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24-Unit Apartment Community

501 2nd St NE, Puyallup, WA 98372

For Sale
Contact for pricing

Newly built residences feature one- and two-bedroom plans with in-unit laundry and air conditioning.

Property SizeContact for details
Days on Market32

Property Features for 501 2nd St NE

General Information

Standard status Active
Class Class A
Property subtype Multifamily

Additional Details

Highway Access Yes
Multifamily Units 24

Amenities

in-unit washer/dryer
air conditioning
Listing Agency: Kidder Mathews Tacoma
Listed By: Austin Kelley
Source: Crexi
Added: Oct 10 Changed: Nov 8 Last Checked: Nov 10 at 5:25AM

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 Kidder Mathews Tacoma

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

The 24-unit apartment property at 501 2nd St NE in Puyallup, Washington, was recently constructed. Its one- and two-bedroom floor plans include in-unit washers and dryers, air conditioning, quartz countertops, and full-length backsplashes. The property also benefits from an eight-year Multifamily Tax Exemption (MFTE) tax abatement.

Greyland Park is steps away, while cafes, restaurants, schools, and a hospital are described as within walking distance. The property has access to State Route 512 and Interstate 5. Its apartment mix and in-unit features provide a clear overview of the residential offering.

Key Highlights

  • 24‑unit apartment property, newly constructed
  • One- and two‑bedroom floor plans
  • In‑unit washer and dryer; air conditioning

Property Analytics

Lease Details

24
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,506
Businesses Nearby

Demographics for 98372, WA

26,652
Population
10,701
Households
2.5
Avg Household Size
39
Median Age
28%
College-Educated
95%
High-School Grad
13.3 sq mi
ZIP Area
2,004
Density / Sq Mi
$100,316
Median Household Income
$55,892
Median Earnings
$1,745
Median Rent
$570,100
Median Home Value

Market

Average Price Trend$/SF for Apartment buildings in Pierce County, WA

$259 Jul
$252 Aug
$244 Sep
$246 Oct

Properties on Market for Apartment buildings in Pierce County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Newly built residences feature one- and two-bedroom plans with in-unit laundry and air conditioning.
Where is this apartment building located?
The property is located at 501 2nd St NE Puyallup, WA.
What are key features of this property?
This property features: 24‑unit apartment property, newly constructed; One- and two‑bedroom floor plans; In‑unit washer and dryer; air conditioning
(253) 722-1413 Call to check price and availability
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