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Property view

425 4th Street Ne, 
Puyallup, WA 98372

$3,400,000


Bed


Bath


-

Sq Ft


Multi-Family

Sold

Listed by

Brendan Greenheck

Bought with ZNonMember-Office-MLS

Northmarq Multifamily, LLC.

MLS#

2384784

Source:

NWMLS

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About This Home

425 4th Street Ne

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.

Home Facts

Multi-Family

Built in 1980

Price Summary

3,550,000

MLS #:

2384784

Sold:

October 17, 2025


Structure

Structure

Year Built:

1980


Lot

Lot Size (Sq. Ft):

28,838


Finances & Disclosures

Finances

Price:

$3,550,000

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