$4,549,900
Est. $23,055/mo219 5th Avenue Ne, Puyallup, WA 98372
• Listed 2025-07-08•37 days on market
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Based on information submitted to the MLS GRID as of May 6, 2026 at 02:58pm (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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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 6.03% would be raised to 7.28%! DO NOT DISTURB TENANTS
Listed by Rich Kim • Lumin Brokers of Washington
Listing updated: May 6, 2026 at 02:58pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2403003
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Nearby open houses (8)
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219 5th Avenue Ne, Puyallup, WA 98372
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Neighborhood mobility
$27,549 per month
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Puyallup is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 10 days.
$83,000 Sold
4 days ago
•Single Family
110 7th Street Se, Puyallup, WA 98372
25%
Under list
—
Days on market
0.4 mi
Distance
$140,000 Sold
5 weeks ago
1 bd•1 ba•~750 sq ft•Single Family
359 7th Street Se #2, Puyallup, WA 98372
7%
Under list
—
Days on market
0.6 mi
Distance
$125,000 Sold
6 weeks ago
2 bd•1 ba•Single Family
5711 112th Avenue Ct E #30, Puyallup, WA 98372
4%
Under list
—
Days on market
0.8 mi
Distance
$1,000,000 Sold
7 weeks ago
•Single Family
817 E Main, Puyallup, WA 98372
6%
Under list
—
Days on market
0.4 mi
Distance
$515,000 Sold
2 months ago
4 bd•1 ba•~2,890 sq ft•Single Family
413 2nd Street Ne, Puyallup, WA 98372
0%
Over list
—
Days on market
0.1 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
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Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Jun 2026
School information is unavailable for this listing. School boundaries can change, so verify the assigned schools with the district before purchasing.
