- 0
- 1
- Overview
- Description
- Property Details
- Location
- Facts & Features
- Getting Around
- Nearby Homes
No HOA
Street View
Listed by: David A. Kelley (360) 705-2800 | Kidder Mathews (360) 705-2800
$4,000,000
Monthly Est:$19,909
42 Beds
21 Baths
--sqft
219 5th Street, Puyallup, WA 98372
$4,000,000
$19,909/moEst:
Get Pre-Approved
Multi Family
Built in 1963
$-- HOA
23,319 sqft lot
--/sqft
Description
JUST LISTED - Garden Square apartments, a 21-unit multifamily property centrally located at 219 12th Ave SE, Puyallup, WA 98372. Featuring large average floor plans of 934 SF — well above typical unit sizes for comparable product in the submarket — Garden Square provides a clear value-add pathway through a continued renovation program, including updated kitchens, bathrooms, flooring, and modern finishes tailored to today's renter expectations. New ownership can continue this in-place renovation strategy to increase monthly rents by approximately 12%, unlocking substantial gains in net operating income as units turn. In addition to its generously sized floor plans, the property benefits from a centralized Puyallup location, offering convenient access to neighborhood retail / employment centers / downtown Puyallup, positioning the asset to appeal to a broad renter base seeking larger, more livable units at accessible rents. Garden Square represents a high-quality foundation for continued value - add execution, with Garden Square's oversized unit layouts serving as a key differentiator from the market's typical unit mix. Its size, location, and renovation runway make it well-suited to support both existing tenant retention and rent growth as the improvement program continues.
- Houzeo last checked: 8 hours ago
- Listing updated: October 1, 2026 at 6:17 pm
- Source: Northwest Multiple Listing Service | MLS#: NWM2589855
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1963
HOA Fees
-
Finished Area
- sqft
Lot Size
23,319 sqft lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2589855
MLS Status
Active
Days on Market
1
Cumulative Days on Market
406
Continue Your Journey in App
Find your dream home, receive real-time updates, and many more!
Download App
Continue Your Journey in App
Find your dream home, receive real-time updates, and many more!
Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 42
Bathrooms: 21
Interior
Heating
Baseboard
Sewer
Sewer Connected
Exterior Features
Wood Products
Cooling
None
Flooring
Vinyl Plank
Construction
Year Built
Year Built: 1963
Home type
Multi Family
Foundation Details
Slab
Roof
Composition
Construction Materials
Wood
Other Features
Subdivision Name
Puyallup
Price History
| Date | Event | Price |
|---|---|---|
10/01/2026 Source: | Listed for Sale | $4,000,000 $0/sqft |
Nearby Homes
Find Homes by Property Features in Puyallup, WA
Based on information submitted to the MLS GRID by Northwest Multiple Listing Service as of Oct 01, 2026, 02:47PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal, noncommercial use; it may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing, that the data is deemed reliable, but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any and as amended from time to time. © 2025 Northwest Multiple Listing Service. All Rights Reserved.
Advertising Broker: Christy Lee-Naumann (267) 341-8337 | Houzeo Brokerage LLC