Presented by: Real Broker LLC and NWMLS
Property Description
Excellent opportunity to own a well-located, single-level 4-plex in the desirable South Hill/Puyallup area. The property has two 2bd/1ba units and two 1bd/1ba units, offering an easy rental mix. A central coin-operated laundry room includes dedicated storage units for added tenant convenience for more income and convenience for the tenants. The roof was replaced seven years ago, and all units feature updated vinyl thermal-pane windows. The 2bd units have been improved with durable LVP flooring and full interior repainting. Tenants are responsible for electricity, owner covers water, garbage, and laundry room power. Convenient access to shopping, dining, public transportation, schools, and nearby parks.
Interior Features
Bedrooms
Bedrooms Possible6
Bedrooms Upper0
Bathrooms
Baths Full Upper0
Baths Half Upper0
Baths Three Quarter Upper0
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringLaminate, Vinyl Plank
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces0
Total Stories1
General
AmenitiesCoin Op Laundry
Building Area Units0 sqft
Cap Rate6.49
Carport Spaces0
Carport Y/NNo
CityPuyallup
CoolingNone
CountyPierce
DirectionsFrom Meridian and 128th St E go East on 128th St E to 111th Ave E, turn North (left) on 111th to 124 St E, East on 124th (Right) to Fourplex. The fourplex is directly behind the fourplex on 111th.
Electric Expense0
Elementary SchoolBuyer To Verify
Fuel Expense0
HOANo
HOA Fee$0
HeatingBaseboard
High SchoolBuyer To Verify
High School DistrictPuyallup
Insurance Expense2040
Leasable Area2,670 sqft
Listing TermsCash, Conventional, FHA
Living Area0 sqft
Lot Size Square Feet16,555 sqft
Lot Size UnitsSquare Feet
MLS Area86 - Puyallup
Middle/Junior High SchoolBuyer To Verify
NWM_ShowMapLinkY
Net Operating Income53859
New ConstructionNo
Number Of Units Total4
Open Parking Spaces8
PossessionClosing, Subject to Tenant Rights
Possible UseMulti-Family
Property Style54 - 4-Plex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksExcellent opportunity to own a well-located, single-level 4-plex in the desirable South Hill/Puyallup area. The property has two 2bd/1ba units and two 1bd/1ba units, offering an easy rental mix. A cen
RoofComposition
Senior Community Y/NNo
SewerSeptic Tank
Special Listing ConditionsNone
Standard StatusPending
StatusPending Inspection
Structure TypeQuadruplex
Subdivision NameSouth Hill
Tax Annual Amount$8,218
Tax Year2025
Units Below Gradefalse
Units In Building Total4
ViewTerritorial
Water CompanyTacoma Public Utilities
Water Sewer Garbage3492
Year Built1974
Zoning DescriptionMulti-Family
Exterior
Building Area Total2,880 sqft
Covered Spaces0
Exterior AmenitiesBrick, Wood
Foundation DetailsSlab
Irrigation Water Rights Y/NNo
Lot FeaturesCul-De-Sac, Dead End Street, Paved
Lot Size Acres0.38
Parking Uncovered Spaces8
Site FeaturesHigh Speed Internet, Patio
Total Parking8
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
Middle School
Buyer To Verify Middle School
High School
Buyer To Verify High School
Elementary School
Buyer To Verify Elementary School