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219 5th Avenue NE Puyallup, WA $ 4,574,900
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$ 4,574,900 Get more info
219 5th Avenue NE
$ 4,574,900
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Share Save

219 5th Avenue NE

Puyallup, WA, 98372
$ 4,574,900
Baths0.0 Sq 18,594

Monthly Estimate*

$ 28,541

Listed by Lumin Brokers of Washington
219 5th Avenue NE, Puyallup, WA 98372 - Image 1
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219 5th Avenue NE, Puyallup, WA 98372 - Image 8
219 5th Avenue NE, Puyallup, WA 98372 - Image 9
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View a Virtual Tour
Studio

Multi-Family Home for sale in Puyallup, WA

for $4,574,900. This 18,594 square foot home was built in 1963 on a lot size of 0.5353.

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

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Multi-Family Active

Price

$ 4,574,900

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 40,279

Style

10+ Units

Lot Size

0.5353

Year Built

1963

Town/City

Puyallup

County/Region

Pierce

MLS | Web ID

2403003
Features
General
Living Area 0
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Subject to Tenant Rights
Roof Composition
HOA Fee 0
Security Features Partially Fenced
Year Built 1963
View Territorial
Property Subtype Multi Family
Tax Year 2025
County Pierce
Net Operating Income 274491
Insurance Expense 22670.28
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Downtown
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions From N Meridian turn East onto 5th Ave NE. Property is on the left.
City Puyallup
Senior Community Y/N N
High School District Puyallup
Zoning Description Multi-Family
Open Parking Spaces 20
Number Of Units Total 21
MLS Area 83 - Puyallup
Lot Size Units Square Feet
Lot Size Square Feet 23319
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Out Conventional
Tax Annual Amount 40279
Electric Expense 0
Fuel Expense 0
Property Condition Good
Public Remarks 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 ou
Leasable Area 18594
Virtual Tour https://home.quickpictours.com/videos/0197c74a-a257-7161-91fa-1bbfe27d74af
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Active
Amenities Coin Op Laundry
Water Company City of Puyallup
Units Below Grade false
Units In Building Total 21
Water Sewer Garbage 42000
Property Style 56 - 10+ Units
Cap Rate 6
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Exterior
Exterior Amenities Wood Products
Lot Features Corner Lot Curbs Paved Sidewalk
Water Source Public
Total Parking 20
Foundation Details Poured Concrete
Building Area Total 18594
Lot Size Acres 0.5353
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Site Features Cable TV Fenced-Partially
Parking Uncovered Spaces 20
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Interior
Flooring Laminate Carpet
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2403003
Street Number 1 219
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* Excluded Features
List By
Rich Kim

Listing Agent

Lumin Brokers Of Washington

Broker

Affordability Calculator

$31,898
Per Month
89%
11%
0%
Monthly Principal & Interest
$28,541
Monthly Property Taxes
$3,357
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
258414 Elementary School
257344 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
8/5/2025$4,574,900 -0.54% Price Down
7/8/2025$4,599,900 Listed Price

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219 5th Avenue NE, Puyallup, WA, 98372 is a Multi-Family Home for sale at $4,574,900 with 18,594 sqft and a lot size of 0.5353. 219 5th Avenue NE is a studio with 0.0 baths and was built in 1963. The property's zip code is 98372 which is in Puyallup, WA

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