916 40th AVE SW, Puyallup, WA 98373
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916 40th AVE SW, Puyallup, WA 98373
916 40th AVE SW, Puyallup, WA 98373
916 40th AVE SW, Puyallup, WA 98373
916 40th AVE SW, Puyallup, WA 98373
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Brandon Richards

Brandon Richards

Engel & Voelkers Kirkland

+1(206) 919-5731
Listed by:Northwest Premier Brokers • Michael Pollock
$ 649,950
Est. payment /mo
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916 40th AVE SW Puyallup, WA 98373

4 Beds

4 Baths

1,750 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,750 sqft

Price per Sqft $371

Subdivision South Hill

MLS Listing ID 2539983

Style 52 - Duplex

Bedrooms 4

Year Built 1992

Annual Tax Amount $5,820

Lot Size 0.311 Acres

Property Sub-Type Multi Family

Property Description

Rare investment opportunity in Puyallup's desirable South Hill. This well-maintained duplex with long term tenants has never been vacant during the sellers ownership. It offers stable income today with a clear path to increased returns. Both units include large fully fenced yards with decks, attached 1-car garages and additional driveway parking. The property has enjoyed exceptional occupancy with long-term tenants. Current rents are slightly below market, providing a value-add opportunity for the next owner. Existing leases have less than six months remaining, allowing a defined timeline for potential rent increases and improved cash flow to the already existing solid amount. New countertops are currently being installed throughout both units and are not reflected in the current photos. Tenants enjoy a single-family-home feel with the large fenced backyards, contributing to strong retention and consistent rental demand. Conveniently located near SR-512, shopping, dining, parks and schools. As an added investment opportunity, the purchaser of this duplex will be given the first rights to purchase the seller's adjacent duplex, creating the potential to expand ownership to four units in one prime location. Whether you're completing a 1031 exchange, expanding an existing portfolio, or just entering the multifamily market, this property offers great stability, future income and equity growth potential and a unique opportunity with a proven and reliable rental property.

Location

State WA

County Pierce

Area 87 - Puyallup

Interior

Flooring Laminate, Carpet

Fireplace false

Exterior

Exterior Feature Wood Products

Garage Spaces 2.0

Amenities Available Fenced-Fully, Outbuildings

View Y/N No

Roof Type Composition

Building

Lot Description Corner Lot

Sewer Septic Tank

Water Public

New Construction No

Schools

Elementary Schools Edward Zeiger Elem

Middle Schools Ballou Jnr High

High Schools Gov John Rogers Hs

School District Puyallup

Others

Senior Community No

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
Brandon Richards

Brandon Richards

Real Estate Advisor

+1(206) 919-5731

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916 40th AVE SW