Puyallup, WA 98372 219 5th Avenue NE
$4,574,900
18 more
Presented By: Lumin Brokers of Washington and NWMLS
- MLS# 2403003
- 07/08/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 18,594
Home Details
Garden Square Apartments is a renovated multi-family building ideally located in the heart of Puyallup, WA comprised of two 1BD/1BA, eighteen 2BD/1BA, and one 4BD/1.5BA units. With a Walk Score of 87 out of 100 it has excellent proximity to shopping, entertainment districts and restaurants. This community is an attractive destination for vacations, business trips and urban professionals making it a unique opportunity for short-and long-term rentals alike. This investment offers a unique opportunity to add value without any updates to the building or units. The rents are significantly below market and can be increased by an average of 14% to meet current market rents. Current Cap Rate of 6.00% would be raised to 7.24%! DO NOT DISTURB TENANTS
Presented By: Lumin Brokers of Washington and NWMLS
Interior Features for 219 5th Avenue NE
Bedrooms
Bedrooms Possible0
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringLaminate, Carpet
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces
Total Stories2
General for 219 5th Avenue NE
AmenitiesCoin Op Laundry
Building Area UnitsSquare Feet
Cap Rate6
Carport Spaces
Carport Y/NNo
CityPuyallup
CoolingNone
CountyPierce
DirectionsFrom N Meridian turn East onto 5th Ave NE. Property is on the left.
Electric Expense
Fuel Expense
HOANo
HOA Fee$
HeatingBaseboard
High School DistrictPuyallup
Insurance Expense22670.28
Leasable Area18594
Listing TermsCash Out, Conventional
Lot Size Square Feet23319
Lot Size UnitsSquare Feet
MLS Area83 – Puyallup
ModificationTimestamp2025-08-28T02:58:11.569Z
NWM_ShowMapLinkY
Net Operating Income274491
New ConstructionNo
Number Of Units Total21
Open Parking Spaces20
PossessionSubject to Tenant Rights
Possible UseMulti-Family
Property ConditionGood
Property Style56 – 10+ Units
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksGarden Square Apartments is a renovated multi-family building ideally located in the heart of Puyallup, WA comprised of two 1BD/1BA, eighteen 2BD/1BA, and one 4BD/1.5BA units. With a Walk Score of 87 ou
RoofComposition
Security FeaturesPartially Fenced
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeMulti Family
Subdivision NameDowntown
Tax Annual Amount40279
Tax Year2025
Units Below Gradefalse
Units In Building Total21
ViewTerritorial
Virtual TourClick here
Water CompanyCity of Puyallup
Water Sewer Garbage42000
Year Built1963
Zoning DescriptionMulti-Family
Exterior for 219 5th Avenue NE
Building Area Total18594
Covered Spaces
Exterior AmenitiesWood Products
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot FeaturesCorner Lot, Curbs, Paved, Sidewalk
Lot Size Acres0.5353
Parking Uncovered Spaces20
Site FeaturesCable TV, Fenced-Partially
Total Parking20
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
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