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.
Active
Listed by: The Real Estate Firm • Jennifer Rees
Price cut: $10K (7/16)
$599,000
232 4th Avenue NW, Puyallup, WA 98371
3beds
3baths
1,831sqft
:
Get pre-qualified$3,768/mo
Triplex, Multi Family
Built in 1900
-- sqft lot
$597,100 Zestimate®
$327/sqft
$-- HOA
What's special
Updated interiors
- 88 days |
- 235 |
- 2 |
Zillow last checked:
Listing updated:
Listed by:
Jennifer Rees,
The Real Estate Firm
Source: NWMLS as distributed by MLS GRID,MLS#: 2515748
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: $327/sqft
- Tax assessed value: $478,600
- Annual tax amount: $5,584
- Date on market: 5/11/2026
- Cumulative days on market: 77 days
- Listing terms: Conventional
Estimated market value
$597,100
$567,000 - $627,000
$1,836/mo
Price history
| Date | Event | Price |
|---|---|---|
| 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 |
|---|---|---|
| 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 |
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: Downtown
Nearby schools
GreatSchools rating
- 4/10Stewart Elementary SchoolGrades: PK-6Distance: 0.4 mi
- 7/10Kalles Junior High SchoolGrades: 7-9Distance: 0.6 mi
- 7/10Puyallup High SchoolGrades: 10-12Distance: 0.3 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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