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$3,400,000

  • Sold
  • Closed
  • Multi-Family

Listed by Brendan Greenheck | Northmarq Multifamily, LLC | (952) 356-0100
Sold by Non Member ZDefault | ZNonMember-Office-MLS

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We are pleased to present Prestige Townhomes, a well-maintained 1980 vintage asset located in Puyallup, WA. This 12-unit property features spacious, turnkey 2-bedroom, 1.5 bath townhomes with in-unit laundry averaging 940 SF. Each unit is equipped with modern finishes, including vinyl plank flooring, quartz countertops, stainless-steel appliances, and copper plumbing. The property currently achieves an average rent of $2,052 per unit, with the highest rent at $2,300 and two additional units rented at $2,195. With market rents exceeding current levels, there is a clear path to increase average rents by approximately $150/unit, to potentially $248/unit unlocking additional revenue potential for new ownership.

Full Property Details for 425 4th St NE

General

  • Sold For: $3,400,000
  • Taxes: $27,249 (2024)
  • Status: Closed
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2384784
  • Added to Site: 250 day(s) ago

Interior

  • Flooring: Vinyl Plank, Carpet

Additional Information

  • Amenities: Fenced-Partially, Patio
  • Security/Safety: Partially Fenced

Parking

  • Uncovered Spaces: 25

Location

  • Area: 79 - Puyallup
  • County: Pierce
  • Subdivision: Puyallup
  • Driving Directions: Take Exit 137 from I-5 S; Take Valley Ave E. Turn right onto Milwaukee Ave E; Turn right onto 5th Ave NE; Turn left at the 1st cross street onto 4th St NE; Turn left.

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: Forced Air

Utilities

  • Sewer: Septic Tank

Structural Information

  • Structure Type: Multi Family
  • Exterior Const.: Wood Products
  • Roof: Composition
  • Stories in Building: 2
  • Year Built: 1980

Unit Information

  • Units in Building: 12

Lot Features

  • Lot Size (Acres): 0.662
  • Lot Size (Sq. Ft.): 28,838
  • Lot Size Source: County

Financial Considerations

  • Tax Amount: $27,249
  • Tax Year: 2024
  • Terms: Conventional

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 7600000221

Listed by Brendan Greenheck | Northmarq Multifamily, LLC | (952) 356-0100
Sold by Non Member ZDefault | ZNonMember-Office-MLS

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 425 4th St NE

School District:Puyallup School District
NameGradesDistance
Stewart Elementary School
426 4th Avenue Northeast, Puyallup, WA 98372
PK-60.1 mi
Kalles Junior High School
501 7th Avenue Southeast, Puyallup, WA 98372
6-100.5 mi
Puyallup High School
105 7th Street Southwest, Puyallup, WA 98371
9-120.7 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 425 4th St NE

Date
Details
Price
Change
Source
10/17/2025
Sold
$3,400,000
-4.23%
MLS
6/02/2025
Price Reduced
$3,550,000
-4.05%
MLS
5/13/2025
Listed
$3,700,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Brendan Greenheck | Northmarq Multifamily, LLC | (952) 356-0100
Sold by Non Member ZDefault | ZNonMember-Office-MLS

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425 4th Street NE, Puyallup, WA 98372 (MLS# 2384784) is a Multi-Family property that was sold at $3,400,000 on October 17, 2025. Want to learn more about 425 4th Street 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.