Listed by Rich Kim, Lumin Brokers of Washington
- 18,594
- Square feet
- $245
- Per sq ft
- Multi Family
- Type
- 1963
- Year built
- 23,319 sq ft
- Lot
- 370
- Days on market
About this property
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 6.03% would be raised to 7.28%! DO NOT DISTURB TENANTS
Location & commute
Add a destination (work, gym, school) for directions and drive time.
Property details
Listing details
- Listing number
- #2403003
- Listed
- July 8, 2025
- Days on market
- 370
- Price per sq ft
- $245
- Original list price
- $4,599,900
Unit & building
- Stories in building
- 2
- Units in building
- 21
Views
- View
- Territorial
Construction
- Year built
- 1963
- Style
- 56 - 10+ Units
- Structure
- Multi Family
- Roof
- Composition
Heating & cooling
- Heating
- Baseboard
- Cooling
- None
- Energy source
- Electric
Flooring
- Flooring
- LaminateCarpet
Lot
- Lot features
- Corner LotCurbsPavedSidewalk
- Lot size
- 23,319 sq ft
Terms
- Terms offered
- CashConventional
Utilities
- Water
- City of Puyallup
- Sewer
- City of Puyallup
- Power
- Puget Sound Energy
Schools
- District
- Puyallup
What stands out to you?
Mark features you love or could do without. Saved on this device to tune what you see.
- Territorial
- Multi Family
- Composition
- Baseboard
- None
- Electric
- Laminate
- Carpet
- Corner Lot
- Curbs
- Paved
- Sidewalk
Listing history
Listed
$4,599,900
July 8, 2025
Current price
$4,549,900
Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.
Payment estimate
An estimate to help you plan, not a loan offer or financial advice.
Est. monthly
$26,495
- Principal & interest
- $23,007
- Property tax (est.)
- $3,488
Assumes $909,980 down (20%), a $3,639,920 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.
Similar nearby listings
Based on information submitted to the MLS GRID as of July 13, 2026 at 11:01 PM 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.