Impeccably Maintained 13-Unit Complex Offering Strong Returns & Immediate Cash Flow Opportunities. Benefit from fresh exterior paint, new decking & updated septic risers. Recent updates for all units include electrical panels & water tanks. Several units have been upgraded with modern finishes: cabinets, countertops, appliances, trim & flooring. Additional features include, coin-operated laundry facility, 13 individual garage spaces, 5 storage units, rare & valuable amenities. Long-term tenants ensure steady cash flow, with units turning over quickly when they become available. Conveniently located to schools, shopping, JBLM & outdoor recreation, this is a prime opportunity to invest in a well-maintained property with long-term potential.
Active
Listed by:
Matthew Cooper Carlson,
John L. Scott, Inc.
$3,200,000
116 173rd Street S, Spanaway, WA 98387
25beds
13baths
12,692sqft
Est.:
Multi Family
Built in 1968
-- sqft lot
$-- Zestimate®
$252/sqft
$-- HOA
What's special
Modern finishesFresh exterior paint
- 357 days
- on Zillow |
- 128 |
- 8 |
Zillow last checked: 7 hours ago
Listing updated: March 31, 2025 at 04:43pm
Listed by:
Matthew Cooper Carlson,
John L. Scott, Inc.
Source: NWMLS,MLS#: 2287714

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 25
- Bathrooms: 13
Heating
- Baseboard, Electric
Cooling
- None
Features
- Flooring: Vinyl, Carpet
- Has fireplace: No
Interior area
- Total structure area: 12,692
- Total interior livable area: 12,692 sqft
Property
Parking
- Total spaces: 37
- Parking features: Open
- Covered spaces: 12
- Uncovered spaces: 25
Features
- Has view: Yes
- View description: Mountain(s)
Lot
- Size: 0.75 Acres
- Dimensions: 203' x 152'
Details
- Parcel number: 5025001461
- Zoning description: Multi-Family,Residential
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Siding, Wood Products
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Good
- Year built: 1968
- Major remodel year: 1994
Utilities & green energy
- Electric: Company: TPU
- Sewer: Septic Tank, Company: Septic
- Water: Public, Company: Spanaway
- Utilities for property: Xfinity, Xfinity
Community & HOA
Community
- Subdivision: Lake Park
Location
- Region: Spanaway
Financial & listing details
- Price per square foot: $252/sqft
- Tax assessed value: $2,074,100
- Annual tax amount: $23,023
- Date on market: 9/6/2024
- Cumulative days on market: 358 days
- Listing terms: Cash Out,Conventional
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