Property Details
8115 109th Street E #8117
Puyallup, WA 98373
$749,950
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Property Overview
Turnkey duplex opportunity in a high-demand rental corridor. Each unit offers 3 bed / 2 bath layouts—an ideal configuration for maximizing tenant demand and rental income. One unit has been fully renovated within the past 12 months (new flooring, paint, doors, and bathroom updates), minimizing near-term capital expenditures. Major systems have been addressed with a newer roof and recent exterior paint, reducing maintenance risk. Located near major commuter routes, retail, and recreation—supporting strong tenant retention and consistent occupancy. This asset is well-positioned for stable cash flow with upside through rent optimization on the non-renovated unit. Ideal for investors seeking a low-maintenance, income-producing property with value-add potential.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Pierce
Neighborhood
Puyallup
Listed
Apr 29, 2026
Financial Summary
Cap Rate
5.70%
Net Operating Income
$42,805
Gross Scheduled Income
$52,800
Gross Rent Multiplier
14.20
Total Expenses
$9,995
Vacancy Rate
3.0%
Building & Use
Building Sq Ft
2,696
Leasable Area
2,696 sqft
Total Units
2
Zoning
Multi-Family,Residential
Possible Use
Multi-Family, Residential
Lot Size
24,015 sqft
Year Built
1999
Exterior & Lot
Lot Size
0.55 sqft
Year Built
1999
Garage
4 spaces
Exterior Materials
Wood
Sewer
Septic Tank
Water Source
Public
Lot Features
Cul-De-Sac, Dead End Street, Paved, Secluded
Exterior Features
Wood
Location
City
Puyallup
County
Pierce
Coordinates
47.15777, -122.32094
Additional Information
Tax Year
2026
Annual Taxes
$8,045
Possession
Array
Based on information submitted to the MLS GRID as of May 7, 2026 2:45 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.
