116 & 118 173rd Street E Spanaway, WA $ 719,950
116 & 118 173rd Street E
$ 719,950
Recently Listed
Share Save

116 & 118 173rd Street E

Spanaway, WA, 98387
$ 719,950
Baths0.0 Sq 2,782

Monthly Estimate*

$ 4,433

Listed by John L. Scott, Inc.
116 & 118 173rd Street E, Spanaway, WA 98387 - Image 1
116 & 118 173rd Street E, Spanaway, WA 98387 - Image 2
116 & 118 173rd Street E, Spanaway, WA 98387 - Image 3
116 & 118 173rd Street E, Spanaway, WA 98387 - Image 4
116 & 118 173rd Street E, Spanaway, WA 98387 - Image 5
116 & 118 173rd Street E, Spanaway, WA 98387 - Image 6
116 & 118 173rd Street E, Spanaway, WA 98387 - Image 7
116 & 118 173rd Street E, Spanaway, WA 98387 - Image 8
116 & 118 173rd Street E, Spanaway, WA 98387 - Image 9
116 & 118 173rd Street E, Spanaway, WA 98387 - Image 10
116 & 118 173rd Street E, Spanaway, WA 98387 - Image 11
116 & 118 173rd Street E, Spanaway, WA 98387 - Image 12
116 & 118 173rd Street E, Spanaway, WA 98387 - Image 13
116 & 118 173rd Street E, Spanaway, WA 98387 - Image 14
116 & 118 173rd Street E, Spanaway, WA 98387 - Image 15
116 & 118 173rd Street E, Spanaway, WA 98387 - Image 16
116 & 118 173rd Street E, Spanaway, WA 98387 - Image 17
116 & 118 173rd Street E, Spanaway, WA 98387 - Image 18
116 & 118 173rd Street E, Spanaway, WA 98387 - Image 19
116 & 118 173rd Street E, Spanaway, WA 98387 - Image 20
116 & 118 173rd Street E, Spanaway, WA 98387 - Image 21
Studio

Multi-Family Home for sale in Spanaway, WA

for $719,950. This 2,782 square foot home was built in 2009 on a lot size of 0.2445.

Exceptional duplex opportunity offering instant income with secure, long-term tenants already in place. Well cared for by long time owners, each spacious unit features 3 bedrooms, 2.5 bathrooms, and approximately 1,391 sqft with an open concept floor plan, higher end finishes, and excellent curb appeal. Interiors offer warm wood cabinetry, durable flooring, spacious kitchens, large living areas, and private fenced backyards ideal for tenants. This property is built for convenience and strong rental appeal with a two car garage plus abundant additional uncovered parking for tenants and guests. Long-term tenants provide immediate cash flow and added peace of mind for investors seeking stability. Conveniently located near Spanaway Lake, parks, shopping, dining, and within the Bethel School District, with easy access to Joint Base Lewis-McChord, Mountain Highway, and major commuter routes. A turnkey investment with strong tenant history, attractive finishes, and a prime location. This is one you won’t want to miss. ***Great opportunity to purchase both duplexes together! See additional duplex next door listed on the MLS #2512341.

See more

Multi-Family Active

Price

$ 719,950

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 6,787

Style

Duplex

Lot Size

0.2445

Year Built

2009

Town/City

Spanaway

County/Region

Pierce

MLS | Web ID

2512342

Features
General
Living Area 0
Sewer Septic Tank
Heating Forced Air
Cooling None Window Unit(s)
Possession Closing
Roof Composition
HOA Fee 0
Garage Spaces 4
Security Features Fully Fenced
Year Built 2009
View Territorial
Property Subtype Multi Family
Tax Year 2026
Building Name Lake Park
County Pierce
Net Operating Income 40735
Insurance Expense 2145.58
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Lake Park
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions GPS Friendly: Use 118 173rd St E Spanaway WA 98387. Head south on Pacific Ave/Hwy 7 then turn left onto 173rd St E.
High School Spanaway Lake High
City Spanaway
Senior Community Y/N N
High School District Bethel
Zoning Description Multi-Family
Number Of Units Total 2
MLS Area 99 - Spanaway
Lot Size Units Square Feet
Lot Size Square Feet 10650
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Conventional FHA VA Loan
Elementary School Spanaway Elem
Tax Annual Amount 6787
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Spanaway Jnr High
Public Remarks Exceptional duplex opportunity offering instant income with secure long-term tenants already in place. Well cared for by long time owners each spacious unit features 3 bedrooms 2.5 bathrooms and appr
Leasable Area 3606
Structure Type Duplex
Building Area Units Square Feet
Standard Status Active
Water Company Spanaway Water
Units Below Grade false
Water Sewer Garbage 0
Property Style 52 - Duplex
Cap Rate 5.66
See more
Exterior
Exterior Amenities Cement/Concrete Stone Wood
Lot Features Open Space Paved
Water Source Public
Total Parking 14
Foundation Details Poured Concrete
Building Area Total 2782
Lot Size Acres 0.2445
Waterfront Y/N N
Covered Spaces 4
Irrigation Water Rights Y/N N
Site Features Cable TV Fenced-Fully Gas Available High Speed Internet Patio
Parking Uncovered Total 10
See more
Interior
Flooring Ceramic Tile Engineered Hardwood Carpet
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric Natural Gas
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
See more
Internal Only
OriginalMLSID NWM2512342
Street Number 1 116
See more
* Excluded Features
List By
Dean C Pierce

Listing Agent

John L. Scott, Inc.

Broker

Affordability Calculator

$4,998
Per Month
89%
11%
0%
Monthly Principal & Interest
$4,433
Monthly Property Taxes
$566
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
3387824 Elementary School
258869 Middle School
Spanaway Lake High High School
Pricing History
DatePricePrice ChangeDescription
4/24/2026$719,950 Listed Price

Map


See all

116 & 118 173rd Street E, Spanaway, WA, 98387 is a Multi-Family Home for sale at $719,950 with 2,782 sqft and a lot size of 0.2445. 116 & 118 173rd Street E is a studio with 0.0 baths and was built in 2009. The property's zip code is 98387 which is in Spanaway, WA