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 SchoolSchoolDigger 4 stars · Top 24% in WA

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.