219 5th Street, Puyallup, WA 98372

Puyallup
Local realty services provided by:Better Homes and Gardens Real Estate Northwest Home Team
Listed by: david a. kelley
Office: kidder mathews
MLS#:2589855
Source:NWMLS
219 5th Street,Puyallup, WA 98372
$4,000,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$4,000,000

About this home

JUST LISTED - Garden Square apartments, a 21-unit multifamily property centrally located at 219 12th Ave SE, Puyallup, WA 98372. Featuring large average floor plans of 934 SF — well above typical unit sizes for comparable product in the submarket — Garden Square provides a clear value-add pathway through a continued renovation program, including updated kitchens, bathrooms, flooring, and modern finishes tailored to today's renter expectations. New ownership can continue this in-place renovation strategy to increase monthly rents by approximately 12%, unlocking substantial gains in net operating income as units turn. In addition to its generously sized floor plans, the property benefits from a centralized Puyallup location, offering convenient access to neighborhood retail / employment centers / downtown Puyallup, positioning the asset to appeal to a broad renter base seeking larger, more livable units at accessible rents. Garden Square represents a high-quality foundation for...

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Home facts

  • Year built:1963
  • Subdivision & Development:Puyallup
  • Listing ID #:2589855
  • Updated:October 06, 2026 at 11:43 AM

Rooms and interior

  • Flooring:Vinyl Plank

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Composition
  • Year built:1963
  • Lot area:0.54 Acres
  • Construction Materials:Wood Products Exterior Finish

Utilities

  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$4,000,000
  • Tax amount:$42,224 (2026)

Parking

  • Total parking spaces:20
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