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.
Active
Listed by:
Brendan Greenheck,
Northmarq Multifamily, LLC
Price cut: $150K (6/2)
$3,550,000
425 4th Street NE, Puyallup, WA 98372
24beds
24baths
--sqft
Est.:
Multi Family
Built in 1980
-- sqft lot
$3,291,900 Zestimate®
$--/sqft
$-- HOA
What's special
- 65 days
- on Zillow |
- 134 |
- 4 |
Zillow last checked: 7 hours ago
Listing updated: June 02, 2025 at 04:13pm
Listed by:
Brendan Greenheck,
Northmarq Multifamily, LLC
Source: NWMLS,MLS#: 2384784

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 24
- Bathrooms: 24
Heating
- Forced Air, Electric
Cooling
- None
Features
- Flooring: Vinyl Plank, Carpet
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Parking
- Total spaces: 25
- Parking features: Open
- Uncovered spaces: 25
Lot
- Size: 0.66 Acres
- Features: Fenced-Partially, Patio
Details
- Parcel number: 7600000221
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Products
- Roof: Composition
Condition
- Year built: 1980
Utilities & green energy
- Sewer: Septic Tank
Community & HOA
Community
- Subdivision: Puyallup
Location
- Region: Puyallup
Financial & listing details
- Tax assessed value: $2,659,500
- Annual tax amount: $27,249
- Date on market: 5/13/2025
- Listing terms: Conventional
- Cumulative days on market: 82 days
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