219 5TH, Puyallup, WA 98372
Renovated multifamily property with a mix of 1-, 2-, and 4-bedroom units in Puyallup, WA.
- Added:
- May 20, 2025
- Days on Market:
- 404
- Last Refresh:
- Jun 25 at 8:04 pm
Property Features for 219 5TH
General Information
- Standard status
- Active
- Size
- 18,594 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1963
Listing office Lumin Brokers of Washington
Listing date May 20, 2025
Source Century21northhomes
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All listing content including descriptions, pricing, images are the copyrighted material of Lumin Brokers of Washington
HighLights
- Renovated multifamily building (1963) in Puyallup, WA
- Unit mix includes two 1BD/1BA, eighteen 2BD/1BA, and one 4BD/1.5BA unit
- Walk Score of 87/100 for access to shopping, entertainment, and restaurants
- Rents are below market, with potential to increase by an average of 14% to current market rents
- Current cap rate 6.03% projected to 7.28%
Overview
Located at 219 5th in Puyallup, WA, the building benefits from a Walk Score of 87 out of 100, supporting convenient access to shopping, entertainment districts, and restaurants. This central setting can be useful for tenants who prefer to live near everyday destinations.
The unit mix makes Garden Square Apartments suitable for operators looking to manage a portfolio-style multifamily asset and accommodate both shorter stays and longer tenancies, as described for the community. With multiple 1- and 2-bedroom units plus a larger 4-bedroom layout, the property offers flexibility in leasing strategies while maintaining a consistent apartment-building framework. Please do not disturb tenants.
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Puyallup
- County
- Pierce
- State
- Washington
- Longitude
- -122.2873601
- Latitude
- 47.1931002