Property Details
322 7th Street SW #1-4
Puyallup, WA 98371
$875,000
Active
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Property Overview
Excellent Multi-Family Investment Opportunity in Downtown Puyallup!Well-maintained single-story 4-plex located in a desirable Puyallup location, offering strong rental appeal and investment potential. Situated at 322 7th St SW, this property features a practical one-level layout, appealing to a broad tenant base. Amenities include a shared on-site laundry room and convenient alley access, with Unit 4 offering the added benefit of private off-alley parking.Ideally located near downtown Puyallup amenities, shopping, dining, parks, and commuter routes, this property presents an outstanding opportunity for investors seeking stable income potential in a high-demand rental market. Add to your portfolio or invest in a versatile multi-family property with long-term upside.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Pierce
Neighborhood
Puyallup
Listed
May 21, 2026
Structure Type
Quadruplex
Parcel Number
5505200351
Tax & HOA
Annual Property Tax
$7,907 (2023)
Est. Monthly Tax
$659/mo
Financial Summary
Cap Rate
6.57%
Net Operating Income
$57,489
Gross Scheduled Income
$80,340
Gross Rent Multiplier
10.89
Total Expenses
$20,440
Vacancy Rate
3.0%
Building & Use
Building Sq Ft
3,146
Leasable Area
3,146 sqft
Total Units
4
Lot Size
11,047 sqft
Year Built
1968
Exterior & Lot
Lot Size
0.25 sqft
Year Built
1968
Exterior Materials
Brick, Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Alley, Sidewalk
Exterior Features
Brick, Wood Products
Community & Access
Directions
Take WA-167 S to WA-512 E, exit Meridian St. Turn left on S Meridian, right on 7th St SW.
Location
City
Puyallup
County
Pierce
Coordinates
47.18961, -122.30314
Additional Information
Tax Year
2023
Annual Taxes
$7,907
Possession
Array
Based on information submitted to the MLS GRID as of June 1, 2026 11:14 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.
