Property Details
12902 147th Street E
Puyallup, WA 98374
$599,900
Pending
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Property Overview
Investor opportunity with upside in a convenient South Hill location. This triplex features three 2-bedroom, 1-bath units, including two units of approximately 870 sq ft & one larger unit of approximately 1,000 sq ft. Property includes a common laundry room, three covered parking spaces & six additional uncovered parking spaces on a large lot with room to improve parking, storage, exterior use & curb appeal. Each unit offers a practical layout with strong rental potential after updates, including flooring, paint, appliances & general cleanup. Existing 6-bedroom septic supports the current bedroom configuration. Excellent opportunity to renovate, stabilize operations & build long-term cash flow. Cash or seller-financing offers preferred.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Pending
County
Pierce
Neighborhood
South Hill
Listed
Aug 5, 2026
Structure Type
Triplex
Parcel Number
2145001470
Tax & HOA
Annual Property Tax
$7,562 (2026)
Est. Monthly Tax
$630/mo
Financial Summary
Cap Rate
7.00%
Net Operating Income
$42,051
Gross Scheduled Income
$64,800
Gross Rent Multiplier
9.25
Total Expenses
$19,509
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
2,610
Leasable Area
2,610 sqft
Total Units
3
Zoning
Residential
Possible Use
Residential
Lot Size
34,922 sqft
Year Built
1979
Exterior & Lot
Lot Size
0.80 sqft
Year Built
1979
Exterior Materials
Wood
Sewer
Septic Tank
Water Source
Public
Lot Features
Corner Lot, Paved
Exterior Features
Wood
Community & Access
Directions
122nd Ave E to 145th St E Rt at 129th Ave E left on 147th st E corner lot.
Location
City
Puyallup
County
Pierce
Coordinates
47.12223, -122.25712
Additional Information
Tax Year
2026
Annual Taxes
$7,562
Possession
Array
Based on information submitted to the MLS GRID as of August 10, 2026 10:15 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.
