Property Details
12926 78th Avenue E
Puyallup, WA 98373
$950,000
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Property Overview
Meticulously maintained duplex in Puyallup offering a rare investment opportunity with an estimated 5.5% cap rate. Ideal for owner-occupants or investors—live in one unit and generate income from the other, or lease both and expand your portfolio. Built in 2019, this rambler-style duplex sits on over ½ acre at the end of a quiet dead-end street, providing privacy with minimal traffic. Each unit features 2 bedrooms, 2 bathrooms, and just over 1,100 sq ft, along with attached 2-car garages. Thoughtfully designed with modern finishes, including LVP flooring, quartz countertops, stainless steel appliances, ductless mini-split systems, and in-unit washer/dryer. The primary suites include walk-in closets and double vanity sinks, offering both comfort and functionality. A detached shop/garage adds flexibility for additional income, storage, or workspace. Strong rental appeal—one unit already leased (secured within 24 hours)—making this a turnkey opportunity. Additional highlights include ample parking, RV parking with power hookup, and optional rental income from the detached garage. Bonus opportunity: The property is equipped with an additional 200-amp power service, originally planned for an ADU—offering future development potential for added value or income. Conveniently located just minutes from Costco, major freeways, shopping, and dining, this property combines seclusion, modern living, and income potential in one exceptional package.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Pierce
Neighborhood
Puyallup
Listed
Apr 29, 2026
Structure Type
Duplex
Parcel Number
0419172175
Tax & HOA
Annual Property Tax
$7,611 (2026)
Est. Monthly Tax
$634/mo
Financial Summary
Cap Rate
5.50%
Net Operating Income
$52,194
Gross Scheduled Income
$5,500
Gross Rent Multiplier
14.94
Total Expenses
$11,406
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
2,210
Leasable Area
2,208 sqft
Total Units
2
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
25,199 sqft
Year Built
2019
Exterior & Lot
Lot Size
0.58 sqft
Year Built
2019
Garage
6 spaces
Exterior Materials
Wood
Parking
RV Parking
Sewer
Septic Tank
Water Source
Public
Lot Features
Dead End Street, Secluded
Exterior Features
Wood, Wood Products
Community & Access
Directions
Head West on to 128th St E from Meridian, Turn left onto 78th Ave E. Property at the end of the road on right.
Location
City
Puyallup
County
Pierce
Coordinates
47.13825, -122.32597
Additional Information
Tax Year
2026
Annual Taxes
$7,611
Possession
Array
Based on information submitted to the MLS GRID as of June 7, 2026 2:15 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.
