Property Details
1010 W Pioneer
Puyallup, WA 98371
$1,100,000
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Property Overview
Exceptional multifamily investment opportunity located at 1006 – 1010 on desirable Pioneer Avenue, this meticulously maintained triplex offers three spacious 2-bedroom, 1-bath units, each with its own attached one-car garage and additional on-site parking. The property has been thoughtfully updated and features well-appointed interiors that appeal to today's renters. Unit 1010 is equipped with an energy-efficient heat pump providing both heating and air conditioning, while the remaining units feature forced-air natural gas heat. A durable metal roof and consistent upkeep throughout reflect true pride of ownership and help minimize maintenance concerns. Tenants enjoy convenient access to Downtown Puyallup's shops, restaurants, parks, schools, and commuter routes, making this a highly desirable rental location. Whether you're looking to add a stable income-producing asset to your portfolio or seeking a quality investment in a strong rental market, this property offers an attractive combination of cash flow potential, excellent condition, and long-term value. Rarely does a turnkey triplex of this caliber become available in such a prime Puyallup location.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Pierce
Neighborhood
Puyallup Valley
Listed
Jun 18, 2026
Structure Type
Triplex
Parcel Number
5505200630
Tax & HOA
Annual Property Tax
$7,800 (2026)
Est. Monthly Tax
$650/mo
Financial Summary
Cap Rate
5.86%
Net Operating Income
$64,514
Gross Scheduled Income
$80,400
Gross Rent Multiplier
13.68
Total Expenses
$15,886
Building & Use
Building Sq Ft
2,570
Leasable Area
2,570 sqft
Total Units
3
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
11,252 sqft
Year Built
1967
Exterior & Lot
Lot Size
0.26 sqft
Year Built
1967
Garage
3 spaces
Exterior Materials
Stucco
Sewer
Sewer Connected
Lot Features
Paved, Sidewalk
Exterior Features
Stucco
Community & Access
Directions
From Meridian go West on Pioneer
Location
City
Puyallup
County
Pierce
Coordinates
47.19014, -122.30773
Additional Information
Tax Year
2026
Annual Taxes
$7,800
Possession
Array
Based on information submitted to the MLS GRID as of June 23, 2026 5:34 PM. 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, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
