Listed by Skyline Properties, Inc.
NOT LISTED FOR SALE

215 23rd Ave SW Unit 1-15 Puyallup, WA 98371

-- Bed
-- Bath
-- Sq Ft
0.88 Acres

Last Sold December 30, 2020

Last sale price $4,160,455

13 Days on Market

Highlights

  • 0.88 Acre Lot
  • Deck
  • Engineered Wood Flooring
  • Puyallup High School Rated A-
  • Territorial View
  • Corner Lot

About This Home

As of December 2020

15-unit apartment,5.2% Cap Rate,3 buildings,one built in 1993 and 2 in 2003.Additional upside in rents and other income,spacious two and three-bedroom apartment homes averaging over 1,300, pickleball court and an abundance of parking totaling 37 total spaces including 18 garage spaces,washer & dryer in every unit,significant value-add opportunities remain by upgrading interior finishes, 5,300 new jobs estimated in 2020.The city’s rental rates have grown more than 29% in the last five years.

Last Agent to Sell the Property

Donna Marshall

Skyline Properties, Inc. License #111216 Listed on: 09/24/2020

Skyline Properties, Inc.

Co-Listed By

Dan Swanson

Kidder Mathews License #13533

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1666266

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $32,308

Year Built

  • Built in 2003

Lot Details

  • 0.88 Acre Lot
  • Street terminates at a dead end
  • Corner Lot
  • Sprinkler System
  • Property is in very good condition

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Vinyl Construction Material

Interior Spaces

  • 3-Story Property
  • Thermal Windows
  • Territorial Views

Flooring

  • Engineered Wood
  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile

Parking

  • 37 Parking Spaces
  • 18 Covered Spaces
  • Open Parking

Outdoor Features

  • Sport Court
  • Deck
  • Patio

Utilities

  • Cable TV Available

Community Details

  • Puyallup Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0420334196

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$32,308

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 2003
  • Buyer Agency Compensation: 1.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 0
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Engineered Hardwood, Laminate, Carpet
  • Interior Amenities: Forced Air, Ceramic Tile, Laminate Tile, Wall to Wall Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Fire Sprinklers,Storage,Thermal Windows

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Corner Lot, Dead End Street, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Metal/Vinyl, Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 18
  • Open Parking Spaces: 19
  • Open Parking: Yes
  • Total Parking Spaces: 37
  • ParkingUncoveredSpaces: 19

Utilities

  • Sewer: Sewer Connected
  • Water Source: Community
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: PSE
  • SewerCompany: City of Puyallup
  • WaterCompany: City of Puyallup
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Puyallup
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 0420334196
  • Lot Size Acres: 0.88
  • Lot Size Sq Ft: 38333
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Athletic Court,Cable TV,Deck,Patio,Sprinkler System
  • MLSLotSizeSource: public records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 27285

Multi Family

  • Gross Scheduled Income: 327420
  • Net Operating Income: 214207
  • Number Of Units Total: 15
  • Insurance Expense: 4659
  • Leasable Area: 20060
  • UnitsInBuildingTotal: 15
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2020
  • Tax Annual Amount: 32308

MLS Schools

  • Elementary School: Buyer To Verify

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
12/30/2020 12/30/20 Sold $4,160,455 +1.5% --
10/07/2020 10/07/20 Pending -- -- --
09/24/2020 09/24/20 For Sale $4,100,000 -- --
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Donna Marshall

    Seller's Agent in 2020

    Donna Marshall

    Skyline Properties, Inc

    (425) 422-0954

    1 in this area

    34 Total Sales

    Donna Marshall
    Section Image
  • Dan Swanson

    Seller Co-Listing Agent in 2020

    Dan Swanson

    Kidder Mathews

    (425) 444-6501

    1 in this area

    56 Total Sales

    Dan Swanson
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1666266

Northwest Multiple Listing Service (NWMLS)
Washington Pierce County Puyallup 98371

215 23rd Ave SW Unit 1-15, Puyallup, WA

This home is located at 215 23rd Ave SW Unit 1-15, Puyallup, WA 98371 since 24 September 2020. This property was built in 2003. 215 23rd Ave SW Unit 1-15 is a home located in Pierce County with nearby schools including Meeker 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

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