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Provided by NWMLS, Listed by Michael Pollock, 800-216-5680 at Northwest Premier Brokers
1,750 sqft

$624,950

916 40th Avenue SW, Puyallup WA, 98373

Price per sqft$357.11
Built in1992
Property size1,750 sqft
Property typeMulti-family

Overview

Active

Updated 6 days ago

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 are month to month, allowing a defined timeline for potential rent increases and improved cash flow for new owner or owner occupancy with proper notice. 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.

$4,158/mo

Est. mortgage payment based on a $624,950 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
2570051

Interior Features

Heating
Yes
Basement
No

Exterior Features

Lot Size
0.31 Acres

Other Property Details

Taxes
$5,821
Tax Frequency
Annually
Garage
Yes
55+/Senior Community
No
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Provided by NWMLS, Listed by Michael Pollock, 800-216-5680 at Northwest Premier Brokers

The IDX display presents information sourced from the Northwest Multiple Listing Service as of 10/7/2026. The data is intended for personal, non-commercial use and should not be used for any other purpose except to identify potential properties for purchase. While the MLS data displayed is generally deemed reliable, it is NOT guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. The property locations displayed on any map are merely best approximations and exact locations should be independently verified. Based on information submitted to the MLS GRID as of 10/7/2026 at 3:28 PM UTC . 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.

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Data last updated on 10/7/2026 at 3:28 PM UTC 

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