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  • 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
    : 
    Multi Family
    Built in 1980
    -- sqft lot
    $3,291,900 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    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.
    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#: 2384784MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 425 4th Street NE.

    Next available tour time:Tomorrow at 11am

    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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