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$1,150,000
1 Day On Site
408 N MeridianPuyallup, WA 98371
For Sale|Residential Income|Active
0
Beds
0
Total Baths
5,808
SqFt
$198
/SqFt
1900
Built
Cumulative Days On Market:
2
Subdivision:
Puyallup
County:
Pierce
Courtesy of NWMLS
Listing courtesy of Tyler J. Bretz of Urban Commercial Partners, LLC
Listing courtesy of Tyler J. Bretz of Urban Commercial Partners, LLC
Call Now: 360-858-8597
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360-858-8597
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Meridian Castle, located in the heart of Downtown Puyallup, presents a rare investment opportunity in a thriving market. Currently 100% occupied, the property generates $75,524 in NOI, reflecting an in-place 6.3% cap rate, with rents positioned below market expectations. Significant revenue upside exists through rent increases, utility bill-backs, storage leasing, and laundry income, all of which remain untapped by current ownership. With operational stabilization, the asset is projected to achieve a 7.45% proforma cap rate, reinforcing its long-term investment appeal. This property is available for sale individually or as part of a portfolio offering alongside 112 4th Ave SE, Puyallup.
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Listing Snapshot
Price
$1,150,000
Days On Site
1 Day
Bedrooms
N/A
Inside Area (SqFt)
5,808 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.1377 Acres
Year Built
1900
MLS® Number
2387690
Status
Active
Property Tax
$7,454
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| yesterday | Listing updated with changes from the MLS® | |
| yesterday | Listing first seen on site |
General Features
Acres
0.1377
Number Of Stories
3
Parking Spaces
5
SqFt Total
5808
Utilities
Sewer Connected
Water Source
Public
Interior Features
Cooling
Flooring
LaminateVinylCarpet
Heating
ElectricRadiant
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Exterior Features
Construction Details
StoneStucco
Lot Features
Paved
Roof
Composition
Community Features
Financing Terms Available
Conventional
MLS Area
81 - Puyallup
School District
Puyallup
Schools
School District
Puyallup
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Courtesy of NWMLS
Listing courtesy of Tyler J. Bretz of Urban Commercial Partners, LLC
Listing information is provided by Participants of the Northwest MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, Northwest MLS.
All data is obtained from various sources and may not have been verified by the 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.
Last checked: 2025-06-06 10:17 AM PDT
Listing courtesy of Tyler J. Bretz of Urban Commercial Partners, LLC
Listing information is provided by Participants of the Northwest MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, Northwest MLS.
All data is obtained from various sources and may not have been verified by the 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.
Last checked: 2025-06-06 10:17 AM PDT
Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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