408 2nd Street NW Puyallup, WA 98371
Listing Courtesy of: MLS LogoNorthwest MLS as distributed by MLS GRID / Listed By: Tyler Freed, Windermere Real Estate Psk, Inc.

  408 2nd Street NW Puyallup, WA 98371

Active (1 Days)
$1,250,000 (USD)

Description

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.

MLS #:
2574077
Taxes
$8,924(2026)
Lot Size
0.33 acres
Type
Multifamily
Building Name
Stewarts J P 7th Add
Year Built
1976
Style
5-9 Units
Views
Territorial
School District
Puyallup
County
Pierce County
Community
Puyallup

Listed By

Tyler Freed, Windermere Real Estate Psk, Inc.
Source
Northwest MLS as distributed by MLS Grid
Last checked Sep 9 2026 at 4:01 PM PDT
Bathroom Details
Subdivision
  • Puyallup
Lot Information
  • Curbs
  • Sidewalk
  • Paved
Property Features
  • Fireplace: 0
  • Foundation: Poured Concrete
Heating and Cooling
  • Wall Furnace
Flooring
  • Vinyl
  • Carpet
Exterior Features
  • Wood Products
  • Cement/Concrete
  • Roof: Composition
Utility Information
  • Sewer: Sewer Connected
  • Fuel: Electric
  • Energy: Green Efficiency: Thermal Windows
School Information
  • Elementary School: Stewart Elem
  • Middle School: Kalles Jnr High
  • High School: Puyallup High
Additional Listing Info
  • Buyer Brokerage Compensation: 2.5
Buyer's Brokerage Compensation not binding unless confirmed by separate agreement among applicable parties.
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Estimated Monthly Mortgage Payment

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Listing price
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Disclaimer: IDX information is provided exclusively for consumers' personal, noncommercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS, if any, and as amended from time to time.
Based on information submitted to the MLS GRID as of 9/9/2026 09:01. 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.