Bought with: Windermere RE/Lake Tapps, Inc
$830,000
$848,000
2.1%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
4 Baths
3,216 SqFt
SOLD DATE : 04/17/2026
Key Details
Sold Price $830,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,216 sqft
Price per Sqft $258
Subdivision Puyallup
MLS Listing ID 2488035
Sold Date 04/17/26
Style 54 - 4-Plex
Bedrooms 8
Year Built 1977
Annual Tax Amount $9,117
Lot Size 0.574 Acres
Property Sub-Type Multi Family
Property Description
Solid, Turn-key Fourplex on a rare .57-acre lot in a quiet, rural setting with potential to add additional units or an ADU (buyer to verify). Major systems have been updated, including newer windows, roof, exterior paint, and interior improvements, minimizing near-term capital expenses. All units are 2 bed / 1 bath; upper units feature balconies and lower units offer private patios. A shared coin-op laundry provides additional income and tenant convenience. The outbuilding/garage is currently unused and could provide additional rental income. The property is fully occupied with strong tenants (two in leases, two month-to-month). Current rents are below market, offering clear upside through future increases. 8.5% Market Cap Rate (6.5% Current), this is an attractive opportunity for investors or owner-occupants looking to house hack. Conveniently located near shopping, schools, and transit, this property benefits from consistent rental demand and long-term growth potential.
Location
State WA
County Pierce
Area 85 - Puyallup
Interior
Flooring Ceramic Tile, Engineered Hardwood
Fireplace false
Exterior
Exterior Feature Wood
Amenities Available Outbuildings, Shop
View Y/N Yes
View Territorial
Roof Type Composition
Building
Sewer Septic Tank
Water Public
New Construction No
Schools
School District Puyallup
Others
Senior Community No
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
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