Rare investment opportunity in Puyallup's desirable South Hill. This well-maintained duplex with long term tenants has never been vacant during the sellers ownership. It offers stable income today with a clear path to increased returns. Both units include large fully fenced yards with decks, attached 1-car garages and additional driveway… Read More parking. The property has enjoyed exceptional occupancy with long-term tenants. Current rents are slightly below market, providing a value-add opportunity for the next owner. Existing leases are month to month, allowing a defined timeline for potential rent increases and improved cash flow for new owner or owner occupancy with proper notice. New countertops are currently being installed throughout both units and are not reflected in the current photos. Tenants enjoy a single-family-home feel with the large fenced backyards, contributing to strong retention and consistent rental demand. Conveniently located near SR-512, shopping, dining, parks and schools. As an added investment opportunity, the purchaser of this duplex will be given the first rights to purchase the seller's adjacent duplex, creating the potential to expand ownership to four units in one prime location. Whether you're completing a 1031 exchange, expanding an existing portfolio, or just entering the multifamily market, this property offers great stability, future income and equity growth potential and a unique opportunity with a proven and reliable rental property. Read Less
Listing courtesy of Northwest Premier Brokers
Listing Snapshot
Cumulative Days On Market
8
Days on Website
8
Last Updated
Property Type
Duplex
Square Ft.
1,750
Lot Size
0.31 Acres
Year Built
1992
Property Tax
$5,821
MLS Number
2539983
30 Days Snapshot Of 98373
$548k
-6%
(avg) sold price
24
-27%
homes sold
60
-21%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Building Area Total: 1750, Building Area Units: Square Feet, Calculated Square Footage: 1750, Elevation Units: Feet, Leasable Area: 1750, Living Area: 0, Number Of Units Total: 2, Stories Total: 1, Structure Type: "Duplex", Units In Building Total: 2, Year Built: 1992, Year Built Effective: 2000
Property Condition: "Good", Site Features: Fenced-Fully, Outbuildings
Roof
Roof: "Composition"
Sewer
Sewer: "Septic Tank", Sewer Company: City of Puyallup
Utilities
Electric Expense: 0, Fuel Expense: 0, Power Company: PSE, Power Production Type: "Natural Gas", Water Company: Fruitland Mutual, Water Source: "Public"
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. Listings last updated on ,
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