- – beds
- – baths
- 3,840 sqft
- 8,370 sqft lot
- $273 per sqft
- 1980 build
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%.
Last checked:
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Last updated Jun 9, 2025
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MLS# 2387090 —
The Building
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Year Built:1916
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Year Built:1980
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Year Built Source:Public Records
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New Construction:false
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Building Name:Meekers 3rd
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Structure Type:Multi Family
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Roof:Composition
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Foundation Details:Poured Concrete
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Exterior Features:Wood Products
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Units In Building Total:7
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# of Units Total:7
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Stories Total:2
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Building Area Total:3840
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Building Area Units:Square Feet
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Calculated SqFt:3840
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SqFt Source:Realist
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Construction Materials:Wood
Interior
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Fireplace:false
Financial & Terms
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Possession:Closing
Location
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Latitude:47.18827
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Longitude:-122.292979
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Directions:Take I-5 S from Seattle. Merge onto WA-161 S via Exit 127. Continue south, then take a right onto 4th Ave SE in Puyallup, arrive at 112 4th Ave SE.
The Property
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Property Type:Residential Income
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Property Subtype:Multi Family
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Property Condition:Fair
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Parcel Number:5745300071
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Lot Features:Alley, Paved
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Lot Size Units:Square Feet
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Lot Size Acres:0.1921
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Lot Size SqFt:8370
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Lot Size Source:Realist
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Zoning Description:Commercial
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Zoning Jurisdiction:City
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View:false
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Waterfront:false
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Possible Use:Commercial
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Irrigation Water Rights:false
Listing Agent
- Contact info:
- Agent phone:
- (206) 325-9333
- Office phone:
- (206) 325-9333
Taxes
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Tax Year:2025
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Tax Annual Amount:9383
The Listing
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Special Listing Conditions:None
Heating & Cooling
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Cooling:true
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Heating:true
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Cooling:Insert
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Heating:Fireplace Insert
Utilities
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Water Company:Puyallup Water Divison
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Water Source:Public
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Sewer:Sewer Connected
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Sewer Company:Puyallup Water Divison
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Power Company:Pse
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Water Sewer Garbage:7801
Schools
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High School District:Puyallup
The Community
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Subdivision Name:Puyallup
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Senior Community:false
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Association:false
Parking
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Parking Total:2
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Open Parking:false
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Carport:false
Listing courtesy of NWMLS / Urban Commercial Partners, LLC
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
6/6/25
Jun 6, 2025
|
Listed / Active | NWMLS | $1,050,000 |