Property Details
2205 S Meridian
Puyallup, WA 98374
$699,950
Pending Inspection
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Property Overview
HOUSE HACKERS & INVESTORS! Incredible opportunity for a duplex + 3rd unit in Puyallup! Great location near freeway access, South Hill Mall, entertainment, restaurants, bus lines, Fair, & more! 2 SPACIOUS 2 bed 1 bath units + 1 Bed 1 Bath 3rd unit! All units recently updated with LVP flooring, paint, & appliances! Big lot perfect for entertaining/hanging & plenty of off street parking for all units! Downstairs unit has an attached garage/workshop! Wood fireplaces in 2 units/dedicated laundry for all 3! Big covered deck upstairs with views! TURNKEY & perfect for your next home & or rental! 3rd unit is vacant & move-in ready w/ 2 tenants in place in the duplex for income day 1! Potential development/condoization for even more opportunity? Buyer to verify!
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Pending Inspection
County
Pierce
Neighborhood
Puyallup
Listed
Mar 13, 2026
Structure Type
Duplex
Parcel Number
7790000321
Tax & HOA
Annual Property Tax
$5,415 (2025)
Est. Monthly Tax
$451/mo
Financial Summary
Cap Rate
5.39%
Net Operating Income
$39,085
Gross Scheduled Income
$48,900
Gross Rent Multiplier
14.83
Total Expenses
$9,815
Building & Use
Building Sq Ft
2,998
Leasable Area
2,998 sqft
Total Units
3
Lot Size
12,689 sqft
Year Built
1961
Exterior & Lot
Lot Size
0.29 sqft
Year Built
1961
Garage
1 spaces
Exterior Materials
Cement
Sewer
Sewer Connected
Water Source
Community
Lot Features
Curbs, Dead End Street, Open Space, Paved, Sidewalk
Exterior Features
Cement/Concrete
Community & Access
Directions
Go South down Meridian St S from the South Hill Mall. Property is on the Right.
Location
City
Puyallup
County
Pierce
Coordinates
47.17070, -122.29310
Additional Information
Tax Year
2025
Annual Taxes
$5,415
Possession
Array
Based on information submitted to the MLS GRID as of June 1, 2026 11:08 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.
