219 5th Avenue NE
Puyallup, WA 98372
Map
- – beds
- – baths
- 18,594 sqft
- ~1/2 acre lot
- $247 per sqft
- 1988 build
Garden Square Apartments is a renovated multi-family building ideally located in the heart of Puyallup, WA comprised of two 1BD/1BA, eighteen 2BD/1BA, and one 4BD/1.5BA units. With a Walk Score of 87 out of 100 it has excellent proximity to shopping, entertainment districts and restaurants. This community is an attractive destination for vacations, business trips and urban professionals making it a unique opportunity for short-and long-term rentals alike. This investment offers a unique opportunity to add value without any updates to the building or units. The rents are significantly below market and can be increased by an average of 14% to meet current market rents. Current Cap Rate of 5.97% would be raised to 7.20%!
Last checked:
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Checking…
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Last updated Jul 8, 2025
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MLS# 2403003 —
The Building
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Year Built:1963
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Year Built:1988
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Year Built Source:Public Records
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New Construction:false
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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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Security Features:Partially Fenced
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Exterior Features:Wood Products
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Units In Building Total:21
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# of Units Total:21
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Stories Total:2
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Building Area Total:18594
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Building Area Units:Square Feet
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Calculated SqFt:18594
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SqFt Source:Realist
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Construction Materials:Wood
Interior
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Flooring:Laminate, Carpet
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Fireplace:false
Financial & Terms
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Possession:Subject to Tenant Rights
Location
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Latitude:47.195776
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Longitude:-122.291296
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Directions:From N Meridian turn East onto 5th Ave NE. Property is on the left.
The Property
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Property Type:Residential Income
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Property Subtype:Multi Family
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Property Condition:Good
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Parcel Number:7600200041
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Lot Features:Corner Lot, Curbs, Paved, Sidewalk
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Lot Size Units:Square Feet
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Lot Size Acres:0.5353
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Lot Size SqFt:23319
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Lot Size Source:Realist
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Zoning Description:Multi-Family
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Zoning Jurisdiction:City
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View:Territorial
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View:true
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Waterfront:false
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Possible Use:Multi-Family
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Irrigation Water Rights:false
Listing Agent
- Contact info:
- Agent phone:
- (855) 586-4692
- Office phone:
- (855) 586-4692
Taxes
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Tax Year:2025
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Tax Annual Amount:40279
The Listing
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Special Listing Conditions:None
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Virtual Tour Unbranded:
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Virtual Tour URL Description:Slideshow
Heating & Cooling
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Cooling:false
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Heating:true
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Cooling:None
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Heating:Baseboard
Utilities
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Water Company:City Of Puyallup
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Water Source:Public
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Sewer:Sewer Connected
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Sewer Company:City Of Puyallup
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Power Company:Puget Sound Energy
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Water Sewer Garbage:42000
Schools
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High School District:Puyallup
The Community
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Subdivision Name:Downtown
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Amenities:Coin Op Laundry
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Senior Community:false
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Association:false
Parking
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Parking Total:20
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Parking Uncovered Spaces:20
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Open Parking:true
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Open Parking Spaces:20
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Carport:false
Listing courtesy of NWMLS / Lumin Brokers of Washington
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).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
7/8/25
Jul 8, 2025
|
Listed / Active | NWMLS | $4,599,900 | 196.8% (10.3% / YR) |
|
5/15/06
May 15, 2006
|
NWMLS | $1,550,000 |
