219 5th Avenue Ne, Puyallup, WA 98372

Puyallup
Local realty services provided by:Knipe Realty ERA Powered
Listed by: rich kim
Office: lumin brokers of washington
MLS#:2403003
Source:NWMLS
219 5th Avenue Ne,Puyallup, WA 98372
$4,549,900
Virtual Tour
  • - Beds
  • - Baths
  • 18,594 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$4,549,900
  • Price per sq. ft.:$244.7

About this home

Garden Square Apartments is a renovated multi-family building ideally located in the heart of Puyallup, WA comprised of two 1BD/1BA, eighteen 2BD/1BA, and one 4BD/1.5BA units. With a Walk Score of 87 out of 100 it has excellent proximity to shopping, entertainment districts and restaurants. This community is an attractive destination for vacations, business trips and urban professionals making it a unique opportunity for short-and long-term rentals alike. This investment offers a unique opportunity to add value without any updates to the building or units. The rents are significantly below market and can be increased by an average of 14% to meet current market rents. Current Cap Rate of 6.03% would be raised to 7.28%! DO NOT DISTURB TENANTS

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Home facts

  • Year built:1963
  • Subdivision & Development:Downtown
  • Listing ID #:2403003
  • Updated:August 18, 2026 at 11:16 AM

Rooms and interior

  • Flooring:Carpet, Laminate
  • Living area:18,594 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Composition
  • Year built:1963
  • Building area:18,594 sq. ft.
  • Lot area:0.54 Acres
  • Lot Features:Corner, Curbed Lot, Paved, Sidewalk
  • Construction Materials:Wood Products Exterior Finish
  • Exterior Features:Fenced-Partially

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$4,549,900
  • Price per sq. ft.:$244.7
  • Tax amount:$40,279 (2025)

Features and amenities

  • Amenities:Cable TV

Parking

  • Parking description:Uncovered Space(s) : 20
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