Rockhood
$1,250,000List price
Pending

408 2nd Street NW · Puyallup, WA 98371

Source: NWMLS · Windermere Real Estate/PSK Inc · Tyler Freed #NWM2574077

About this home

Turnkey 5-unit investment opportunity in the heart of Downtown Puyallup! Extensively updated and exceptionally maintained, this property features five spacious 2-bedroom, 1-bath residences of approximately 775 square feet each, with beautifully remodeled interiors designed for lasting tenant appeal. Major improvements include a new roof in 2025, replaced electrical breaker panels throughout and upgraded triple-pane vinyl windows. Strong in-place rents provide immediate income, while the on-site coin-operated laundry offers an additional revenue stream. Situated on a generous 14,400 square foot corner lot with eight covered carport spaces plus three additional parking spaces. An outstanding location just blocks from the Puyallup Sounder Station and moments from downtown dining, shopping and amenities. A rare opportunity to acquire a renovated, income-producing 5-plex with significant capital improvements already completed in one of Puyallup’s most convenient locations.

Location

Basics

Property type
Multi Family
Style
5-9 Units
Stories
5 stories
Year built
1976 (renovated 1988)
Building area
3,986 sq ft
Lot size
14,400 sq ft (0.33 acres)
County
Pierce
MLS #
NWM2574077

Interior

Heating
Wall Furnace
Cooling
None
Flooring
Vinyl, Carpet

Exterior & lot

Exterior features
Cement/Concrete, Wood Products
Roof
Composition
Foundation
Poured Concrete
Lot features
Curbs, Paved, Sidewalk
View
Territorial
Waterfront
No

Parking

Parking spaces
19
Covered spaces
8

Utilities

Water
Public
Sewer
Sewer Connected
Power
Electric

Community & fees

Subdivision
Puyallup
Property tax
$8,924 (2026)

Transaction

Listed on
Sep 9, 2026
Days on market
8
Listing terms
Cash, Conventional
Possession
Closing, Subject To Tenant Rights

More homes nearby

Sale history

Earlier listings of this home on the MLS.

2017-09-08
Sold$660,000
2000-11-21
Sold$247,250

Schools

School district: Puyallup

Elementary
Stewart Elem
Middle
Kalles Jnr High
High
Puyallup High School
SchoolDigger 4 stars · Top 24% in WA

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Listing provided courtesy of: Windermere Real Estate/PSK Inc

Listing agent: Tyler Freed.

Based on information submitted to the MLS GRID as of . 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. IDX information provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Data last updated 2026-09-18.