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$4,574,900

  • For Sale
  • Active
  • Multi-Family

Listed by Rich Kim | Lumin Brokers of Washington | (855) 586-4692

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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 6.00% would be raised to 7.24%! DO NOT DISTURB TENANTS

Full Property Details for 219 5th Ave NE

General

  • Price: $4,574,900
  • Taxes: $40,279 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2403003
  • Updated: 12/4/2025
  • Added to Site: 192 day(s) ago

Interior

  • Flooring: Laminate, Carpet

Additional Information

  • Amenities: Cable TV, Fenced-Partially
  • Security/Safety: Partially Fenced

Parking

  • Uncovered Spaces: 20

Location

  • Area: 83 - Puyallup
  • County: Pierce
  • Subdivision: Downtown
  • Driving Directions: From N Meridian turn East onto 5th Ave NE. Property is on the left.

School Information

  • High School District: Puyallup

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Baseboard

Utilities

  • Sewer: Sewer Connected
  • Water: Public

Structural Information

  • Structure Type: Multi Family
  • Exterior Const.: Wood Products
  • Foundation: Poured Concrete
  • Roof: Composition
  • Stories in Building: 2
  • Square Feet: 18,594
  • Year Built: 1963
  • Property Condition: Good

Unit Information

  • Units in Building: 21

Lot Features

  • Property View: Territorial
  • Lot Size (Acres): 0.5353
  • Lot Size (Sq. Ft.): 23,319
  • Lot Size Source: Realist
  • Lot Features: Corner Lot, Curbs, Paved, Sidewalk
  • Zoning: Multi-Family

Financial Considerations

  • Tax Amount: $40,279
  • Tax Year: 2025
  • Terms: Cash Out, Conventional

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 7600200041

Listed by Rich Kim | Lumin Brokers of Washington | (855) 586-4692

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NMLS#: 1598647

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Schools serving 219 5th Ave NE

School District:Puyallup School District
NameGradesDistance
Stewart Elementary School
426 4th Avenue Northeast, Puyallup, WA 98372
PK-60.2 mi
Kalles Junior High School
501 7th Avenue Southeast, Puyallup, WA 98372
6-100.6 mi
Puyallup High School
105 7th Street Southwest, Puyallup, WA 98371
9-120.6 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 219 5th Ave NE Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/05/2025
Price Reduced
$4,574,900
-0.54%
MLS
7/08/2025
Listed
$4,599,900
19.48%
MLS
10/20/2023
Sold
$3,850,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 219 5th Ave NE

Year
Property Taxes
Change
Tax Assessment
Change
2025
$40,279
18%
$3,295,500
5%
2024
$34,259
4%
$3,138,600
—
2023
$32,941
-1%
$3,138,600
12%
2022
$33,161
14%
$2,802,300
26%
2021
$29,189
1%
$2,231,500
—
2020
$28,773
23%
$2,231,500
25%
2018
$23,428
—
$1,785,200
15%
2018
$23,428
12%
$1,552,400
15%
2017
$20,863
3%
$1,349,900
8%
2016
$20,213
-6%
$1,249,900
-10%
2014
$21,553
—
$1,383,600
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Rich Kim | Lumin Brokers of Washington | (855) 586-4692

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219 5th Avenue NE, Puyallup, WA 98372 (MLS# 2403003) is a Multi-Family property with 21 units containing 0 bedrooms and 0 full bathrooms. 219 5th Avenue NE is currently listed for $4,574,900 and was received on July 08, 2025. Want to learn more about 219 5th Avenue NE? Do you have questions about finding other Multi-Family real estate for sale in Puyallup? You can browse all Puyallup real estate or contact a Coldwell Banker agent to request more information.

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