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$998,500

  • For Sale
  • Active
  • Multi-Family
  • Updated 12 days ago

Next open house:

Open House: 11:00 AM - 2:00 PM

Sunday 1/18 11:00 AM - 2:00 PM

338 5th Street SE,Puyallup, WA 98372

338 5th Street SEPuyallupWA98372

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Listed by Stephen Sherman | HomeSmart Real Estate Assoc | (253) 627-7653

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Here is your chance to purchase a rare 2021 built duplex in Puyallup. With a long term tenant downstairs and a four year old Air BnB upstairs, this building provides stability for income with the lower unit while the upstairs provides a larger opportunity for maximum cash flow. No corners were cut in the construction of this building with Quartz counter tops, custom tile backplash, undercounter lighting, custom fireplaces along with LVP flooring throughout. The upstairs unit is fully furnished and can be transfered as a functioning Air BnB or house hack it, and create real wealth. A real unique opportunity to own a truly unique property in-town that's walkable to the WA State Fairgrounds and everything the city of Puyallup has to offer.

Full Property Details for 338 5 St SE

General

  • Price: $998,500
  • Taxes: $7,966 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2425785
  • Updated: 1/5/2026
  • Added to Site: 142 day(s) ago

Interior

  • Flooring: Vinyl Plank

Additional Information

  • Amenities: Deck, Gas Available, High Speed Internet, Patio, RV Parking

Parking

  • Uncovered Spaces: 5
  • Parking Features: RV Parking

Location

  • Area: 79 - Puyallup
  • County: Pierce
  • Subdivision: Puyallup
  • Driving Directions: From 512 take the Pioneer exit and head west toward town. Take left at light on 5th St. SE and the Duplex is 1/2 way down on the right side of street.

School Information

  • High School District: Puyallup
  • Elementary School: Spinning Elem
  • Middle School: Kalles Jnr High
  • High School: Puyallup High

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Ductless
  • Heating Type: Ductless, Wall Unit(s)

Utilities

  • Sewer: Sewer Connected
  • Water: Public

Structural Information

  • Structure Type: Duplex
  • Exterior Const.: Cement Planked, Wood
  • Foundation: Poured Concrete
  • Roof: Composition
  • Stories in Building: 2
  • Square Feet: 3,056
  • Year Built: 2021
  • Property Condition: Very Good

Unit Information

  • Units in Building: 2

Lot Features

  • Property View: Mountain(s)
  • Lot Size (Acres): 0.1039
  • Lot Size (Sq. Ft.): 4,527
  • Lot Size Source: Public Records
  • Lot Dimensions: 41' x 110'
  • Lot Features: Alley, Curbs, Paved, Sidewalk

Green Features

  • Energy Efficient: Thermal Windows

Financial Considerations

  • Tax Amount: $7,966
  • Tax Year: 2025
  • Terms: Cash Out, Conventional, FHA, VA Loan

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 5745000260

Listed by Stephen Sherman | HomeSmart Real Estate Assoc | (253) 627-7653

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NMLS#: 1598647

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Schools serving 338 5 St SE

School District:Puyallup School District
NameGradesDistance
Spinning Elementary School
1306 East Pioneer, Puyallup, WA 98372
PK-60.6 mi
Kalles Junior High School
501 7th Avenue Southeast, Puyallup, WA 98372
6-100.1 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 338 5 St SE Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/05/2026
Price Reduced
$998,500
-2.59%
MLS
11/03/2025
Price Reduced
$1,025,000
-2.38%
MLS
10/24/2025
Price Reduced
$1,050,000
-3.67%
MLS
9/17/2025
Price Reduced
$1,090,000
-0.91%
MLS
8/29/2025
Listed
$1,100,000
368.28%
MLS
6/19/2018
Sold
$234,900
—
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 338 5 St SE

Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,967
21%
$725,100
7%
2024
$6,561
10%
$674,600
8%
2023
$5,975
-4%
$626,100
10%
2022
$6,205
3827%
$569,400
4280%
2021
$158
22%
$13,000
21%
2020
$130
-84%
$10,700
-84%
2018
$816
—
$66,600
7%
2018
$816
18%
$62,300
21%
2017
$693
15%
$51,600
21%
2016
$602
24%
$42,800
6%
2014
$487
—
$40,200
17%
2014
$487
—
$34,400
—
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.

Estimate the Cost for 338 5 St SE

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NMLS#: 1598647

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Listed by Stephen Sherman | HomeSmart Real Estate Assoc | (253) 627-7653

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Price Reduced near 338 5 St SE

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126 15 St SE, Puyallup, WA 98372 - Photo 1 Sold
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338 5th Street SE, Puyallup, WA 98372 (MLS# 2425785) is a Multi-Family property with 2 units containing 0 bedrooms and 0 full bathrooms. 338 5th Street SE is currently listed for $998,500 and was received on August 29, 2025. Want to learn more about 338 5th Street SE? 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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