22416 40th Avenue E Spanaway, WA $ 725,000
22416 40th Avenue E
$ 725,000
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22416 40th Avenue E

Spanaway, WA, 98387
$ 725,000
Baths0.0 Sq 3,420

Monthly Estimate*

$ 4,523

Listed by Redfin
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View a Virtual Tour
Studio

Multi-Family Home for sale in Spanaway, WA

for $725,000. This 3,420 square foot home was built in 1982 on a lot size of 0.45.

Don't miss this very well maintained triplex with a Brand New Roof! These townhouse style units are very desirable with updated kitchens and great living space! Two very generous sized bedrooms upstairs and full bath. Tenants love the covered front porch, private back porch and fully fenced back yard. There is an abundance of parking too! The financials are running strong at a 6.78% CAP and plenty of room for 7%+ with market rents. Don't miss the 3D Scan of each unit!

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Multi-Family Active

Price

$ 725,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 6,901

Style

Tri-plex

Lot Size

0.45

Year Built

1982

Town/City

Spanaway

County/Region

Pierce

MLS | Web ID

2451815

Features
General
Living Area 0
Sewer Septic Tank
Heating Baseboard
Cooling None
Possession Closing
Roof Composition
HOA Fee 0
Security Features Fully Fenced
Year Built 1982
View Territorial
Property Subtype Multi Family
Tax Year 2025
County Pierce
Net Operating Income 49161
Insurance Expense 2000
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Spanaway
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions GPS friendly
High School Buyer To Verify
City Spanaway
Senior Community Y/N N
High School District Bethel
Zoning Description Multi-Family
Open Parking Spaces 8
Number Of Units Total 3
MLS Area 122 - Graham
Lot Size Units Square Feet
Lot Size Square Feet 19600
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Out Conventional FHA VA Loan
Elementary School Buyer To Verify
Tax Annual Amount 6901
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Buyer To Verify
Public Remarks Don't miss this very well maintained triplex with a Brand New Roof! These townhouse style units are very desirable with updated kitchens and great living space! Two very generous sized bedrooms upsta
Leasable Area 3420
Virtual Tour https://vimeo.com/1136856631?share=copy&fl=sv&fe=ci
Structure Type Triplex
Building Area Units Square Feet
Standard Status Active
Water Company TPU
Units Below Grade false
Units In Building Total 3
Water Sewer Garbage 2700
Property Style 53 - Tri-plex
Cap Rate 6.78
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Exterior
Exterior Amenities Wood
Lot Features Paved
Water Source Public
Total Parking 8
Foundation Details Poured Concrete
Building Area Total 3420
Lot Size Acres 0.45
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Site Features Cable TV Fenced-Fully High Speed Internet
Parking Uncovered Spaces 8
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Interior
Flooring Vinyl Carpet
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N N
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 NWM2451815
Street Number 1 22416
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* Excluded Features
List By
Andrew Kramer

Listing Agent

Redfin

Broker

Affordability Calculator

$5,098
Per Month
89%
11%
0%
Monthly Principal & Interest
$4,523
Monthly Property Taxes
$575
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
12/4/2025$725,000 -6.45% Price Down
11/15/2025$775,000 Listed Price

Map


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22416 40th Avenue E, Spanaway, WA, 98387 is a Multi-Family Home for sale at $725,000 with 3,420 sqft and a lot size of 0.45. 22416 40th Avenue E is a studio with 0.0 baths and was built in 1982. The property's zip code is 98387 which is in Spanaway, WA