338 5th St SE

Puyallup, WA 98372

$998,500
Price
6
Beds
3.5
Baths
3,056 Sq. Ft.
$327 / Sq. Ft.
3,056
Sq. Ft.
$327
per Sq. Ft.
Listing provided courtesy of HomeSmart Real Estate Assoc

Description

Here is your chance to purchase a rare 2021 built duplex in Puyallup. With a long term tenant downstairs and a four year old Air BnB upstairs, this building provides stability for income with the lower unit while the upstairs provides a larger opportunity for maximum cash flow. No corners were cut in the construction of this building with Quartz counter tops, custom tile backplash, undercounter lighting, custom fireplaces along with LVP flooring throughout. The upstairs unit is fully furnished and...Here is your chance to purchase a rare 2021 built duplex in Puyallup. With a long term tenant downstairs and a four year old Air BnB upstairs, this building provides stability for income with the lower unit while the upstairs provides a larger opportunity for maximum cash flow. No corners were cut in the construction of this building with Quartz counter tops, custom tile backplash, undercounter lighting, custom fireplaces along with LVP flooring throughout. The upstairs unit is fully furnished and can be transfered as a functioning Air BnB or house hack it, and create real wealth. A real unique opportunity to own a truly unique property in-town that's walkable to the WA State Fairgrounds and everything the city of Puyallup has to offer.
  1. Listed by Stephen Sherman • HomeSmart Real Estate Assoc

Property Details for 338 5th Street Southeast

Community Name
Puyallup
School District
Puyallup
View
Mountain
Number of Assigned Spaces
5
Total Covered Parking
0
Entry Date
08-29-2025
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 01/14/2026 09:31 AM

Property Details for 338 5th Street Southeast

StatusActive
MLS #2425785
Days on Market143
Cumulative Days on Market133
Taxes$7,966 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2021
Lot Size0.10 AC / 4,527 SF
CountyPierce County

Location

Listing Courtesy of HomeSmart Real Estate Assoc
Add your commute

Building Information for 338 5th Street Southeast

Stories2Residences2Year Built2021Building Size-Lot Size0.10 AC / 4,527 SF

Payment Calculator

$5,530 per month

30 year fixed, 6.15% Interest

Principal and Interest

$4,867

Property Taxes

$664

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 338 5th Street Southeast

Summary
Location and General Information
  • Style: 52 - Duplex
  • Site Features: Deck, Gas Available, High Speed Internet, Patio, RV Parking
  • Area: 79 - Puyallup
  • Elementary School: Spinning Elem
  • Middle Or Junior School: Kalles Jnr High
  • High School: Puyallup High
  • Effective Year Built Source: Public Records
  • Directions: From 512 take the Pioneer exit and head west toward town. Take left at light on 5th St. SE and the Duplex is 1/2 way down on the right side of street.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2025
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Parking Type: RV Parking
  • Open Parking Spaces: 5.0
  • Open Parking: Yes
  • Parking Features: RV Parking
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Vinyl Plank
  • Amenities: Thermal Windows
  • Cooling: Yes
  • Cooling: Ductless
  • Fireplace: No
  • Heating: Yes
  • Heating: Ductless, Wall Unit(s)
  • FIRPTA: No
Exterior Features
  • Exterior: Cement Planked, Wood
  • Roof: Composition
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 2820
  • Power Company: PSE
  • Sewer Company: Tacoma
  • Water Company: Tacoma
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • First Right Of Refusal: false
  • MLS Square Footage Source: Public Records
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 2021
  • Photos Count: 24
Lot Information
  • Lot Details: Alley, Curbs, Paved, Sidewalk
  • Lot Size Dimensions: 41' x 110'
  • Lot Size Source: Public Records
  • Parcel Number Free Text: 5745000260
  • Building Condition: Very Good
  • Calculated Square Footage: 3056
  • Structure Type: Duplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 3056.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
  • Green Energy Efficient: Thermal Windows
Multi Family
Building Details
  • Number of Uncovered Spaces: 5
  • Number of Stories in Building: 2
  • Vacancy Rate: 3
  • Number Of Units Total: 2
  • Units Below Grade: false
  • Units In Building Total: 2
Financing / Income and Expenses
  • Electric Expense: $1,500
  • Total Expenses: 14038
  • Gross Adjusted Income: 78532
  • Gross Rent Multiplier: 12.34
  • Gross Scheduled Income: $80,961
  • Insurance Expense: $1,752
  • Net Operating Income: $64,494
  • Other Expenses: $0
  • Total Monthly Income: 6745
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: A
  • Washer/Dryer Unit 1: true
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: true
  • Square Feet Unit 1: 1500
  • Rent Unit 1: $2,500.00
  • Bedrooms Unit 1: 3
  • Fireplaces Unit 1: 1
  • Bathrooms Unit 1: 2
Unit 2
  • Name Unit 2: B
  • Washer/Dryer Unit 2: true
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: true
  • Square Feet Unit 2: 1500
  • Rent Unit 2: $4,245.00
  • Bedrooms Unit 2: 3
  • Fireplaces Unit 2: 1
  • Bathrooms Unit 2: 2
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 3056.0

Property History for 338 5th Street Southeast

DateEvent & SourcePriceAppreciation
Sep 17, 2025

Price Change

NWMLS #2425785

$1,090,000—
Aug 29, 2025

Listed (Active)

NWMLS #2425785

$1,100,000—
DateEvent & SourcePrice
09/17/2025

Price Change

NWMLS #2425785

$1,090,000
08/29/2025

Listed (Active)

NWMLS #2425785

$1,100,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 338 5th Street Southeast

Taxable ValueLand$160,100Additions$565,000Total$725,100
Tax Record2025$7,967 ($664 / month)
Home Facts
Total Finished SqFt3,056 SqFtAbove Ground SqFt3,056 SqFtStories2Lot Size4,527 SqFtStyleDuplexYear Built2021ZoningRM-20CountyPIERCEAPN5745000260

Schools near 338 5th Street Southeast

This home is within Puyallup School District.
Rating
School
Type
Grades
Distance
Spinning Elementary School
Public - K to 6
Kalles Junior High School
Public - 7 to 9
Puyallup High School
Public - 10 to 12
Psd Special Services
Public - PK to 12
Rating
School
Distance
Spinning Elementary School
PublicK to 6

Kalles Junior High School
Public7 to 9

Puyallup High School
Public10 to 12

Psd Special Services
PublicPK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 338 5th Street Southeast, Puyallup, WA 98372

338 5th Street Southeast is a multi-family home for sale in Puyallup, WA 98372. This property was listed for sale on August 29, 2025 by HomeSmart Real Estate Assoc, it's currently listed at $998,500. This listing's school district is Puyallup School District. Nearby schools include Spinning Elementary School, Kalles Junior High School and Puyallup High School. 338 5th Street Southeast is a 6-bed, 3.5-bath, 3,056 sqft multi-family home built in 2021.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of HomeSmart Real Estate Assoc

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 01/19/2026 01:50 PM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.