MLS #2539983 / Listing provided by NWMLS & Northwest Premier Brokers.
$649,950
916 40th Avenue SW
Puyallup,
WA
98373
Sq Ft
Per Sq Ft
Year Built
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 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 have less than six months remaining, allowing a defined timeline for potential rent increases and improved cash flow to the already existing solid amount. 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.
Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.
Bedrooms
- Upper Level Bedrooms: 0
- Possible Bedrooms: 4
Fireplaces
- Total Fireplaces: 0
Heating & Cooling
- Heating: Yes
- Cooling: No
Parking
- Garage Spaces: 2
- Parking Total: 6
- Total Uncovered Parking Spaces: 4
Structure
- Roof: Composition
- Exterior Features: Wood Products
- Foundation: Poured Concrete
Lot Details
- Lot Features: Corner Lot
- Acres: 0.3113
- Foundation: Poured Concrete
Schools
- High School District: Puyallup
- High School: Gov John Rogers Hs
- Middle School: Ballou Jnr High
- Elementary School: Edward Zeiger Elem
Lot Details
- Lot Features: Corner Lot
- Acres: 0.3113
- Foundation: Poured Concrete
Power
- Energy Source: Natural Gas
- Power Company: PSE
Water, Sewer, and Garbage
- Sewer Company: City of Puyallup
- Sewer: Septic Tank
- Water Company: Fruitland Mutual
- Water Source: Public
- Water, Sewer, and Garbage: 2384.94
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