We are pleased to present Prestige Townhomes, a well-maintained 1980 vintage asset located in Puyallup, WA. This 12-unit property features spacious, turnkey 2-bedroom, 1.5 bath townhomes with in-unit laundry averaging 940 SF. Each unit is equipped with modern finishes, including vinyl plank flooring, quartz countertops, stainless-steel appliances, and copper plumbing. The property currently achieves an average rent of $2,052 per unit, with the highest rent at $2,300 and two additional units rented at $2,195. With market rents exceeding current levels, there is a clear path to increase average rents by approximately $150/unit, to potentially $248/unit unlocking additional revenue potential for new ownership.
Listing Provided Courtesy of Brendan Greenheck, Northmarq Multifamily, LLC
General Information
NWM2384784
Multi Family
20
DOM
0.66 acres
0
1980
Pierce
Stewart Elem
Kalles Jnr High
Puyallup High
Residential Incom
Multi Family
Listing Provided Courtesy of Brendan Greenheck, Northmarq Multifamily, LLC
Krishna Realty data last checked: Jun 29, 2025 14:08 | Listing last modified Jun 02, 2025 23:04,
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Residence Information
0
Composition
56 - 10+ Units
1980
See Remarks
Features and Utilities
Wood Products
Septic Tank
0
Financial
27249
Conventional
05-13-2025
Comparable Information
20
20
Conventional
$3,700,000
$3,700,000
Jun 02, 2025 23:04
Schools
Elementary : Stewart ElemN/ARatings Middle : Kalles Jnr High N/ARatings High : Puyallup HighN/ARatings
We are pleased to present Prestige Townhomes, a well-maintained 1980 vintage asset located in Puyallup, WA. This 12-unit property features spacious, turnkey 2-bedroom, 1.5 bath townhomes with in-unit laundry averaging 940 SF. Each unit is equipped with modern finishes, including vinyl plank flooring, quartz countertops, stainless-steel appliances, and copper plumbing. The property currently achieves an average rent of $2,052 per unit, with the highest rent at $2,300 and two additional units rented at $2,195. With market rents exceeding current levels, there is a clear path to increase average rents by approximately $150/unit, to potentially $248/unit unlocking additional revenue potential for new ownership.
