$1,250,000
Est. $6,459/mo408 2nd Street Nw, Puyallup, WA 98371
• Listed 2026-09-09•New today
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Turnkey 5-unit investment opportunity in the heart of Downtown Puyallup! Extensively updated and exceptionally maintained, this property features five spacious 2-bedroom, 1-bath residences of approximately 775 square feet each, with beautifully remodeled interiors designed for lasting tenant appeal. Major improvements include a new roof in 2025, replaced electrical breaker panels throughout and upgraded triple-pane vinyl windows. Strong in-place rents provide immediate income, while the on-site coin-operated laundry offers an additional revenue stream. Situated on a generous 14,400 square foot corner lot with eight covered carport spaces plus three additional parking spaces. An outstanding location just blocks from the Puyallup Sounder Station and moments from downtown dining, shopping and amenities. A rare opportunity to acquire a renovated, income-producing 5-plex with significant capital improvements already completed in one of Puyallup’s most convenient locations.
Listed by Tyler Freed • Windermere Real Estate/PSK Inc
Listing updated: September 9, 2026 at 06:58am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2574077
Open houses
No upcoming open houses scheduled for this property.
408 2nd Street Nw, Puyallup, WA 98371
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Neighborhood mobility
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.
$7,516 per month
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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 13 days.
$420,000 Sold
3 months ago
4 bd•2 ba•~2,780 sq ft•Single Family
826 9th Street Sw, Puyallup, WA 98371
5%
Over list
—
Days on market
0.8 mi
Distance
$575,000 Sold
3 months ago
3 bd•2 ba•~1,466 sq ft•Single Family
116 16th Street Nw, Puyallup, WA 98371
3%
Under list
—
Days on market
1.0 mi
Distance
$410,000 Sold
4 months ago
2 bd•1 ba•~706 sq ft•Single Family
418 W Main, Puyallup, WA 98371
0%
Over list
—
Days on market
0.2 mi
Distance
$586,875 Sold
5 months ago
3 bd•1.75 ba•~1,706 sq ft•Single Family
314 16th Street Nw, Puyallup, WA 98371
1%
Under list
—
Days on market
0.9 mi
Distance
$450,500 Sold
5 months ago
2 bd•1 ba•~768 sq ft•Single Family
720 9th Street Sw, Puyallup, WA 98371
0%
Over list
—
Days on market
0.8 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 Sep 2026
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of September 9, 2026 at 06:58am (date and time MLS GRID Data was obtained). 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.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
© 2026 Northwest Multiple Listing Service. All rights reserved.
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