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  • Listed by: 

    Matthew Cooper Carlson,

    John L. Scott, Inc.

    $3,200,000

    116 173rd Street S, Spanaway, WA 98387

    25beds
    13baths
    12,692sqft
    : 
    Multi Family
    Built in 1968
    -- sqft lot
    $-- Zestimate®
    $252/sqft
    $-- HOA

    What's special

    Modern finishesFresh exterior paint
    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.
    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#: 2287714MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 116 173rd Street S.

    Next available tour time:Today at 12pm

    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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