Puyallup, WA 98371 204 S Meridian
$1,350,000
Pending
8 more
Presented By: COMPASS and NWMLS
- MLS# 2330179
- 02/06/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 6,066
Home Details
Secure this 100% leased, turnkey investment in the heart of Puyallup’s Central Business District. Built in 1920 and meticulously updated, this 6,066 sq. ft. mixed-use property blends historic charm with modern upgrades for stability and long-term value. The street-level retail includes two fully leased units, while the upper level features two updated 2BR/1BA apartments with in-unit laundry, stylish interiors, and Mt. Rainier views. Situated on a high-traffic corridor with ample parking and a 95 Walk Score, this asset offers strong tenant demand. With leases structured for future utility reimbursement potential, this is a rare chance to own a thriving piece of Puyallup’s history.
Presented By: COMPASS and NWMLS
Interior Features for 204 S Meridian
Bedrooms
Bedrooms Possible0
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces
Total Stories2
General for 204 S Meridian
Building Area UnitsSquare Feet
Cap Rate5.65
Carport Spaces
Carport Y/NNo
CityPuyallup
CoolingNone
CountyPierce
DirectionsFrom WA 167 turn on to Meridian Ave, Building is second from the corner of Meridian and Meeker
Electric Expense2348
Fuel Expense2348
HOANo
HOA Fee$
HeatingWall Unit(s)
High School DistrictPuyallup
Insurance Expense6148
Leasable Area6066
Listing TermsCash Out, Conventional
Living Area UnitsSquare Feet
Lot Size Square Feet3736
Lot Size UnitsSquare Feet
MLS Area80 – Puyallup
ModificationTimestamp2025-08-03T20:11:10.488Z
NWM_ShowMapLinkY
Net Operating Income76275
New ConstructionNo
Number Of Units Total4
Open Parking Spaces0
PossessionClosing
Possible UseBusiness, Commercial, Multi-Family, Office, Residential, Retail
Property Style52 – Duplex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksSecure this 100% leased, turnkey investment in the heart of Puyallups Central Business District. Built in 1920 and meticulously updated, this 6, 066 sq. ft. mixed-use property blends historic charm with
RoofTorch Down
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusPending
StatusPending Inspection
Structure TypeDuplex
Subdivision NamePuyallup Valley
Tax Annual Amount9778
Tax Year2024
Units Below Gradefalse
Units In Building Total4
ViewMountain(s), Territorial
Water CompanyCity of Tacoma
Water Sewer Garbage2348
Year Built1920
Zoning DescriptionBusiness, Commercial, Multi-Family, Office, Residential, Retail
Exterior for 204 S Meridian
Building Area Total6066
Covered Spaces
Exterior AmenitiesBrick
Irrigation Water Rights Y/NNo
Lot FeaturesAlley, Curbs, Paved, Sidewalk
Lot Size Acres0.0858
Parking Uncovered Spaces0
Total Parking0
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Josh QA1
REALTOR ® SRES ®