1204-1218 7th Ave SE

Puyallup, WA 98372

$2,340,000
Last Sold Price
Beds
Baths
7,080 Sq. Ft.
$331 / Sq. Ft.
7,080
Sq. Ft.
$331
per Sq. Ft.

Description

Built in 1970, the Puyallup Flats is a duplex style, fully renovated, prime investment opportunity in the Downtown Puyallup submarket of Washington. All units are fully remodeled 2/1 layouts with in-unit full size Washer Dryer and attached garage. Each duplex is on its own tax parcel and situated on a 32,330 SF lot, the Puyallup Flats offers 8 two-bedroom units each measuring approximately 885 SF, totaling a NRSF of 7,080. The interiors have undergone recent renovations, featuring new kitchen cabinets,...Built in 1970, the Puyallup Flats is a duplex style, fully renovated, prime investment opportunity in the Downtown Puyallup submarket of Washington. All units are fully remodeled 2/1 layouts with in-unit full size Washer Dryer and attached garage. Each duplex is on its own tax parcel and situated on a 32,330 SF lot, the Puyallup Flats offers 8 two-bedroom units each measuring approximately 885 SF, totaling a NRSF of 7,080. The interiors have undergone recent renovations, featuring new kitchen cabinets, quartz CT, stainless-steel appliances, W/D in a dedicated laundry room, upgraded flooring, etc. The Puyallup Flats are situated in an area characterized by a stable vacancy rate that is lower than the submarket’s pre-pandemic average.
  1. Listed by Steve Fischer • Northmarq Commercial, LLC
  2. Listed by Brendan Greenheck • Northmarq Commercial, LLC

Property Details for 1204-1218 7th Avenue Southeast

Community Name
Puyallup
School District
Puyallup
Number of Assigned Spaces
12
Total Covered Parking
8
Entry Date
10-19-2023
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 09/05/2024 05:47 AM

Property Details for 1204-1218 7th Avenue Southeast

StatusSold
MLS #2173435
Days on Market11
Cumulative Days on Market11
Taxes$17,827 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1970
Lot Size0.74 AC / 32,330 SF
CountyPierce County

Location

Listing Courtesy of Northmarq Commercial, LLC

Sold By Northmarq Commercial, LLC

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Building Information for 1204-1218 7th Avenue Southeast

Stories1Residences9Year Built1970Building Size-Lot Size0.74 AC / 32,330 SF

Payment Calculator

$13,746 per month

30 year fixed, 6.845% Interest

Principal and Interest

$12,260

Property Taxes

$1,486

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1204-1218 7th Avenue Southeast

Summary
Location and General Information
  • Style: 52 - Duplex
  • Site Features: Fenced-Fully, Patio
  • Area: 83 - Puyallup
  • Effective Year Built Source: Public Records
  • Directions: From Meridian, head to 7th Ave SE, turn east and just after 12th Ave SE, duplexes on right side of street. From East Pioneer, turn south on 13th St SE, turn right onto 7th Ave SE, duplexes on left.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2023
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 4.0
  • Open Parking: Yes
Virtual Tour
Interior and Exterior Features
Interior Features
  • Floor Covering: Laminate, Carpet
  • Features: Laminate, Wall to Wall Carpet
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Baseboard
Exterior Features
  • Exterior: Wood
  • Roof: Composition
  • Security Features: PartiallyFenced
Property
Utilities
  • Water/Sewer/Garbage: 7825
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: County
  • Zoning Class: Multi-Family
  • Possible Use: Multi-Family
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 2022
  • Photos Count: 19
Lot Information
  • Lot Size Source: County
  • Parcel Number Free Text: 7845001321
  • Calculated Square Footage: 7080
  • Structure Type: Duplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 7080.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 4
  • Number of Stories in Building: 1
  • Vacancy Rate: 5
  • Number Of Units Total: 9
  • Units Below Grade: false
  • Units In Building Total: 8
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 53056
  • Gross Adjusted Income: 214434
  • Gross Rent Multiplier: 10.85
  • Gross Scheduled Income: $225,720
  • Insurance Expense: $3,082
  • Net Operating Income: $161,378
  • Other Expenses: $24,322
  • Total Monthly Income: 18810
  • Fuel Expense: $0
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 7080.0
  • Leasable Area Units: Square Feet

Property History for 1204-1218 7th Avenue Southeast

DateEvent & SourcePriceAppreciation
Dec 28, 2023

Sold

NWMLS #2173435

$2,340,000
Oct 30, 2023

Pending

NWMLS #2173435

Oct 19, 2023

Listed (Active)

NWMLS #2173435

$2,450,000
DateEvent & SourcePrice
12/28/2023

Sold

NWMLS #2173435

$2,340,000
10/30/2023

Pending

NWMLS #2173435

10/19/2023

Listed (Active)

NWMLS #2173435

$2,450,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1204-1218 7th Avenue Southeast

This home is within Puyallup School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 9
Public - 10 to 12
Public - PK to 12
Rating
School
Distance
Spinning Elementary School
PublicK to 6

Kalles Junior High School
Public7 to 9

Puyallup High School
Public10 to 12

Psd Special Services
PublicPK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Northmarq Commercial, LLC

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 07/23/2025 05:03 PM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.