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About the Listing 7829 - 47547
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 6.00% would be raised to 7.24%! DO NOT DISTURB TENANTS
Listing Highlights for 219 5th Ave NE
Status
Active
Days on Site
60
Property Type
Multi-Family
MLS ®
2403003
Year Built
1963
Total Square Footage
19,592
Lot/Acreage
0.54
Interior Details
- Bedrooms: 42
- Bathrooms: 21 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces: 0
- Floor: Laminate,Carpet
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: City of Puyallup
Exterior Details
- Lot Description: Corner Lot,Curbs,Paved,Sidewalk,Cable TV,Fenced-Partially,Zoning: Multi-Family
- Garage Capacity: N/A
- Parking Spaces: 20
- Zoning: Multi-Family
- Roof: Composition
- Others: Wood Products,Good
- Sewer: City of Puyallup
Financial Details
- Tax Amount: $40,279
- Taxes w/Assessments: N/A
- Tax/Property ID: 7600200041
- Tax Year: 2025
Payment Calculator
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Listing Location
Questions About..
219 5th Ave NE Puyallup, WA 98372
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