11214 126th Avenue Ct E, Puyallup, WA 98374
- $1,085,000
- 4,072
- SqFt
Listing courtesy of Redfin. Selling Office: Skyline Properties, Inc..
- Sold Price
- $1,085,000
- List Price
- $1,085,000
- Status
- SOLD
- MLS#
- 2502695
- Closing Date
- May 22, 2026
- Days on Market
- 3
- Style
- 54 - 4-Plex
- Finished SqFt
- 4,072
- Area Total SqFt
- 4072
- Annual Tax Ammount
- 1180
- Lot Size (sq ft)
- 33,977
- Sewer
- Sewer Connected
- Offer Review Date
- 2026-04-22
Property Description
Seize a truly exceptional investment opportunity with this fully occupied, income-generating 4-plex. This turnkey asset offers immediate cash flow with 100% occupancy, minimizing investor risk and maximizing immediate returns. The true game-changer is the property's rarely seen scale: it sits on a sprawling 0.78-acre parcel. This substantial acreage is the engine of future value appreciation, offering a clear path to expansion or subdivision for additional units, effectively future-proofing your investment. The building itself is meticulously designed for high tenant appeal and retention, featuring four identical, spacious 1,000 square foot units, each with a highly desirable 2-bedroom, 1.5-bathroom configuration. The quality of the units is a major draw; three have been upgraded with modern finishes, and all four include highly coveted in-unit washer/dryers and private balconies/patios, amenities that ensure long-term tenancy. The excellent location and strong unit mix, the property offers generous on-site parking, including both covered and uncovered spaces, plus dedicated RV parking, further enhancing tenant convenience. This is more than just a four-plex; it is a strategically located, immediately profitable asset with unparalleled potential for substantial capital growth through future development. Don't miss this opportunity to acquire a cash-flowing property that delivers stable income now while providing a foundational asset for a future large-scale project.
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Additional Information
- List Date
- 2026-05-19 00:00:00
- Community
- Shaw Road
- Net Operating Income
- $57,900
- Gross Adjusted Income
- $72,200
- Gross Scheduled Income
- $84,000
- Total Monthly Income
- $7,000
- Insurance Expenses
- $2,500
- Gross Rent Multiplier
- 12.8
- Total Expenses
- $3,680
- Cap Rate
- 5.39
- Total Number of Units
- 4
- Unit Name
- 11214
- Potential Terms
- Cash, Conventional
- Year Built
- 1979
- Roof
- Composition
- Site Features
- Fenced-Partially, Patio, RV Parking
- Energy Source
- Electric
- School District
- Puyallup
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $7,000
- Gross Scheduled Income
- $84,000
- Gross Adjusted Income
- $72,200
- Tax Year
- 2025
- Insurance Expense
- $2,500
- Total Expenses
- $3,680
- Net Operating Income
- $57,900
- Gross Rent Multiplier
- 12.8
- 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.