12815 123rd Street E, Puyallup, WA 98374
Local realty services provided by:Better Homes and Gardens Real Estate Gary Mann Realty
Listed by:brendan greenheck
Office:northmarq multifamily, llc.
MLS#:2441947
Source:NWMLS
12815 123rd Street E,Puyallup, WA 98374
$3,700,000
- - Beds
- - Baths
- 13,240 sq. ft.
- Multi-family
- Active
Price summary
- Price:$3,700,000
- Price per sq. ft.:$279.46
About this home
We are pleased to present the Sherwood Apartments, an 18-unit multifamily community and a stabilized asset that is 100%occupied with zero delinquency. Built in 1986, this building features 17, 720SF 1BD units and 1, 1,000SF 2BD unit with vaulted ceilings in the top floor units. There is 1 carport per unit and a full size W/D in each. The property is nestled in a quiet residential neighborhood, backed up to a green belt, just 2.5 miles from South Hill Mall. The investment opportunity is offered at $206,000/unit, $279/SF, and delivers a 6.02% Cap Rate. There is value add potential, with room to increase current rents and capitalize on an additional 7.08% of revenue.
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Home facts
- Year built:1986
- Listing ID #:2441947
- Updated:October 06, 2025 at 09:50 PM
Rooms and interior
- Living area:13,240 sq. ft.
Heating and cooling
- Heating:Baseboard
Structure and exterior
- Roof:Composition
- Year built:1986
- Building area:13,240 sq. ft.
- Lot area:1.41 Acres
Utilities
- Sewer:Septic Tank
Finances and disclosures
- Price:$3,700,000
- Price per sq. ft.:$279.46
- Tax amount:$36,922 (2025)
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of October 6, 2025. 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. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2025 MLS GRID. All Rights Reserved.New listings near 12815 123rd Street E
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