MLS #2387090 / Listing provided by NWMLS & Urban Commercial Partners, LLC.
$1,050,000
112 4th Avenue SE
Puyallup,
WA
98372
Sq Ft
Per Sq Ft
Year Built
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%.
Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.
Bedrooms
- Upper Level Bedrooms: 0
- Possible Bedrooms: 0
Fireplaces
- Total Fireplaces: 0
Heating & Cooling
- Heating: Yes
- Cooling: Yes
Parking
- Parking Total: 2
- Uncovered Parking Spaces: 0
- Open Parking Spaces: 0
Structure
- Roof: Composition
- Exterior Features: Wood Products
- Foundation: Poured Concrete
Lot Details
- Lot Features: Alley, Paved
- Acres: 0.1921
- Foundation: Poured Concrete
Schools
- High School District: Puyallup
Lot Details
- Lot Features: Alley, Paved
- Acres: 0.1921
- Foundation: Poured Concrete
Power
- Energy Source: Electric
- Power Company: PSE
Water, Sewer, and Garbage
- Sewer Company: Puyallup Water Divison
- Sewer: Sewer Connected
- Water Company: Puyallup Water Divison
- Water Source: Public
- Water, Sewer, and Garbage: 7801
Jenny Gullikson
Real Estate Professional
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