921 12th Avenue SE, Puyallup, WA 98372
- $4,100,000
- 17,872
- SqFt
Listing courtesy of The Foundation Group LLC.
- List Price
- $4,100,000
- Status
- PENDING FEASIBILITY
- MLS#
- 2565784
- Days on Market
- 60
- Style
- 56 - 10+ Units
- Finished SqFt
- 17,872
- Area Total SqFt
- 17872
- Annual Tax Ammount
- 44664
- Lot Size (sq ft)
- 52,666
- Sewer
- Sewer Connected
Property Description
The Foundation Group is pleased to present Lindale Apartments, a 24-unit multifamily community located in a quiet residential neighborhood of Puyallup within Pierce County. The property offers a well-balanced mix of one- and two-bedroom units designed to appeal to a broad renter base. Ideally positioned just minutes from Downtown Puyallup, the property provides convenient access to local shopping, dining, and everyday services, along with major destinations such as MultiCare Good Samaritan Hospital and South Hill Mall. The property went through an interior renovation in 2016 and has been meticulously maintained on unit turns, featuring renovated units with modern finishes that enhance tenant appeal.
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Additional Information
- List Date
- 2026-06-06 20:30:16
- Community
- Puyallup Valley
- Net Operating Income
- $291,161
- Gross Adjusted Income
- $493,529
- Gross Scheduled Income
- $519,504
- Total Monthly Income
- $43,292
- Insurance Expenses
- $9,245
- Water/Sewer/Garbage Expenses
- $48,272
- Gross Rent Multiplier
- 8.7
- Total Expenses
- $202,368
- Cap Rate
- 7.9
- Vacancy Rate
- 5
- Total Number of Units
- 2
- Unit Name
- 921
- Potential Terms
- Cash, Conventional
- Year Built
- 1973
- Roof
- Composition
- Other Expenses
- 100187
- Energy Source
- Electric
- School District
- Puyallup
- Elementary School
- Spinning Elem
- Middle School
- Kalles Jnr High
- High School
- Puyallup High
- Total Monthly Income
- $43,292
- Gross Scheduled Income
- $519,504
- Vacancy Rate
- 5
- Gross Adjusted Income
- $493,529
- Tax Year
- 2026
- Insurance Expense
- $9,245
- W/S/G Expenses
- $48,272
- Total Expenses
- $202,368
- Net Operating Income
- $291,161
- Gross Rent Multiplier
- 8.7
- Cap Rate
- 7.9
Based on information submitted to the MLS GRID as of . 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 noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.