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Listing provided courtesy of The Real Estate FirmNWMLSas Distributed by MLSGrid- MLS# NWM2515748MLS Provider

232 4th Avenue NWPuyallup, WA 98371

Multi-Family · 3 Beds · 1,831 Sq. ft. | 0.17 Acres
$609,000 Active

232 4th Avenue NW Overview

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Prime Downtown Puyallup investment opportunity! This fully renovated (2016) triplex at 232 4th Ave NW offers high rental demand near the Sound Transit station with just over 1,800 sq ft, boasting updated interiors while retaining classic charm in a walkable, top-tier location. The lot is zoned CBD (buyer to verify). There are two units downstairs and one upstairs. 100% new electrical and plumbing done in 2017.

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232 4th Avenue NW Facts & Features

  • Type Multi-Family
  • Sq. ft. 1,831
  • Price/Sq.ft. $333
  • Lot 0.17 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: Puyallup

Income/Expenses

  • Other Expense: 600
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Scheduled Income: 46200
  • Insurance Expense: 2026
  • Net Operating Income: 34652
  • Total Expenses: 11548
  • Total Monthly Income: 3850
  • Water/Sewer/Garbage: 3338

Building Information

  • New Construction: No
  • Year Built: 1900

Location/Region

  • Country: US
  • County Or Parish: Pierce
  • MLS Area Major: 83 - Puyallup
  • Subdivision Name: Downtown

Tax Information

  • Tax Annual Amount: $5,584.00
  • Tax Year: 2025

General Information

  • Listing Terms: Cash, Conventional, Owner Will Carry
  • Parcel Number: 7940600040
  • Possible Use: Business
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Parking Information

  • Garage Spaces: 0

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 1831
  • Building Area Units: Square Feet
  • Calculated Square Footage: 1831
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Laminate
  • Foundation Details: Pillar/Post/Pier
  • Heating: Yes
  • Leasable Area: 1831
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric
  • Stories Total: 2

Exterior

Parking Information

  • Open Parking: No
  • Parking Total: 0
  • Parking Uncovered Total: 0

Lot Information

  • Irrigation Water Rights: No
  • Lot Size Acres: 0.1653
  • Lot Size Square Feet: 7200
  • Lot Size Units: Square Feet
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

  • View: No
  • Waterfront: No

Building Exterior/Construction

  • Construction Methods: Standard Frame
  • Roof: Composition
  • Structure Type: Triplex

General Information

  • Carport Spaces: 0
  • Carport: No
  • Covered Spaces: 0
  • Exterior Features: Wood
  • Number Of Units Total: 3
  • Sewer: Sewer Connected

Unit Information

Unit 1 Details

  • Actual Rent: 1200
  • Beds Total: 1
  • Baths Total: 1

Unit 3 Details

  • Actual Rent: 1300
  • Beds Total: 2
  • Baths Total: 1

Unit 2 Details

  • Actual Rent: 1350
  • Beds Total: 0
  • Baths Total: 1

232 4th Avenue NW Neighborhood

Community

98371 (Edgewood) Demographics

40
Median Age
1,876
Population Density (per sq. mile)
38%
College Educated
$81,699
Estimated Median Income
5,957
Estimated Total Home Owners
2,497
Estimated Total Renters
70% / 30%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

232 4th Avenue NW Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

232 4th Avenue NW Market Data

Based on the last 30 days in this zip code

$687,225
Average List Price
$301
Average Price per Square Foot
30
Properties Sold
72
Average Days on Market
168
Properties for Sale
Calculations provided by Reliance Network

232 4th Avenue NW History

Date Event Value Agent
5/18/2026Source: NWMLS Status Change
Active
5/6/2026Source: NWMLS Status Change
Pending Inspection
4/29/2026Source: NWMLS Added to Database
April 29, 2026