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    Renovated Apartment Building Title is generated by Realmo AI

    219 5TH, Puyallup, WA 98372

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    For Sale
    $4,549,900

    Renovated multifamily property with a mix of 1-, 2-, and 4-bedroom units in Puyallup, WA.

    Type:Multi-family
    Property size:
    18,594 SF
    Price / SF:
    $244/SF
    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

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    Rich Kim

    Listing office Lumin Brokers of Washington

    Listing date May 20, 2025

    Source Century21northhomes

    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 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

    Garden Square Apartments is a renovated multifamily building containing a mix of unit types: two 1-bedroom/1-bath units, eighteen 2-bedroom/1-bath units, and one 4-bedroom/1.5-bath unit. The property is positioned for rental operations with multiple bedroom formats that can serve a range of household needs.

    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.
    Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Puyallup
    County
    Pierce
    State
    Washington
    Longitude
    -122.2873601
    Latitude
    47.1931002

    FAQs

    What type of property is this?
    Short term rental property - Renovated multifamily property with a mix of 1-, 2-, and 4-bedroom units in Puyallup, WA.
    Where is this short term rental property located?
    The property is located at 219 5TH Puyallup, WA.
    What is the asking price?
    The asking price for this property is $4,549,900.
    What are key features of this property?
    This property features: 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
    More about this property
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