1. Washington
  2. Puyallup
  3. 425 4th Street NE
$3,550,000

425 4th Street NE, Puyallup, WA 98372

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1980
  • Property Lot Size Icon0.66acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

This listing courtesy of Brendan Greenheck, Northmarq Multifamily, LLC

We are pleased to present Prestige Townhomes, a well-maintained 1980 vintage asset located in Puyallup, WA. This 12-unit property features spacious, turnkey 2-bedroom, 1.5 bath townhomes with in-unit laundry averaging 940 SF. Each unit is equipped with modern finishes, including vinyl plank flooring, quartz countertops, stainless-steel appliances, and copper plumbing. The property currently achieves an average rent of $2,052 per unit, with the highest rent at $2,300 and two additional units rented at $2,195. With market rents exceeding current levels, there is a clear path to increase average rents by approximately $150/unit, to potentially $248/unit unlocking additional revenue potential for new ownership.

Listing Status:
Active
Listing Office:
Northmarq Multifamily, LLC : 952-356-0100
Listing Agent:
Brendan Greenheck : 952-356-0100
MLS ID:
2384784
  • Flooring: Vinyl PlankCarpet
  • A/C: None
  • Heating: Forced Air
  • Fireplace: Fireplaces: 0

This listing courtesy of Brendan Greenheck, Northmarq Multifamily, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

S

Stewart Elementary School

426 4th Ave NE, Puyallup, WA, 98372

Grades PK-6

0.09 miles away

P

Psd Special Services

214 W Main, Puyallup, WA, 98371

Grades PK-12

0.39 miles away

P

Puyallup High School

105 7th St SW, Puyallup, WA, 98371

Grades 9-12

0.66 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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