Listed by Tyler Smith • Westlake Associates, Inc. Bought with ZNonMember-Office-MLS.
Off Market Feb 2021 for $3.4M
—
Est. refi paymentEst. refi$9,013/mo
—
bd
•
— ba
•
16,210
sq ft
322 9th Ave SE, Puyallup, WA 98372
About this home
The Fairview Apartments provides the opportunity for an investor to walk into ownership with a turn key asset, or push rents without any further renovations. The property is ideally located a few blocks from the Washington State Fairgrounds & Events Center, Good Samaritan Hospital, and Highway 512, which provides tenants with immediate access to Seattle, Kent, Tacoma and Sumner Valley.
Multi-familyProperty Type
1977Year Built
0.94 acresLot Size
$213Price/Sq.Ft.
28 spacesParking
Listed by Tyler Smith• Westlake Associates, Inc.
Listed by Steve Fischer• Westlake Associates, Inc.
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
2
Lot width
88 ft.
Lot depth
—
Lot size
0.94 Acres
Year renovated
1990
Sq. Ft.
9,702
Year built
1977
Style
Multi-Family (5+ Unit)
County
Pierce County
APN
3115000050
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jun 29, 2026.
RM-20
High Density Multiple-Family Residential Zone
The RM-20 and RM-Core multiple-family residential zones allow for a wider range of multifamily uses, including apartments, duplex, triplex, fourplex, townhouse and other multifamily residential housing types. The RM-20 and RM-Core zones are intended to provide for substantially higher density multifamily residential land uses, with RM-Core being specifically the densest and intended to promote a more compact form of residential land use.
Permitted uses
Include but are not limited to:
Garden center
Retail-Grocery
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Student
Housing-Other
Bed & breakfast
Communications tower
Housing-Mobile home park
Property details
Parking
Parking Information
Parking Uncovered Spaces: 20
Open Parking Spaces: 20
Carport Spaces: 8
Has Open Parking
Interior
Interior Features
Interior Features: Forced Air
Multi-Family Financial Information
Insurance Expense: $6,189
Other Expense: $42,526
Net Operating Income: $177,722
Gross Adjusted Income: 275971
Gross Scheduled Income: $290,496
Total Monthly Income: 24208
Gross Rent Multiplier: 12
Total Expenses: 98250
Multi-Unit Information
Units Below Grade: false
Units In Building Total: 18
Vacancy Rate: 5
# of Units (Total): 18
Furnished: Unfurnished
Exterior
Building Information
Roof: Composition
Exterior Features
Exterior Features: Wood
Property Information
Style Code: 56 - 10+ Units
Property Type: Residential Income
Property Sub Type: Multi Family
Land Information
Possible Use: Multi-Family
Lot Information
MLS Lot Size Source: Pierce County Assessor
Zoning Jurisdiction: City
Lot Size Units: Square Feet
Lot Size Acres: 0.9367
Elevation Units: Feet
Financial
Tax Information
Tax Annual Amount: $28,543
Tax Year: 2020
Financial Information
Listing Terms: Cash Out, Conventional
Buyer Financing: Cash
Utilities
Utility Information
Sewer: Sewer Connected
Utilities: Sewer Connected, Electric
Water Sewer Garbage: 20992
Location
School Information
High School District: Puyallup
Location Information
Directions: On WA-167 S toward Tacoma, take the WA-512 W exit toward WA-161 S/Puyallup/Olympia. Take exit toward Meridian St S. Turn right on S Meridian. Turn right onto 9th Ave SE. Property is on right.
Public facts
Beds: —
Baths: —
Sq. Ft.: 9,702
Stories: 2.0
Lot Size: 0.94 acres
Style: Multi-Family (5+ Unit)
Year Built: 1977
Year Renovated: 1990
County: Pierce County
APN: 3115000050
Home facts updated by county records on Jun 29, 2026
Other
Listing Information
Mls Status: Sold
Listing Date Information
On Market Date: Thursday, November 19, 2020
Green Information
Power Production Type: Electric
Home Information
Living Area Units: Square Feet
Calculated Square Footage: 16210
Building Area Total: 16210
Building Area Units: Square Feet
Structure Type: Multi Family
Stories Total: 2
Around this home
Schools
Spinning Elementary School
Public K-6 • Assigned • 0.7mi
7/10
Kalles Junior High School
Public 7-9 • Assigned • 0.3mi
7/10
Puyallup High School
Public 10-12 • Assigned • 0.8mi
7/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
6/10 Flood Factor
Estimated 67-75% chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 87° expected this year, 16 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
7/10 Air Factor
11 unhealthy days expected this year, 12 days in 30 years
Provided by First Street
Historical weather
Puyallup, WA • 98372
Average low and high temperatures (°F)
47
36
49
37
55
41
63
43
68
49
75
54
80
58
79
60
74
55
62
46
53
43
49
40
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9 hours in
June and 1.7 hours in December, placing it below the
U.S. average for solar exposure.