Classic value/add investment opportunity in thriving Puyallup. Six of the seven units remain unmodernized, presenting a valuable opportunity for an incoming investor to execute strategic renovations. Upgraded units can command premium rents aligned with current market expectations for newly renovated apartments, enhancing overall asset value and cash flow potential. With a CBD zoning designation and an 8,370 SF land size, this property allows for versatile development options, including mixed-use, multifamily, and commercial expansion. Positioned near transit hubs and retail corridors, the property offers a strong rental market demand with a current CAP rate of 5.69% and a market CAP rate of 7.46%.
Listing Provided Courtesy of Tyler J. Bretz, Urban Commercial Partners, LLC
General Information
NWM2387090
Multi Family
2
DOM
8367.88 SqFt
3840
1916
Commerc
Pierce
Residential Incom
Multi Family
Listing Provided Courtesy of Tyler J. Bretz, Urban Commercial Partners, LLC
Krishna Realty data last checked: Jun 08, 2025 17:25 | Listing last modified Jun 06, 2025 20:47,
Source:
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Residence Information
3840
Composition
55 - 5-9 Units
1916
Poured Concrete
Features and Utilities
Wood Products
Public
Sewer Connected
0
Financial
9383
Cash Out, Conventional
06-06-2025
Comparable Information
2
2
Cash Out, Conventional
$1,050,000
$1,050,000
Jun 06, 2025 20:47
Schools
Map
Listing courtesy of Urban Commercial Partners, LLC.
Classic value/add investment opportunity in thriving Puyallup. Six of the seven units remain unmodernized, presenting a valuable opportunity for an incoming investor to execute strategic renovations. Upgraded units can command premium rents aligned with current market expectations for newly renovated apartments, enhancing overall asset value and cash flow potential. With a CBD zoning designation and an 8,370 SF land size, this property allows for versatile development options, including mixed-use, multifamily, and commercial expansion. Positioned near transit hubs and retail corridors, the property offers a strong rental market demand with a current CAP rate of 5.69% and a market CAP rate of 7.46%.
