Active

Listed by: The Real Estate Firm • Jennifer Rees

Price cut: $24K (8/24)

$575,000

232 4th Avenue NW, Puyallup, WA 98371

3beds

3baths

1,831sqft

$3,657/mo

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Triplex, Multi Family

Built in 1900

-- sqft lot

$574,400 Zestimate^®

$314/sqft

$-- HOA

What's special

Updated interiors

Prime Downtown Puyallup investment opportunity! This fully renovated (2016) triplex at 232 4th Ave NW offers high rental demand near the Sound Transit station with just over 1,800 sq ft, boasting updated interiors while retaining classic charm in a walkable, top-tier location. The lot is zoned CBD (buyer to verify). There are two units downstairs and one upstairs. 100% new electrical and plumbing done in 2017.

133 days
338
12

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 3

Heating

Baseboard, Electric

Cooling

None

Features

Flooring: Laminate
Has fireplace: No

Interior area

Total structure area: 1,831
Total interior livable area: 1,831 sqft

Property

Lot

Size: 7,200 Square Feet

Details

Parcel number: 7940600040
Zoning description: Business,Jurisdiction: City
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Tri-plex
Property subtype: Triplex, Multi Family

Materials

Wood Siding
Roof: Composition

Condition

Updated/Remodeled
Year built: 1900
Major remodel year: 1987

Utilities & green energy

Electric: Company: PSE
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: $314/sqft
Tax assessed value: $492,300
Annual tax amount: $5,584
Date on market: 5/10/2026
Cumulative days on market: 122 days
Listing terms: Conventional

Estimated market value

$574,400

$546,000 - $603,000

$2,246/mo

Price history

Date	Event	Price
8/24/2026	Price change	$575,000-4%$314/sqft
Source: NWMLS as distributed by MLS GRID #2515748 Report a problem
7/16/2026	Price change	$599,000-1.6%$327/sqft
Source: NWMLS as distributed by MLS GRID #2515748 Report a problem
5/18/2026	Listed for sale	$609,000$333/sqft
Source: NWMLS as distributed by MLS GRID #2515748 Report a problem
5/7/2026	Pending sale	$609,000$333/sqft
Source: NWMLS as distributed by MLS GRID #2515748 Report a problem
4/30/2026	Listed for sale	$609,000+576.7%$333/sqft
Source: NWMLS as distributed by MLS GRID #2515748 Report a problem
4/27/2015	Sold	$90,000-55.8%$49/sqft
Source: NWMLS as distributed by MLS GRID #728677 Report a problem
12/26/2014	Sold	$203,748+56.7%$111/sqft
Source: Public Record Report a problem
12/1/2011	Listing removed	$130,000$71/sqft
Source: Keller Williams Realty #281740 Report a problem
11/25/2011	Price change	$130,000-7.1%$71/sqft
Source: Keller Williams Realty #281740 Report a problem
11/13/2011	Price change	$140,000-6.7%$76/sqft
Source: Keller Williams Realty #281740 Report a problem
10/30/2011	Price change	$150,000-6.3%$82/sqft
Source: Keller Williams Realty #281740 Report a problem
10/7/2011	Listed for sale	$160,000+6.7%$87/sqft
Source: Keller Williams Realty #281740 Report a problem
7/28/2005	Sold	$150,000$82/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$5,613 +0.7%	$492,300 +2.9%
2024	$5,576 +20.4%	$478,600 +7.3%
2023	$4,632 +4.2%	$445,900 +1%
2022	$4,445 +3.5%	$441,500 +18%
2021	$4,297 +23.5%	$374,300 +29.2%
2019	$3,480 -2.1%	$289,600 +6%
2018	$3,554 +53.5%	$273,100 +10%
2017	$2,315 -5.1%	$248,300 +50.2%
2016	$2,440	$165,300 +8.5%
2014	$2,440 +19.8%	$152,400 +11.6%
2013	$2,037	$136,500 +9.6%
2012	--	$124,500 -18%
2011	--	$151,900 -6.9%
2010	--	$163,200 -14.4%
2009	--	$190,600 -3%
2008	$2,123 +0%	$196,400 -3%
2007	$2,123 +34.5%	$202,400 +87.1%
2002	$1,578 +0.4%	$108,200 +2.3%
2001	$1,572	$105,800 +3.8%
2000	$1,572	$101,900