219 5th Street, Puyallup, WA 98372 (MLS # 2589855)

Listing provided courtesy of Northwest MLS; Kidder Mathews

PRICE	$4,000,000
BEDS	0
BATHS	0
HOME SIZE	n/a
LOT SIZE	23,318 sqft

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JUST LISTED - Garden Square apartments, a 21-unit multifamily property centrally located at 219 12th Ave SE, Puyallup, WA 98372. Featuring large average floor plans of 934 SF "” well above typical unit sizes for comparable product in the submarket "” Garden Square provides a clear value-add pathway through a continued renovation program, including updated kitchens, bathrooms, flooring, and modern finishes tailored to today's renter expectations. New ownership can continue this in-place renovation strategy to increase monthly rents by approximately 12%, unlocking substantial gains in net operating income as units turn. In addition to its generously sized floor plans, the property benefits from a centralized Puyallup location, offering convenient access to neighborhood retail / employment centers / downtown Puyallup, positioning the asset to appeal to a broad renter base seeking larger, more livable units at accessible rents. Garden Square represents a high-quality foundation for continued value - add execution, with Garden Square's oversized unit layouts serving as a key differentiator from the market's typical unit mix. Its size, location, and renovation runway make it well-suited to support both existing tenant retention and rent growth as the improvement program continues.

LAST UPDATED	10/1/2026	TRACT	Puyallup
YEAR BUILT	1963	COMMUNITY	Puyallup
COUNTY	Pierce	STATUS	Active
PROPERTY TYPE(S)	Multi Family

ADDITIONAL DETAILS
AIR	None
AREA	83 - Puyallup
HEAT	Baseboard, Electric
LOT	0.5353 acre(s)
MLS STATUS	Active
STORIES	2
STYLE	56 - 10+ Units
SUBDIVISION	Puyallup
TAXES	42224
UTILITIES	Sewer Connected
ZONING	Multi-Family

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Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 10/17/26 1:24 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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