Multifamily Income
12910 109th Avenue Ct E Puyallup, WA 98374
For Sale
$4,400,000
17-unit multifamily property features in-unit washer and dryer and attached garages plus additional detached garage rentals.
Property Size18,140 SF
Price / SF$242.56
Days on Market135
Property Features for 12910 109th Avenue Ct E
General Information
Standard status
Active
Size
18,140 SF
Property subtype
Commercial
Building Details
Year Built
1983
Listing Agency:
GATEWAY COMMERCIAL GROUP
Listed By:
DENNY ELVINS
Source:
Corcoran
Added: Mar 18
Changed: Jul 22
Last Checked: Jul 30 at 6:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of GATEWAY COMMERCIAL GROUP
Investment Insights
Based on property information with market context.
Built between 1983 and 1984, Winsome Terrace is a residential income property consisting of two 6-plex units, one 4-plex unit, and a standalone unit for a total of 17 rentable units. The property’s unit mix is supported by garages associated with the units and additional detached garages on-site, creating opportunities for continued rental income. Some units have been recently updated, and washer and dryer are provided in all units.
The property includes multiple parking spaces and mature landscaping. It is located in the South Hill area of Puyallup, with proximity to local amenities.
Most units are currently occupied by long-term renters, and the seller notes that some rents may be below market value, supporting a program of ongoing upgrades for an owner who wants to increase returns over time.
The property includes multiple parking spaces and mature landscaping. It is located in the South Hill area of Puyallup, with proximity to local amenities.
Most units are currently occupied by long-term renters, and the seller notes that some rents may be below market value, supporting a program of ongoing upgrades for an owner who wants to increase returns over time.
Key Highlights
- 17‑unit multifamily property built in 1983, including two 6‑plex units, one 4‑plex unit, and one standalone unit
- All units include in‑unit washer and dryer
- Each unit has an attached garage plus 9 additional detached garage rentals for extra income
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $431.0k | $23.76 |
| − Vacancy | −$31.9k | −$1.76 |
| EGI | $399.1k | $22.00 |
| − OpEx | −$179.6k | −$9.90 |
| NOI | $219.5k | $12.10 |
18,140 SF · lease $23.76/SF/yr · vacancy 7.40% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$3.14M
$2.74M – $3.66M
NOI $219,512 @ 7.0% cap · market cap 4.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.90M
$4.29M – $5.72M
NOI $342,959 @ 7.0% cap · market cap 7.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - 17-unit multifamily property features in-unit washer and dryer and attached garages plus additional detached garage rentals.
Where is this apartment building located?
The property is located at 12910 109th Avenue Ct E Puyallup, WA.
What is the asking price?
The asking price for this property is $4,400,000.
What are key features of this property?
This property features: 17‑unit multifamily property built in 1983, including two 6‑plex units, one 4‑plex unit, and one standalone unit; All units include in‑unit washer and dryer; Each unit has an attached garage plus 9 additional detached garage rentals for extra income
