Listed by Urban Commercial Partners, LLC
$1,050,000

112 4th Ave SE Puyallup, WA 98372

Estimated payment $6,504/month

Total Views 5,116
8 Beds
7 Baths
3,840 Sq Ft
$273 Price per Sq Ft

About This Home

Classic value/add investment opportunity in thriving Puyallup. Six of the seven units remain unmodernized, presenting a valuable opportunity for an incoming investor to execute strategic renovations. Upgraded units can command premium rents aligned with current market expectations for newly renovated apartments, enhancing overall asset value and cash flow potential. With a CBD zoning designation and an 8,370 SF land size, this property allows for versatile development options, including mixed-use, multifamily, and commercial expansion. Positioned near transit hubs and retail corridors, the property offers a strong rental market demand with a current CAP rate of 5.69% and a market CAP rate of 7.46%.

Listing Agent

Tyler Bretz, CCIM

Urban Commercial Partners, LLC License #23000464 Listed on: 06/06/2025

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2387090

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,383

Year Built

  • Built in 1916

Lot Details

  • 8,370 Sq Ft Lot

Parking

  • 2 Parking Spaces

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 3,840 Sq Ft Home
  • 2-Story Property
  • Self Contained Fireplace Unit Or Insert

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Bathrooms

Community Details

  • No Home Owners Association
  • Meekers 3Rd Condos
  • Puyallup Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5745300071

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,383

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1916
  • MLS Status: Active
  • Prev Status: Active
  • Building Name: Meekers 3rd
  • New Construction: No
  • CalculatedSquareFootage: 3840
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 80

Interior Features

  • Possible Use: Commercial
  • Total Bedrooms: 8
  • Fireplace: No
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Alley, Paved
  • View: No
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Fair
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking: No
  • Total Parking Spaces: 2
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: Insert
  • Cooling Y N: Yes
  • Heating: Fireplace Insert
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: Puyallup Water Divison
  • WaterCompany: Puyallup Water Divison
  • WaterSewerGarbage: 7801

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Puyallup

Lot Info

  • Parcel Number: 5745300071
  • Lot Size Acres: 0.1921
  • Lot Size Sq Ft: 8370
  • Zoning Description: Commercial
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 9.8
  • LeasedItems: None
  • TotalMonthlyIncome: 8900

Multi Family

  • Gross Scheduled Income: 106800
  • Net Operating Income: 59741
  • Number Of Units Total: 7
  • Electric Expense: 100
  • Insurance Expense: 6697
  • Leasable Area: 3840
  • EnergySource: Electric
  • UnitsInBuildingTotal: 7
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2025
  • Tax Annual Amount: 9383

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/06/2025 06/06/25 For Sale $1,050,000 -- $273 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2387090

Northwest Multiple Listing Service (NWMLS)
Washington Pierce County Puyallup 98372

112 4th Ave SE, Puyallup, WA

This home is located at 112 4th Ave SE, Puyallup, WA 98372 and is currently priced at $1,050,000, approximately $273 per square foot. This property was built in 1916. 112 4th Ave SE is a home located in Pierce County with nearby schools including Spinning Elementary School, Kalles Junior High School, and Puyallup High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

Nearby Homes
Tyler Bretz, CCIM
Listing Agent
Tyler Bretz, CCIM
Section Image
Urban Commercial Partners, LLC
(253) 242-9626