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232 4th Avenue NW, Puyallup, WA, 98371

3beds
3baths
1,831sqft
$599,000
$327price/sqft
$3,864/moest. monthly cost
$154,560/yrincome needed

About This Home

Prime Downtown Puyallup investment opportunity! This fully renovated (2016) triplex at 232 4th Ave NW offers high rental demand near the Sound Transit station with just over 1,800 sq ft, boasting updated interiors while retaining classic charm in a walkable, top-tier location. The lot is zoned CBD (buyer to verify). There are two units downstairs and one upstairs. 100% new electrical and plumbing done in 2017.

Getting Around

91
WalkingWalker's Paradise
0
TransitVery Limited Transit
53
BikeBikeable

Schools

4/10
Stewart Elementary SchoolGrades PK-60.4 mi
7/10
7/10
Puyallup High SchoolGrades 10-120.3 mi

Construction

Condition

  • Property condition: Updated/Remodeled
  • Year built: 1900

Materials

  • Roof: Composition
  • Construction materials: Wood Siding

Notable Dates

  • Major remodel year: 1987

Type & Style

  • Home type: MultiFamily
  • Architectural style: Tri-plex
  • Property subType: Triplex,Multi Family

Interior

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3

Features

  • Flooring: Laminate

Heating & Cooling

  • Heating features: Baseboard,Electric
  • Cooling features: None

Interior Area

  • Total structure area: 1,831
  • Total interior livable area: 1,831 sqft

Property

Details

  • Parcel number: 7940600040
  • Zoning description: Business,Jurisdiction: City
  • Special condition: Standard

Lot

  • Lot size: 7,200 sqft

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeVery High
  • Inland Flooding
    Inland FloodingVery High
  • Volcanic Activity
    Volcanic ActivityRelatively High
  • Heat Wave
    Heat WaveModerate

How This Home’s Risks Compare

Earthquake
Inland Flooding
Volcanic Activity
Heat Wave

FEMA Declared Disasters in Pierce County and Washington

Fire
Flood
Mud Landslide
Severe Storm
Straight Line Winds
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,028$36,336
Home Insurance *$125$1,500
Property Taxes $562$6,744
Electricity $149$1,793
Total$3,864$46,368
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$132,480/yr
40% on housing$115,920/yr
45% on housing$103,040/yr

Washington FAIR Plan Programs

Washington FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 306Commercial: 55
Total Premiums$858,000
Total Exposure$176.33M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.9%
9.9%
0%30.0%
Electricity Growth Rate10-year average: 3.0%
3.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.6%
1.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$327This listing

vs Other Active Listings

Avg $/sqft

ZIP 98371$224
Pierce County$262

vs Homes Sold Last Month

Median $/sqft

ZIP 98371$310
Pierce County$312

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-16Price change$599,000
2026-05-18Listed for sale$609,000
2026-05-07Pending sale$609,000
2026-04-30Listed for sale$609,000
2015-04-27Sold$90,000
2014-12-26Sold$203,748
2011-12-01Listing removed$130,000
2011-11-25Price change$130,000
2011-11-13Price change$140,000
2011-10-30Price change$150,000
2011-10-07Listed for sale$160,000
2005-07-28Sold$150,000

For Sale by Agent

AgentJennifer Rees
BrokerageThe Real Estate Firm

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