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Street View
Listed by: Michael Pollock (206) 399-1345 | Northwest Premier Brokers (800) 216-5680
$624,950
Monthly Est:$3,111
4 Beds
4 Baths
1,750sqft
916 40th Avenue SW, Puyallup, WA 98373
$624,950
$3,111/moEst:
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Duplex
Built in 1992
$-- HOA
13,561 sqft lot
$357/sq.ft
Description
Rare investment opportunity in Puyallup's desirable South Hill. This well-maintained duplex with long term tenants has never been vacant during the sellers ownership. It offers stable income today with a clear path to increased returns. Both units include large fully fenced yards with decks, attached 1-car garages and additional driveway parking. The property has enjoyed exceptional occupancy with long-term tenants. Current rents are slightly below market, providing a value-add opportunity for the next owner. Existing leases are month to month, allowing a defined timeline for potential rent increases and improved cash flow for new owner or owner occupancy with proper notice. New countertops are currently being installed throughout both units and are not reflected in the current photos. Tenants enjoy a single-family-home feel with the large fenced backyards, contributing to strong retention and consistent rental demand. Conveniently located near SR-512, shopping, dining, parks and schools. As an added investment opportunity, the purchaser of this duplex will be given the first rights to purchase the seller's adjacent duplex, creating the potential to expand ownership to four units in one prime location. Whether you're completing a 1031 exchange, expanding an existing portfolio, or just entering the multifamily market, this property offers great stability, future income and equity growth potential and a unique opportunity with a proven and reliable rental property.
- Houzeo last checked: 8 hours ago
- Listing updated: September 30, 2026 at 8:30 pm
- Source: Northwest Multiple Listing Service | MLS#: NWM2570051
Property Details
Status
Active
Type
Multi Family
No. of Stories
1
County
City
Neighborhood
--
Year Built
1992
HOA Fees
-
Finished Area
1,750 sqft
Lot Size
13,561 sqft lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2570051
MLS Status
Active
Days on Market
44
Cumulative Days on Market
107
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 4
Bathrooms: 4
Interior
Heating
Forced Air
Cooling
None
Sewer
Septic Tank
Exterior Features
Wood Products
Flooring
Laminate, Carpet
Construction
Year Built
Year Built: 1992
Home type
Duplex
Construction Materials
Wood
Property Condition
Good
Roof
Composition
Foundation Details
Poured Concrete
Utilities & Energy
Security Features
Fully Fenced
Water Source
Public
Other Features
Lot Features
Corner Lot
Subdivision Name
South Hill
Price History
| Date | Event | Price |
|---|---|---|
08/18/2026 Source: | Listing Removed | $649,950 $371/sqft |
06/16/2026 Source: | Listed for Sale | $649,950 $371/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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