Home / 425 4th Street NE, Puyallup, WA 98372 (MLS # 2384784)

425 4th Street NE, Puyallup, WA 98372 (MLS # 2384784)

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Listing provided courtesy of Northwest MLS; Northmarq Multifamily, LLC

PRICE $3,550,000 dsIDX morgage calculator
BEDS 0
BATHS 0
HOME SIZE n/a
LOT SIZE 28,837 sqft
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We are pleased to present Prestige Townhomes, a well-maintained 1980 vintage asset located in Puyallup, WA. This 12-unit property features spacious, turnkey 2-bedroom, 1.5 bath townhomes with in-unit laundry averaging 940 SF. Each unit is equipped with modern finishes, including vinyl plank flooring, quartz countertops, stainless-steel appliances, and copper plumbing. The property currently achieves an average rent of $2,052 per unit, with the highest rent at $2,300 and two additional units rented at $2,195. With market rents exceeding current levels, there is a clear path to increase average rents by approximately $150/unit, to potentially $248/unit unlocking additional revenue potential for new ownership.

LAST UPDATED 6/2/2025 NEIGHBORHOOD Puyallup
YEAR BUILT 1980 COMMUNITY Puyallup
COUNTY Pierce STATUS Active
PROPERTY TYPE(S) Multi Family

SCHOOLS
Elementary School Stewart Elem
Jr. High School Kalles Jnr High
High School Puyallup High

PRICE HISTORY
Prior to Jun 2, '25 $3,700,000
Jun 2, '25 - Today $3,550,000


ADDITIONAL DETAILS
AIR None
AREA 79 - Puyallup
CONSTRUCTION Wood Siding
HEAT Electric, Forced Air
LOT 0.662 acre(s)
MLS STATUS Active
SEWER Septic Tank
STORIES 2
STYLE 56 - 10+ Units
SUBDIVISION Puyallup
TAXES 27249
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 8/4/25 10:03 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.

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