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About the Listing 5749 - 50784
Rare investment opportunity in Puyallup's desirable South Hill. This well-maintained duplex with long term tenants has never been vacant during the sellers ownership. It offers stable income today with a clear path to increased returns. Both units include large fully fenced yards with decks, attached 1-car garages and additional driveway parking. The property has enjoyed exceptional occupancy with long-term tenants. Current rents are slightly below market, providing a value-add opportunity for the next owner. Existing leases have less than six months remaining, allowing a defined timeline for potential rent increases and improved cash flow to the already existing solid amount. New countertops are currently being installed throughout both units and are not reflected in the current photos. Tenants enjoy a single-family-home feel with the large fenced backyards, contributing to strong retention and consistent rental demand. Conveniently located near SR-512, shopping, dining, parks and schools. As an added investment opportunity, the purchaser of this duplex will be given the first rights to purchase the seller's adjacent duplex, creating the potential to expand ownership to four units in one prime location. Whether you're completing a 1031 exchange, expanding an existing portfolio, or just entering the multifamily market, this property offers great stability, future income and equity growth potential and a unique opportunity with a proven and reliable rental property.
Listing Highlights
Interior Details
- Bedrooms: 4
- Bathrooms: 4 Full
- Appliances:
- Air Cond:
- Heating: Forced Air
- Fireplaces: 0
- Floor: Laminate,Carpet
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Fruitland Mutual
Exterior Details
- Lot Description: Corner Lot,Fenced-Fully,Outbuildings
- Garage Capacity: 2 car
- Parking Spaces: 6
- Roof: Composition
- Others: Wood Products,Good
- Sewer: City of Puyallup
Financial Details
- Tax Amount: $5,821
- Taxes w/Assessments: N/A
- Tax/Property ID: 0419096098
- Tax Year: 2026
Payment Calculator
Monthly Payment
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- in Taxes
Questions About..
916 40th Ave SW Puyallup, WA 98373
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