16518 16th Avenue Ct E Spanaway, WA $ 659,000
16518 16th Avenue Ct E
$ 659,000
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16518 16th Avenue Ct E

Spanaway, WA, 98387
$ 659,000
Baths0.0 Sq 1,932

Monthly Estimate*

$ 4,111

Listed by Keller Williams Rty Tacoma
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Studio

Multi-Family Home for sale in Spanaway, WA

for $659,000. This 1,932 square foot home was built in 1979 on a lot size of 0.6.

Beautifully remodeled, single story duplex on a large 26,136 sg ft lot. Sitting on a quiet dead end street surrounded by well maintained homes. (may be subdividable, buyer must verify) Both units have beautiful brick FP. S.S. appliances, quartz counters, New waterproof laminate flooring. 2 spacious bedrooms with 1.25 baths. Vaulted ceilings and a open concept. It's the perfect set up for owner occupied with the neighbor paying the mortgage. New windows and new custom beveled and shake/shingle siding. Fresh paint and new fencing. Detached work shop. Room to build a large mancave garage. Both units offer private, large backyards. This is quality workmanship and close to everything. Must see!

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Multi-Family Active

Price

$ 659,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 5,864

Style

Duplex

Lot Size

0.6

Year Built

1979

Town/City

Spanaway

County/Region

Pierce

MLS | Web ID

2438757

Features
General
Living Area 0
Sewer Septic Tank
Heating 90%+ High Efficiency Forced Air Heat Pump
Cooling Central A/C Forced Air Heat Pump
Possession Closing Subject to Tenant Rights
Roof Composition
HOA Fee 0
Security Features Fully Fenced Partially Fenced
Year Built 1979
Property Subtype Multi Family
Tax Year 2025
County Pierce
Net Operating Income 35682
Insurance Expense 1500
New Construction N
Property Type Residential Income
HOA N
Energy Efficient Thermal Windows
Subdivision Name Spanaway
Possible Use Residential
Special Listing Conditions None
Status Active
Directions From Pacific Ave East on 168th St to 16th Ave Ct E turn left follow down to home on the left.
High School Buyer To Verify
City Spanaway
Senior Community Y/N N
High School District Bethel
Zoning Description Residential
Open Parking Spaces 4
Number Of Units Total 2
MLS Area 99 - Spanaway
Lot Size Units Square Feet
Lot Size Square Feet 26136
Carport Spaces 0
Carport Y/N N
Listing Terms Conventional FHA VA Loan
Elementary School Buyer To Verify
Tax Annual Amount 5864
Electric Expense 1300
Fuel Expense 0
Middle/Junior High School Buyer To Verify
Public Remarks Beautifully remodeled single story duplex on a large 26 136 sg ft lot. Sitting on a quiet dead end street surrounded by well maintained homes. (may be subdividable buyer must verify) Both units have
Leasable Area 2548
Structure Type Duplex
Building Area Units Square Feet
Standard Status Active
Amenities Storage Thermal Windows
Water Company Spanaway Water
Units Below Grade false
Units In Building Total 2
Water Sewer Garbage 2400
Property Style 52 - Duplex
Cap Rate 5.3
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Exterior
Exterior Amenities Cement Planked Wood Products
Parking Features RV Parking
Lot Features Dead End Street Paved Secluded
Water Source Public
Total Parking 6
Foundation Details Concrete Ribbon
Building Area Total 1932
Lot Dimensions 261X100
Lot Size Acres 0.6
Waterfront Y/N N
Covered Spaces 2
Irrigation Water Rights Y/N N
Site Features Fenced-Fully Fenced-Partially Outbuildings Patio RV Parking Shop
Parking Uncovered Spaces 4
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Interior
Flooring Ceramic Tile Laminate Carpet
Total Fireplaces 0
Total Stories 1
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2438757
Street Number 1 16518
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* Excluded Features
List By
Tom Byrne

Listing Agent

Keller Williams Rty Tacoma

Broker

Affordability Calculator

$4,600
Per Month
89%
11%
0%
Monthly Principal & Interest
$4,111
Monthly Property Taxes
$489
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3100574 Elementary School
3100458 Middle School
Buyer To Verify High School High School
Pricing History
DatePricePrice ChangeDescription
10/9/2025$659,000 -2.37% Price Down
9/26/2025$675,000 Listed Price

Map


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16518 16th Avenue Ct E, Spanaway, WA, 98387 is a Multi-Family Home for sale at $659,000 with 1,932 sqft and a lot size of 0.6. 16518 16th Avenue Ct E is a studio with 0.0 baths and was built in 1979. The property's zip code is 98387 which is in Spanaway, WA