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About the Listing 4778 - 102039
Classic value/add investment opportunity in thriving Puyallup. Six of the seven units remain unmodernized, presenting a valuable opportunity for an incoming investor to execute strategic renovations. Upgraded units can command premium rents aligned with current market expectations for newly renovated apartments, enhancing overall asset value and cash flow potential. With a CBD zoning designation and an 8,370 SF land size, this property allows for versatile development options, including mixed-use, multifamily, and commercial expansion. Positioned near transit hubs and retail corridors, the property offers a strong rental market demand with a current CAP rate of 5.69% and a market CAP rate of 7.46%.
Listing Highlights for 112 4th Ave SE
Status
Active
Days on Site
92
Property Type
Multi-Family
MLS ®
2387090
Year Built
1916
Total Square Footage
4,050
Lot/Acreage
0.19
County
Pierce
Building Name
Meekers 3rd
Neighborhood
Puyallup
Area
83 - Puyallup
School District
Puyallup
Interior Details
- Bedrooms: 8
- Bathrooms: 7 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces: 0
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Puyallup Water Divison
Exterior Details
- Lot Description: Alley,Paved,Zoning: Commercial
- Garage Capacity: N/A
- Parking Spaces: 2
- Zoning: Commercial
- Roof: Composition
- Others: Wood Products,Fair
- Sewer: Puyallup Water Divison
Financial Details
- Tax Amount: $9,383
- Taxes w/Assessments: N/A
- Tax/Property ID: 5745300071
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
112 4th Ave SE Puyallup, WA 98372
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