Updated Apr 24, 2026
Investment In Addison Grove Multifamily Development Completed For $2.75M In Puyallup, WA
17753 78th Avenue East
$2,750,000
Units
102
Asset Type
MultiFamily
Closing
Apr 22, 2026
About this deal
AI
The property involved in this transaction is a multifamily development located at 17753 78th Avenue East in Puyallup, Washington. The site has been slated for the construction of 102 units and was sold for $2,750,000, translating to a price per unit of $26,961.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,750,000
- Units: 102
- Price Per Unit: $26,961
- Broker: Dylan Simon
- Agency: Kidder Mathews
- Market: Puyallup, WA
Dylan Simon from Kidder Mathews was the broker representing the transaction, facilitating the sale of the site intended for the multifamily development known as Addison Grove.
On the Map
$2,750,000
MultiFamily
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Players
Puyallup MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.77%
Cash-on-Cash
-1.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93