Property Details
12813 109th Avenue Ct E
Puyallup, WA 98374
$1,141,000
Pending Feasibility
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Property Overview
Winsome Terrace 4 unit | 6.25% CAP: This well-maintained 4-unit multifamily property features four spacious two-bedroom, 1.5-bath townhouse-style units, each offering approximately 1,110 square feet, private back patios, second-floor decks, and wood-burning fireplaces. The property benefits from recent major capital improvements, including a new roof and chimney stacks completed in 2024, along with copper and ABS plumbing, updated electrical panels, and 8 on-site parking spaces. With one unit currently vacant, the property is well-positioned for an owner-occupied buyer seeking potential residential financing options, while investors can immediately place a tenant at market rent and continue stabilizing rents over time. Built in 1983 and located near shopping, dining, schools, employment centers, and major commuter routes, this South Hill asset offers a compelling combination of in-place income, value-add upside, and long-term investment stability in one of Pierce County’s growing rental markets.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Pending Feasibility
County
Pierce
Neighborhood
South Hill
Listed
Jun 3, 2026
Structure Type
Quadruplex
Parcel Number
9727000070
Tax & HOA
Annual Property Tax
$11,046 (2026)
Est. Monthly Tax
$921/mo
Financial Summary
Cap Rate
6.25%
Net Operating Income
$71,337
Gross Scheduled Income
$90,900
Gross Rent Multiplier
12.56
Total Expenses
$17,745
Vacancy Rate
2.0%
Building & Use
Building Sq Ft
4,440
Leasable Area
4,440 sqft
Total Units
4
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
21,684 sqft
Year Built
1983
Exterior & Lot
Lot Size
0.50 sqft
Year Built
1983
Exterior Materials
Wood
Sewer
Septic Tank
Water Source
See Remarks
Lot Features
Corner Lot
Exterior Features
Wood Products
Community & Access
Directions
GPS
Location
City
Puyallup
County
Pierce
Coordinates
47.13953, -122.28269
Additional Information
Tax Year
2026
Annual Taxes
$11,046
Possession
Array
Based on information submitted to the MLS GRID as of June 8, 2026 5:00 AM. 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.
