$649,950
Est. $3,314/mo916 40th Avenue Sw, Puyallup, WA 98373
• Listed 2026-06-16•23 days on market
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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.
Listed by Michael Pollock • Northwest Premier Brokers
Listing updated: June 30, 2026 at 09:26am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2539983
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916 40th Avenue Sw, Puyallup, WA 98373
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Puyallup is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Many homes get multiple offers, some with waived contingencies.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 8 days.
$480,000 Sold
1 day ago
2 bd•1 ba•~1,020 sq ft•Single Family
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4%
Under list
—
Days on market
0.4 mi
Distance
$690,000 Sold
2 weeks ago
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1%
Under list
—
Days on market
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Distance
$704,990 Sold
4 weeks ago
5 bd•3 ba•~2,741 sq ft•Single Family
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1%
Over list
—
Days on market
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Distance
$510,000 Sold
7 weeks ago
4 bd•1 ba•~2,160 sq ft•Single Family
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5%
Under list
—
Days on market
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Distance
$250,000 Sold
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0%
Over list
—
Days on market
0.5 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Jul 2026
Puyallup School District
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
