$1150000
Bed
Bath
5808 SqFt
5 DOM
Built: 1900
CEO & Founder
(650)533-3259Meridian Castle, located in the heart of Downtown Puyallup, presents a rare investment opportunity in a thriving market. Currently 100% occupied, the property generates $75,524 in NOI, reflecting an in-place 6.3% cap rate, with rents positioned below market expectations. Significant revenue upside exists through rent increases, utility bill-backs, storage leasing, and laundry income, all of which remain untapped by current ownership. With operational stabilization, the asset is projected to achieve a 7.45% proforma cap rate, reinforcing its long-term investment appeal. This property is available for sale individually or as part of a portfolio offering alongside 112 4th Ave SE, Puyallup.
Listing Provided Courtesy of Tyler J. Bretz, Urban Commercial Partners, LLC
NWM2387690
Multi Family
5 DOM
5998.21 SqFt
5808
1900
Pierce
Residential Incom
Multi Family
Listing Provided Courtesy of Tyler J. Bretz, Urban Commercial Partners, LLC
Kasamestates data last checked: Jul 21, 2025 23:18 | Listing last modified Jun 09, 2025 20:08,
Source:
Download our Mobile app