James & Angie Smith

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Listing provided courtesy of Washington Realty GroupNWMLSas Distributed by MLSGrid- MLS# NWM2527369MLS Provider

322 7th Street SW #1-4Puyallup, WA 98371

Multi-Family · 7 Beds · 3,146 Sq. ft. | 0.25 Acres
$875,000 Active

322 7th Street SW #1-4 Overview

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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.

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322 7th Street SW #1-4 Facts & Features

  • Type Multi-Family
  • Sq. ft. 3,146
  • Price/Sq.ft. $278
  • Lot 0.25 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: Puyallup
  • Elementary School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify
  • High School: Buyer To Verify

Income/Expenses

  • Other Expense: 5000
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Scheduled Income: 80340
  • Insurance Expense: 1533
  • Net Operating Income: 57489
  • Total Expenses: 20440
  • Total Monthly Income: 6695
  • Water/Sewer/Garbage: 6000

Building Information

  • New Construction: No
  • Year Built: 1968

Location/Region

  • Country: US
  • County Or Parish: Pierce
  • MLS Area Major: 81 - Puyallup
  • Subdivision Name: Puyallup

Tax Information

  • Tax Annual Amount: $7,907.00
  • Tax Year: 2023

General Information

  • Listing Terms: Cash, Conventional
  • Parcel Number: 5505200351
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Parking Information

  • Garage Spaces: 0

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 3146
  • Building Area Units: Square Feet
  • Calculated Square Footage: 3146
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Laminate, Vinyl, Carpet
  • Foundation Details: Poured Concrete
  • Heating: Yes
  • Leasable Area: 3146
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric
  • Security Features: Partially Fenced
  • Stories Total: 1

Unit Information

  • Unit Number: 1-4

Exterior

Parking Information

  • Open Parking: No
  • Parking Total: 2
  • Parking Uncovered Total: 0

Lot Information

  • Irrigation Water Rights: No
  • Lot Features: Alley, Sidewalk
  • Lot Size Acres: 0.2536
  • Lot Size Square Feet: 11045
  • Lot Size Units: Square Feet
  • Site Features: Fenced-Partially
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Roof: Composition
  • Structure Type: Quadruplex

General Information

  • Carport Spaces: 2
  • Carport: No
  • Covered Spaces: 2
  • Exterior Features: Brick, Wood Products
  • Number Of Units Total: 4
  • Sewer: Sewer Connected

Unit Information

Unit 3 Details

  • Actual Rent: 1475
  • Beds Total: 1
  • Baths Total: 1

Unit 1 Details

  • Actual Rent: 1685
  • Beds Total: 2
  • Baths Total: 1

Unit 2 Details

  • Actual Rent: 1750
  • Beds Total: 2
  • Baths Total: 1

Unit 4 Details

  • Actual Rent: 1785
  • Beds Total: 2
  • Baths Total: 1

322 7th Street SW #1-4 Neighborhood

Community

98371 (Edgewood) Demographics

40
Median Age
1,876
Population Density (per sq. mile)
38%
College Educated
$81,699
Estimated Median Income
5,957
Estimated Total Home Owners
2,497
Estimated Total Renters
70% / 30%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

322 7th Street SW #1-4 Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

322 7th Street SW #1-4 Market Data

Based on the last 30 days in this zip code

$687,225
Average List Price
$301
Average Price per Square Foot
30
Properties Sold
72
Average Days on Market
168
Properties for Sale
Calculations provided by Reliance Network

322 7th Street SW #1-4 History

Date Event Value Agent
5/21/2026Source: NWMLS Added to Database
May 21, 2026