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$1,250,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 1 day ago

Listed by Tyler Freed | Windermere Real Estate/PSK Inc | (425) 433-6974

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Turnkey 5-unit investment opportunity in the heart of Downtown Puyallup! Extensively updated and exceptionally maintained, this property features five spacious 2-bedroom, 1-bath residences of approximately 775 square feet each, with beautifully remodeled interiors designed for lasting tenant appeal. Major improvements include a new roof in 2025, replaced electrical breaker panels throughout and upgraded triple-pane vinyl windows. Strong in-place rents provide immediate income, while the on-site coin-operated laundry offers an additional revenue stream. Situated on a generous 14,400 square foot corner lot with eight covered carport spaces plus three additional parking spaces. An outstanding location just blocks from the Puyallup Sounder Station and moments from downtown dining, shopping and amenities. A rare opportunity to acquire a renovated, income-producing 5-plex with significant capital improvements already completed in one of Puyallup's most convenient locations.

Full Property Details for 408 2nd St NW

General

  • Price: $1,250,000
  • Taxes: $8,924 (2026)
  • Status: Active
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2574077
  • Updated: 9/9/2026
  • Added to Site: 2 day(s) ago

Interior

  • Flooring: Vinyl, Carpet

Parking

  • Carport Spaces: 8
  • Covered Spaces: 8
  • Uncovered Spaces: 11

Location

  • Area: 81 - Puyallup
  • County: Pierce
  • Subdivision: Puyallup
  • Building Name: Stewarts J P 7th Add
  • Driving Directions: GPS Friendly

School Information

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

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Wall Furnace

Utilities

  • Sewer: Sewer Connected
  • Water: Public

Structural Information

  • Structure Type: Multi Family
  • Exterior Const.: Cement/Concrete, Wood Products
  • Foundation: Poured Concrete
  • Roof: Composition
  • Stories in Building: 5
  • Square Feet: 3,986
  • Year Built: 1976

Unit Information

  • Units in Building: 5

Lot Features

  • Property View: Territorial
  • Lot Size (Acres): 0.3306
  • Lot Size (Sq. Ft.): 14,400
  • Lot Size Source: County
  • Lot Features: Curbs, Paved, Sidewalk
  • Zoning: Multi-Family

Green Features

  • Energy Efficient: Thermal Windows

Financial Considerations

  • Tax Amount: $8,924
  • Tax Year: 2026
  • Terms: Cash, Conventional

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 7940700330
  • Block: 17
  • Lot Number: 11, 12

Listed by Tyler Freed | Windermere Real Estate/PSK Inc | (425) 433-6974

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Schools serving 408 2nd St NW

School District:Puyallup School District
NameGradesDistance
Stewart Elementary School
426 4th Avenue Northeast, Puyallup, WA 98372
PK-60.4 mi
Kalles Junior High School
501 7th Avenue Southeast, Puyallup, WA 98372
6-100.7 mi
Puyallup High School
105 7th Street Southwest, Puyallup, WA 98371
9-120.4 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 408 2nd St NW Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/09/2026
Listed
$1,250,000
89.39%
MLS
9/01/2017
Sold
$660,000
—
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 408 2nd St NW

Year
Property Taxes
Change
Tax Assessment
Change
2025
$9,352
—
$804,300
10%
2025
$9,352
13%
$731,200
-5%
2024
$8,284
4%
$769,700
—
2023
$7,982
-2%
$769,700
10%
2022
$8,179
12%
$699,700
24%
2021
$7,274
1%
$564,400
—
2020
$7,173
23%
$564,400
25%
2018
$5,835
—
$451,600
15%
2018
$5,835
8%
$392,700
10%
2017
$5,402
5%
$357,000
10%
2016
$5,151
-10%
$324,500
-12%
2014
$5,738
—
$370,200
—
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 Tyler Freed | Windermere Real Estate/PSK Inc | (425) 433-6974

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408 2nd Street NW, Puyallup, WA 98371 (MLS# 2574077) is a Multi-Family property with 5 units containing 0 bedrooms and 0 full bathrooms. 408 2nd Street NW is currently listed for $1,250,000 and was received on September 09, 2026. Want to learn more about 408 2nd Street NW? Do you have questions about finding other Multi-Family real estate for sale in Downtown Puyallup? You can browse all Downtown Puyallup real estate or contact a Coldwell Banker agent to request more information.

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