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Listed by: Tyler Freed (206) 963-0424 | Windermere Real Estate/PSK Inc (425) 433-6974
$1,250,000
Monthly Est:$6,222
10 Beds
5 Baths
3,986sqft
408 2nd Street NW, Puyallup, WA 98371
$1,250,000
$6,222/moEst:
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Multi Family
Built in 1976
$-- HOA
14,400 sqft lot
$314/sq.ft
Description
Turnkey 5-unit investment opportunity in the heart of Downtown Puyallup! Extensively updated and exceptionally maintained, this property features five spacious 2-bedroom, 1-bath residences of approximately 775 square feet each, with beautifully remodeled interiors designed for lasting tenant appeal. Major improvements include a new roof in 2025, replaced electrical breaker panels throughout and upgraded triple-pane vinyl windows. Strong in-place rents provide immediate income, while the on-site coin-operated laundry offers an additional revenue stream. Situated on a generous 14,400 square foot corner lot with eight covered carport spaces plus three additional parking spaces. An outstanding location just blocks from the Puyallup Sounder Station and moments from downtown dining, shopping and amenities. A rare opportunity to acquire a renovated, income-producing 5-plex with significant capital improvements already completed in one of Puyallup’s most convenient locations.
- Houzeo last checked: 8 hours ago
- Listing updated: September 18, 2026 at 4:22 am
- Source: Northwest Multiple Listing Service | MLS#: NWM2574077
Property Details
Status
Pending
Type
Multi Family
No. of Stories
5
County
City
Neighborhood
--
Year Built
1976
HOA Fees
-
Finished Area
3,986 sqft
Lot Size
14,400 sqft lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2574077
MLS Status
Pending Inspection
Days on Market
22
Cumulative Days on Market
21
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 10
Bathrooms: 5
Interior
Heating
Wall Furnace
Cooling
None
Sewer
Sewer Connected
Exterior Features
Cement/concrete, Wood Products
Flooring
Vinyl, Carpet
Construction
Year Built
Year Built: 1976
Home type
Multi Family
Construction Materials
Cement, Wood
Roof
Composition
Foundation Details
Poured Concrete
Utilities & Energy
Water Source
Public
Other Features
Lot Features
Curbs, Paved, Sidewalk
Subdivision Name
Puyallup
Price History
| Date | Event | Price |
|---|---|---|
09/18/2026 Source: | Pending | $1,250,000 $314/sqft |
09/09/2026 Source: | Listed for Sale | $1,250,000 +89.39% $314/sqft |
09/11/2017 Source: | Price Increased | $660,000 +166.94% $166/sqft |
11/27/2000 Source: | Sold | $247,250 $62/sqft |
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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.
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