NOT LISTED FOR SALE

322 9th Ave SE Puyallup, WA 98372

-- Bed
-- Bath
16,210 Sq Ft
0.94 Acres

Last Sold February 17, 2021

Last sale price $3,447,300 $213 Per Sq Ft

12 Days on Market

Highlights

  • 0.94 Acre Lot
  • Puyallup High School Rated A-
  • Wood Siding

About This Home

As of February 2021

The Fairview Apartments provides the opportunity for an investor to walk into ownership with a turn key asset, or push rents without any further renovations. The property is ideally located a few blocks from the Washington State Fairgrounds & Events Center, Good Samaritan Hospital, and Highway 512, which provides tenants with immediate access to Seattle, Kent, Tacoma and Sumner Valley.

Last Agent to Sell the Property

Tyler Smith

Northmarq Multifamily, LLC License #24028396 Listed on: 11/19/2020

Co-Listed By

Steve Fischer

Northmarq Multifamily, LLC License #87455

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1691261

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $28,543

Year Built

  • Built in 1977

Lot Details

  • 0.94 Acre Lot

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 16,210 Sq Ft Home
  • 2-Story Property

Parking

  • 28 Parking Spaces
  • Open Parking

Community Details

  • Puyallup Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3115000050

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$28,543

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1977
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 16210
  • Special Features: None
  • Cumulative Days on Market: 279

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Interior Amenities: Forced Air
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Structure Type: Multi Family

Garage/Parking

  • Carport Spaces: 8
  • Carport Y N: No
  • Open Parking Spaces: 20
  • Open Parking: Yes
  • Total Parking Spaces: 28
  • ParkingUncoveredSpaces: 20

Utilities

  • Sewer: Sewer Connected
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 20992

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Puyallup

Lot Info

  • Parcel Number: 3115000050
  • Lot Size Acres: 0.9367
  • Lot Size Sq Ft: 40803
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Pierce County Assessor
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 24208

Multi Family

  • Gross Scheduled Income: 290496
  • Net Operating Income: 177722
  • Number Of Units Total: 18
  • Insurance Expense: 6189
  • Leasable Area: 16210
  • UnitsInBuildingTotal: 18
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2020
  • Tax Annual Amount: 28543

Range of Values:

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List Price
Sold Price
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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
02/17/2021 02/17/21 Sold $3,447,300 +1.4% $213 / Sq Ft
12/01/2020 12/01/20 Pending -- -- --
11/19/2020 11/19/20 For Sale $3,400,000 -- $210 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1691261

Northwest Multiple Listing Service (NWMLS)