughtfully designed with modern finishes, including LVP flooring, quartz countertops, stainless steel appliances, ductless mini-split systems, and in-unit washer/dryer. The primary suites include walk-in closets and double vanity sinks, offering both comfort and functionality. A detached shop/garage adds flexibility for additional income, storage, or workspace. Strong rental appeal—one unit already leased (secured within 24 hours)—making this a turnkey opportunity. Additional highlights include ample parking, RV parking with power hookup, and optional rental income from the detached garage. Bonus opportunity: The property is equipped with an additional 200-amp power service, originally planned for an ADU—offering future development potential for added value or income. Conveniently located just minutes from Costco, major freeways, shopping, and dining, this property combines seclusion, modern living, and income potential in one exceptional package.

12926 78th Avenue E, Puyallup

Listing courtesy of John L. Scott, Inc..

$639,950
2508462 MLS PENDING Status
Instant income opportunity for savvy investors, house hackers, and buyers ready to begin building long-term wealth. This well-maintained duplex offers two 2-bed/1-bath units, each with its own utility room, covered patio, and fenced yard—features that support strong tenant appeal and everyday livability. One unit also includes a fenced garden area, adding even more charm and usable outdoor space. With strong rental history and consistent occupancy, this property offers reliable income potential in a high-demand rental area. The property offers convenient access to everyday essentials, 10min to most commuter routes (167/512 interchange and I-5), and local amenities—making it especially attractive to long-term tenants. Nearby downtown shopping and dining spots, Peach Park, Clarks Creek parks, and transit options like the Sounder train — all contribute to consistent rental demand and ease of living. A practical layout paired with private outdoor areas make each unit feel comfortable and self-contained, while the duplex setup creates flexibility for a range of ownership goals. Live in one side and offset your mortgage with rental income, lease both units for dependable cash flow, or add a solid asset to your growing portfolio. Whether you are a first-time investor looking for a launching place or an seasoned buyer seeking a proven income property, this duplex checks the boxes for versatility, demand, and long-term potential. Opportunities like this don't last long.

2023 -2021 14th Avenue NW, Puyallup

Listing courtesy of COMPASS.

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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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