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
Active
Listed by: Lumin Brokers of Washington • Rich Kim
Price cut: $25K (5/6)
$4,549,900
219 5th Avenue NE, Puyallup, WA 98372
42beds
21baths
18,594sqft
Multi Family
Built in 1963
-- sqft lot
$-- Zestimate®
$245/sqft
$-- HOA
What's special
- 379 days |
- 195 |
- 7 |
Zillow last checked:
Listing updated:
Listed by:
Rich Kim,
Lumin Brokers of Washington
Source: NWMLS as distributed by MLS GRID,MLS#: 2403003
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 42
- Bathrooms: 21
Heating
- Baseboard, Electric
Cooling
- None
Features
- Flooring: Laminate, Carpet
- Has fireplace: No
Interior area
- Total structure area: 18,594
- Total interior livable area: 18,594 sqft
Video & virtual tour
Property
Parking
- Total spaces: 20
- Parking features: Open
- Uncovered spaces: 20
Features
- Has view: Yes
- View description: Territorial
Lot
- Size: 0.54 Acres
- Features: Corner Lot, Curbs, Paved, Sidewalk, Cable TV, Fenced-Partially
Details
- Parcel number: 7600200041
- Zoning description: Multi-Family,Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: 10+ Units
- Property subtype: Multi Family
Materials
- Wood Products
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Good
- Year built: 1963
- Major remodel year: 1988
Utilities & green energy
- Electric: Company: Puget Sound Energy
- Sewer: Sewer Connected, Company: City of Puyallup
- Water: Public, Company: City of Puyallup
Community & HOA
Community
- Subdivision: Downtown
Location
- Region: Puyallup
Financial & listing details
- Price per square foot: $245/sqft
- Tax assessed value: $3,295,500
- Annual tax amount: $40,279
- Date on market: 7/8/2025
- Cumulative days on market: 380 days
- Listing terms: Conventional
Estimated market value
Not available
Estimated sales range
Not available
$1,837/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/6/2026 | Price change | $4,549,900-0.5%$245/sqft |
Source:  NWMLS as distributed by MLS GRID #2403003 Report a problem | ||
| 8/5/2025 | Price change | $4,574,900-0.5%$246/sqft |
Source: NWMLS as distributed by MLS GRID #2403003 Report a problem | ||
| 7/8/2025 | Listed for sale | $4,599,900+19.5%$247/sqft |
Source: NWMLS as distributed by MLS GRID #2403003 Report a problem | ||
| 5/30/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 4/2/2024 | Listed for rent | $2,100 |
Source: Zillow Rentals Report a problem | ||
| 3/26/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 3/14/2024 | Listed for rent | $2,100+42.4% |
Source: Zillow Rentals Report a problem | ||
| 1/20/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 12/16/2023 | Listed for rent | $1,475+13.9% |
Source: Zillow Rentals Report a problem | ||
| 10/31/2023 | Sold | $3,850,000+148.4%$207/sqft |
Source: Public Record Report a problem | ||
| 3/11/2021 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 3/2/2021 | Listed for rent | $1,295 |
Source: Zillow Rental Manager Report a problem | ||
| 2/13/2021 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 2/6/2021 | Price change | $1,295+8.4% |
Source: Zillow Rental Manager Report a problem | ||
| 1/23/2021 | Listed for rent | $1,195 |
Source: Zillow Rental Manager Report a problem | ||
| 5/15/2006 | Sold | $1,550,000$83/sqft |
Source: NWMLS as distributed by MLS GRID #26021498 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $40,279 +17.6% | $3,295,500 +5% |
| 2023 | $34,259 +4% | $3,138,600 |
| 2022 | $32,941 -0.7% | $3,138,600 +12% |
| 2021 | $33,161 +38.5% | $2,802,300 +25.6% |
| 2019 | $23,947 +2.2% | $2,231,500 +25% |
| 2018 | $23,428 +12.3% | $1,785,200 +15% |
| 2017 | $20,863 -5.2% | $1,552,400 +24.2% |
| 2016 | $22,001 | $1,249,900 -9.7% |
| 2014 | $22,001 +4.3% | $1,383,600 |
| 2013 | $21,104 | $1,383,600 +4.7% |
| 2012 | -- | $1,322,000 |
| 2011 | -- | $1,322,000 -4.8% |
| 2010 | -- | $1,388,300 -10.5% |
| 2009 | -- | $1,551,600 +1.4% |
| 2008 | $10,298 | $1,529,600 +55.4% |
| 2007 | $10,298 +19.1% | $984,300 +81% |
| 2002 | $8,649 +3.8% | $543,700 -6.3% |
| 2001 | $8,335 | $580,400 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 98372
Nearby schools
GreatSchools rating
- 4/10Stewart Elementary SchoolGrades: PK-6Distance: 0.2 mi
- 7/10Kalles Junior High SchoolGrades: 7-9Distance: 0.6 mi
- 7/10Puyallup High SchoolGrades: 10-12Distance: 0.6 mi
- $585,0003 bd2 ba1.9k sqft424 3rd St NE, Puyallup, WA 98372Sold
- $460,0003 bd2 ba1.3k sqft417 2nd St NE, Puyallup, WA 98372Sold
- $555,0004 bd3 ba1.8k sqft515 4th St NE, Puyallup, WA 98372Sold
- $515,0004 bd1 ba2.8k sqft413 2nd St NE, Puyallup, WA 98372Sold
- $570,0004 bd2 ba2.6k sqft409 5th Ave NE, Puyallup, WA 98372Sold
- $389,0002 bd1 ba864 sqft414 4th St NE, Puyallup, WA 98372Sold
- $398,0003 bd1 ba1.4k sqft406 4th St NE, Puyallup, WA 98372Sold
- $475,0003 bd1 ba1.7k sqft706 4th St NE, Puyallup, WA 98372Sold
A local agent can set up tours, give advice and negotiate with sellers.
