2205 S Meridian, Puyallup, WA 98374
- $710,000
- 2,998
- SqFt
Listing courtesy of Theory Real Estate. Selling Office: Keller Williams Rty Tacoma.
- Sold Price
- $710,000
- List Price
- $699,950
- Status
- SOLD
- MLS#
- 2492046
- Closing Date
- Jun 25, 2026
- Days on Market
- 45
- Style
- 52 - Duplex
- Finished SqFt
- 2,998
- Area Total SqFt
- 2998
- Annual Tax Ammount
- 5415
- Lot Size (sq ft)
- 12,690
- Sewer
- Sewer Connected
Property Description
HOUSE HACKERS & INVESTORS! Incredible opportunity for a duplex + 3rd unit in Puyallup! Great location near freeway access, South Hill Mall, entertainment, restaurants, bus lines, Fair, & more! 2 SPACIOUS 2 bed 1 bath units + 1 Bed 1 Bath 3rd unit! All units recently updated with LVP flooring, paint, & appliances! Big lot perfect for entertaining/hanging & plenty of off street parking for all units! Downstairs unit has an attached garage/workshop! Wood fireplaces in 2 units/dedicated laundry for all 3! Big covered deck upstairs with views! TURNKEY & perfect for your next home & or rental! 3rd unit is vacant & move-in ready w/ 2 tenants in place in the duplex for income day 1! Potential development/condoization for even more opportunity? Buyer to verify!
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Additional Information
- List Date
- 2026-05-11 00:00:00
- Community
- Puyallup
- Net Operating Income
- $39,085
- Gross Adjusted Income
- $48,900
- Gross Scheduled Income
- $48,900
- Total Monthly Income
- $4,197
- Insurance Expenses
- $2,000
- Water/Sewer/Garbage Expenses
- $1,000
- Gross Rent Multiplier
- 14.83
- Total Expenses
- $9,815
- Cap Rate
- 5.39
- Total Number of Units
- 3
- Unit Name
- 2205
- Potential Terms
- Cash, Conventional, FHA, Lease Purchase, See Remarks, VA Loan
- Year Built
- 1961
- Roof
- Composition
- Site Features
- Deck, Fenced-Partially
- Electric Expenses
- 1400
- Energy Source
- Electric, Wood
- School District
- Puyallup
- Total Monthly Income
- $4,197
- Gross Scheduled Income
- $48,900
- Gross Adjusted Income
- $48,900
- Tax Year
- 2025
- Insurance Expense
- $2,000
- W/S/G Expenses
- $1,000
- Total Expenses
- $9,815
- Net Operating Income
- $39,085
- Gross Rent Multiplier
- 14.83
- Cap Rate
- 5.39
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.