12815 123rd Street E

Puyallup, WA 98374

  • Bed

  • Bath

  • 13240 SqFt

  • 30 DOM

  • Built: 1986

  • Status: Active

$3,550,000

X

12815 123rd Street E

Puyallup 98374

$3550000

  • Bed

  • Bath

  • 13240 SqFt

  • 30 DOM

  • Built: 1986

  • Status: Active

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Srinivas Kasam

CEO & Founder

(650)533-3259

We are pleased to present the Sherwood Apartments, an 18-unit multifamily community and a stabilized asset that is 100%occupied with zero delinquency. Built in 1986, this building features 17, 720SF 1BD units and 1, 1,000SF 2BD unit with vaulted ceilings in the top floor units. There is 1 carport per unit and a full size W/D in each. The property is nestled in a quiet residential neighborhood, backed up to a green belt, just 2.5 miles from South Hill Mall. The investment opportunity is offered at $206,000/unit, $279/SF, and delivers a 6.02% Cap Rate. There is value add potential, with room to increase current rents and capitalize on an additional 7.08% of revenue.

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Residence Information

  • 13240

  • Composition

  • 56 - 10+ Units

  • 1986

Features and Utilities

  • Wood

  • Septic Tank

  • 0

Financial

  • 36922

  • Assumable, Cash Out, Conventional

  • 10-06-2025

Comparable Information

  • 30

  • 30

  • Assumable, Cash Out, Conventional

  • $3,700,000

  • $3,700,000

  • Nov 05, 2025 18:13

Schools

Map

Listing courtesy of Northmarq Multifamily, LLC.

The content relating to real estate for sale on this site comes in part from the IDX program of the NWMLS of Seattle, Washington. Real Estate listings held by brokerage firms other than this firm are marked with the NWMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2025 NWMLS of Seattle, Washington. All information provided is deemed reliable but is not guaranteed and should be independently verified. Kasamestates data last checked: Nov 21, 2025 14:30 | Listing last modified Nov 05, 2025 18:13. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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