For Sale272d on market
219 5th Avenue NE
Puyallup, WA, 98372 • 98372 • Pierce County
$4,574,900
$246/sqft
-$25,000 since Aug 5, 2025
42Beds
21Baths
18,594Sqft
0.54 acLot
1963Built
Property DNA
Territorial Views
Territorial
10+ Units Style
Built 1963 · 63 years of history
Downtown
98372
This home is getting attention
Listed 272 days ago · 390 views · 8 saves
Market activity
Demand and pricing signals for this listing
390 views
People checking out this listing
8 saves
Buyers have saved this home
272 days on market
Established listing
$246/sqft
Price per square foot
About this home
Multi Family · Built 1963
Garden Square Apartments is a renovated multi-family building ideally located in the heart of Puyallup, WA comprised of two 1BD/1BA, eighteen 2BD/1BA, and one 4BD/1.5BA units. With a Walk Score of 87 out of 100 it has excellent proximity to shopping, entertainment districts and restaurants. This community is an attractive destination for vacations, business trips and urban professionals making it a unique opportunity for short-and long-term rentals alike. This investment offers a unique opportunity to add value without any updates to the building or units. The rents are significantly below market and can be increased by an average of 14% to meet current market rents. Current Cap Rate of 6.00% would be raised to 7.24%! DO NOT DISTURB TENANTS
Estimated monthly payment
Based on current rates
$28,487/month
Principal & Interest$22,387
Property Tax$4,575
Insurance$1,525
Down payment20% ($914,980)
3%50%
Est. 6.19% rate · 30yr fixed · $3,659,920 loan
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At a glance
Key facts and listing details
TypeMulti Family
Year Built1963
HeatingBaseboard, Electric
CoolingNone
Parking20 Open Parking spaces
Days on Zillow272 Days
Price/sqft$246
Property
Home typeMulti Family
Sub-typeMulti Family
Style10+ Units
ConditionGood
Year built1963
Systems
HeatingBaseboard, Electric
CoolingNone
RoofComposition
ConstructionWood Products
Water / SewerPublic, Company: City of Puyallup / Sewer Connected, Company: City of Puyallup
Parking & Outdoor
ParkingOpen
Lot0.54 Acres
Location & Tax
Neighborhood98372
Annual tax$40,279
Parcel7600200041
Features & details
7 categories of property features
Interior Features
Flooring
Laminate
Carpet
Heating
Baseboard
Electric
Cooling
None
Exterior Features
Parking
Open
Construction
Wood Products
Lot Features
Corner Lot
Curbs
Paved
Sidewalk
Cable TV
Fenced-Partially
Views
Territorial
Listing insights
Market data and value estimates
StatusFor Sale
Days on market272
Est. rent$2,099/mo
Tax rate0.88%
Price/sqft$246
On marketJul 7, 2025
PostedJul 8, 2025
Last sold$3,850,000
MLS statusActive
MLS updatedDec 4, 2025
Tour days9
Views390
Favorites8
How are the schools in Puyallup?
3 schools rated nearby
Location
Puyallup, WA, 98372
Price history
15 events
DateEventPrice$/sqftSource
Aug 5, 2025Price Change$4,574,900$246NWMLS as distributed by MLS GRID
Jul 8, 2025Listed For Sale$4,599,900$247NWMLS as distributed by MLS GRID
May 30, 2024Listing Removed——Zillow Rentals
Apr 2, 2024Listed For Rent$2,100—Zillow Rentals
Mar 26, 2024Listing Removed——Zillow Rentals
Mar 14, 2024Listed For Rent$2,100—Zillow Rentals
Jan 20, 2024Listing Removed——Zillow Rentals
Dec 16, 2023Listed For Rent$1,475—Zillow Rentals
Oct 31, 2023Sold$3,850,000$207Public Record
Mar 11, 2021Listing Removed——Zillow Rental Manager
Mar 2, 2021Listed For Rent$1,295—Zillow Rental Manager
Feb 13, 2021Listing Removed——Zillow Rental Manager
Feb 6, 2021Price Change$1,295—Zillow Rental Manager
Jan 23, 2021Listed For Rent$1,195—Zillow Rental Manager
May 15, 2006Sold$1,550,000$83NWMLS as distributed by MLS GRID
Price Change$4,574,900
Aug 5, 2025•$246/sqft•NWMLS as distributed by MLS GRID
Listed For Sale$4,599,900
Jul 8, 2025•$247/sqft•NWMLS as distributed by MLS GRID
Listing Removed—
May 30, 2024•Zillow Rentals
Listed For Rent$2,100
Apr 2, 20240•Zillow Rentals
Listing Removed—
Mar 26, 2024•Zillow Rentals
Listed For Rent$2,100
Mar 14, 20240•Zillow Rentals
Listing Removed—
Jan 20, 2024•Zillow Rentals
Listed For Rent$1,475
Dec 16, 20230•Zillow Rentals
Sold$3,850,000
Oct 31, 2023•$207/sqft•Public Record
Listing Removed—
Mar 11, 2021•Zillow Rental Manager
Listed For Rent$1,295
Mar 2, 20210•Zillow Rental Manager
Listing Removed—
Feb 13, 2021•Zillow Rental Manager
Price Change$1,295
Feb 6, 20210•Zillow Rental Manager
Listed For Rent$1,195
Jan 23, 20210•Zillow Rental Manager
Sold$1,550,000
May 15, 2006•$83/sqft•NWMLS as distributed by MLS GRID
Tax history
18 years of records
YearTax paidAssessed value
Apr 7, 2024$40,279$3,295,500
Apr 7, 2023$34,259$3,138,600
Apr 7, 2022$32,941$3,138,600
Apr 7, 2021$33,161$2,802,300
Apr 7, 2019$23,947$2,231,500
Apr 7, 2018$23,428$1,785,200
Apr 7, 2017$20,863$1,552,400
Apr 7, 2016$22,001$1,249,900
Apr 7, 2014$22,001$1,383,600
Apr 7, 2013$21,104$1,383,600
Apr 7, 2012—$1,322,000
Apr 7, 2011—$1,322,000
Apr 7, 2010—$1,388,300
Apr 7, 2009—$1,551,600
Apr 7, 2008$10,298$1,529,600
Apr 7, 2007$10,298$984,300
Apr 7, 2002$8,649$543,700
Apr 7, 2001$8,335$580,400
Nearby homes
Neighborhood details
Local context around this listing
Puyallup, WA • Pierce County
Nearby neighborhoods
DowntownSouthhill
Nearby cities
Bonney LakeEnumclawGig HarborGrahamLakewoodParklandPuyallupSpanaway
Nearby zip codes
9837198372983739837498375
Based on information submitted to the MLS GRID as of 2026-04-07 12:33:48 PDT. 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. [Click here for more information](/mls-disclaimers/#39)
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