We are pleased to present Prestige Townhomes, a well-maintained 1980 vintage asset located in Puyallup, WA. This 12-unit property features spacious, turnkey 2-bedroom, 1.5 bath townhomes with in-unit laundry averaging 940 SF. Each unit is equipped with modern finishes, including vinyl plank flooring, quartz countertops, stainless-steel appliances, and copper plumbing. The property currently achieves an average rent of $2,052 per unit, with the highest rent at $2,300 and two additional units rented at $2,195. With market rents exceeding current levels, there is a clear path to increase average rents by approximately $150/unit, to potentially $248/unit unlocking additional revenue potential for new ownership.
Sold
Listed by: Northmarq Multifamily, LLC • Brendan Greenheck
Bought with: ZNonMember-Office-MLS
$3,400,000
425 4th Street NE, Puyallup, WA 98372
--beds
--baths
--sqft
Multi Family
Built in 1980
-- sqft lot
$-- Zestimate®
$--/sqft
$2,165 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,165/mo
Zestimate® history
Owner options
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$21,073/mo
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$21,073/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Brendan Greenheck,
Northmarq Multifamily, LLC
Bought with:
Non Member ZDefault
ZNonMember-Office-MLS
Source: NWMLS as distributed by MLS GRID,MLS#: 2384784
Facts & features
Interior
Heating
- Forced Air, Electric
Cooling
- None
Features
- Flooring: Vinyl Plank, Carpet
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Parking
- Total spaces: 25
- Parking features: Open
- Uncovered spaces: 25
Lot
- Size: 0.66 Acres
- Features: Fenced-Partially, Patio
Details
- Parcel number: 7600000221
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Products
- Roof: Composition
Condition
- Year built: 1980
Utilities & green energy
- Sewer: Septic Tank
Community & HOA
Community
- Subdivision: Puyallup
Location
- Region: Puyallup
Financial & listing details
- Tax assessed value: $2,659,500
- Annual tax amount: $27,249
- Date on market: 8/24/2025
- Cumulative days on market: 216 days
- Listing terms: Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 6/26/2026 | Listing removed | $2,095 |
Source: Zillow Rentals Report a problem | ||
| 6/21/2026 | Price change | $2,095+5% |
Source: Zillow Rentals Report a problem | ||
| 6/19/2026 | Listed for rent | $1,995 |
Source: Zillow Rentals Report a problem | ||
| 5/15/2026 | Listing removed | $1,995 |
Source: Zillow Rentals Report a problem | ||
| 5/13/2026 | Listed for rent | $1,995 |
Source: Zillow Rentals Report a problem | ||
| 2/9/2026 | Listing removed | $1,995 |
Source: Zillow Rentals Report a problem | ||
| 1/30/2026 | Listed for rent | $1,995 |
Source: Zillow Rentals Report a problem | ||
| 12/27/2025 | Listing removed | $1,995 |
Source: Zillow Rentals Report a problem | ||
| 12/16/2025 | Listed for rent | $1,995+5.3% |
Source: Zillow Rentals Report a problem | ||
| 12/8/2025 | Listing removed | $1,895 |
Source: Zillow Rentals Report a problem | ||
| 11/29/2025 | Listed for rent | $1,895+5.3% |
Source: Zillow Rentals Report a problem | ||
| 11/29/2025 | Listing removed | $1,800 |
Source: Zillow Rentals Report a problem | ||
| 11/12/2025 | Price change | $1,800-5.3% |
Source: Zillow Rentals Report a problem | ||
| 10/31/2025 | Listed for rent | $1,900-13.4% |
Source: Zillow Rentals Report a problem | ||
| 10/17/2025 | Sold | $3,400,000-4.2% |
Source:  NWMLS as distributed by MLS GRID #2384784 Report a problem | ||
| 8/6/2025 | Pending sale | $3,550,000 |
Source: NWMLS as distributed by MLS GRID #2384784 Report a problem | ||
| 6/2/2025 | Price change | $3,550,000-4.1% |
Source: NWMLS as distributed by MLS GRID #2384784 Report a problem | ||
| 5/29/2025 | Listed for sale | $3,700,000+53.6% |
Source: NWMLS as distributed by MLS GRID #2384784 Report a problem | ||
| 11/9/2022 | Listing removed | -- |
Source: Zillow Rental Network Premium_1 Report a problem | ||
| 10/12/2022 | Listed for rent | $2,195+4.5% |
Source: Zillow Rental Network Premium_1 Report a problem | ||
| 8/9/2021 | Listing removed | -- |
Source: Zillow Rental Network Premium_1 Report a problem | ||
| 5/20/2021 | Price change | $2,100+10.5% |
Source: Zillow Rental Network Premium_1 Report a problem | ||
| 4/24/2021 | Listed for rent | $1,900+19.1% |
Source: Zillow Rental Network Premium_1 Report a problem | ||
| 2/13/2021 | Listing removed | -- |
Source: Zillow Rental Network Premium_1 Report a problem | ||
| 1/13/2021 | Price change | $1,595+6.7% |
Source: Zillow Rental Network Premium_1 Report a problem | ||
| 12/7/2020 | Sold | $2,408,800+70.8% |
Source: Public Record Report a problem | ||
| 9/30/2020 | Listed for rent | $1,495 |
Source: Fulcrum Real Estate Report a problem | ||
| 3/31/2016 | Sold | $1,410,000+133.1% |
Source: NWMLS as distributed by MLS GRID #870203 Report a problem | ||
| 11/1/1995 | Sold | $605,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $30,837 +13.2% | $2,659,500 |
| 2023 | $27,249 +3.1% | $2,659,500 |
| 2022 | $26,423 +1% | $2,659,500 +15% |
| 2021 | $26,165 +47.6% | $2,312,500 +33.6% |
| 2019 | $17,725 +2% | $1,731,400 +25% |
| 2018 | $17,382 +7.9% | $1,385,100 +15% |
| 2017 | $16,115 +0.7% | $1,204,400 +21% |
| 2016 | $15,998 | $995,400 -2.6% |
| 2014 | $15,998 -0.1% | $1,022,200 |
| 2013 | $16,008 | $1,022,200 |
| 2012 | -- | $1,022,200 |
| 2011 | -- | $1,022,200 -5.2% |
| 2010 | -- | $1,078,200 -10% |
| 2009 | -- | $1,198,200 +1.6% |
| 2008 | $9,898 | $1,179,200 +24.6% |
| 2007 | $9,898 +3.4% | $946,100 +47.3% |
| 2002 | $9,570 -5.9% | $642,200 |
| 2001 | $10,166 | $642,200 -2.6% |
| 2000 | $10,166 | $659,600 |
Find assessor info on the county website
Neighborhood: 98372
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Nearby schools
GreatSchools rating
- 4/10Stewart Elementary SchoolGrades: PK-6Distance: 0.1 mi
- 7/10Kalles Junior High SchoolGrades: 7-9Distance: 0.5 mi
- 7/10Puyallup High SchoolGrades: 10-12Distance: 0.6 mi
Schools provided by the listing agent
- Elementary: Stewart Elem
- Middle: Kalles Jnr High
- High: Puyallup High
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- Washington
- Pierce County
- Puyallup
- 98372
- 425 4th Street NE
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Nearby zip codes
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