219 5th Avenue NE

Puyallup, WA 98372

  • Bed

  • Bath

  • 18594 SqFt

  • 1 DOM

  • Built: 1963

  • Status: Active

$4,599,900

X

219 5th Avenue NE

Puyallup 98372

$4599900

  • Bed

  • Bath

  • 18594 SqFt

  • 1 DOM

  • Built: 1963

  • Status: Active

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Srinivas Kasam

CEO & Founder

(650)533-3259

Garden Square Apartments is a renovated multi-family building ideally located in the heart of Puyallup, WA comprised of two 1BD/1BA, eighteen 2BD/1BA, and one 4BD/1.5BA units. With a Walk Score of 87 out of 100 it has excellent proximity to shopping, entertainment districts and restaurants. This community is an attractive destination for vacations, business trips and urban professionals making it a unique opportunity for short-and long-term rentals alike. This investment offers a unique opportunity to add value without any updates to the building or units. The rents are significantly below market and can be increased by an average of 14% to meet current market rents. Current Cap Rate of 5.97% would be raised to 7.20%!

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Residence Information

  • 18594

  • Composition

  • 56 - 10+ Units

  • 1963

  • Poured Concrete

  • Coin Op Laundry

Features and Utilities

  • Wood Products

  • Public

  • Sewer Connected

  • 0

Financial

  • 40279

  • Cash Out, Conventional

  • 07-08-2025

Comparable Information

  • 1

  • 1

  • Cash Out, Conventional

  • $4,599,900

  • $4,599,900

  • Jul 08, 2025 22:00

Schools

Map

Listing courtesy of Lumin Brokers of Washington.

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: Jul 09, 2025 04:02 | Listing last modified Jul 08, 2025 22:00. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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