Puyallup, WA 98372 112 4th Avenue SE
$1,050,000
Pending
19 more
Presented By: Urban Commercial Partners, LLC and NWMLS
- MLS# 2387090
- 06/06/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 3,840
Home Details
Classic value/add investment opportunity in thriving Puyallup. Six of the seven units remain unmodernized, presenting a valuable opportunity for an incoming investor to execute strategic renovations. Upgraded units can command premium rents aligned with current market expectations for newly renovated apartments, enhancing overall asset value and cash flow potential. With a CBD zoning designation and an 8,370 SF land size, this property allows for versatile development options, including mixed-use, multifamily, and commercial expansion. Positioned near transit hubs and retail corridors, the property offers a strong rental market demand with a current CAP rate of 5.69% and a market CAP rate of 7.46%.
Presented By: Urban Commercial Partners, LLC and NWMLS
Interior Features for 112 4th Avenue SE
Bedrooms
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NYes
Fireplace Y/NNo
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces
Total Stories2
General for 112 4th Avenue SE
Building Area UnitsSquare Feet
Building NameMeekers 3rd
Cap Rate5.7
Carport Spaces
Carport Y/NNo
CityPuyallup
CoolingInsert
CountyPierce
DirectionsTake I-5 S from Seattle. Merge onto WA-161 S via Exit 127. Continue south, then take a right onto 4th Ave SE in Puyallup, arrive at 112 4th Ave SE.
Electric Expense100
Fuel Expense
HOANo
HOA Fee$
HeatingFireplace Insert
High School DistrictPuyallup
Insurance Expense6697
Leasable Area3840
Listing TermsCash Out, Conventional
Lot Size Square Feet8370
Lot Size UnitsSquare Feet
MLS Area83 – Puyallup
ModificationTimestamp2025-09-10T18:45:10.623Z
NWM_ShowMapLinkY
Net Operating Income59741
New ConstructionNo
Number Of Units Total7
Open Parking Spaces0
PossessionClosing
Possible UseCommercial
Property ConditionFair
Property Style55 – 5-9 Units
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksClassic value/add investment opportunity in thriving Puyallup. Six of the seven units remain unmodernized, presenting a valuable opportunity for an incoming investor to execute strategic renovations.
RoofComposition
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusPending
StatusPending Feasibility
Structure TypeMulti Family
Subdivision NamePuyallup
Tax Annual Amount9383
Tax Year2025
Units Below Gradefalse
Units In Building Total7
Water CompanyPuyallup Water Divison
Water Sewer Garbage7801
Year Built1916
Zoning DescriptionCommercial
Exterior for 112 4th Avenue SE
Building Area Total3840
Covered Spaces
Exterior AmenitiesWood Products
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot FeaturesAlley, Paved
Lot Size Acres0.1921
Parking Uncovered Spaces0
Total Parking2
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Josh QA1
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