116 173rd Street S, Spanaway, Wa 98387

WA, Spanaway
$3,200,000
  • 12,692 Sqft
  • Residential Income Property Type
  • 1968 Year Built
  • Expired Status
Property Description

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.

Source: NWMLS
Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 2287714
  • Price: $3,200,000
  • View: Mountain(s)
  • Square Footage: 12,692 Sqft
  • Year Built: 1968
  • Lot Area: 0.75 Acre
  • Status: Expired
  • Office Name: John L. Scott, Inc.
  • Agent Name: Cooper Carlson
  • Property Sub Type: Multi Family
  • Roof: Composition
Features
  • Heating System Baseboard
  • Cooling System None
  • Exterior Features Wood, Wood Products
  • Flooring Carpet, Vinyl
  • Sewer Septic Tank
Address Map
  • Country US
  • State WA
  • County Pierce
  • City Spanaway
  • Zipcode 98387
  • Street: 173rd
  • Street Number: 116
  • Street Suffix: Street
  • Longitude: W123° 34' 1''
  • Latitude: N47° 6' 0.2''
  • Directions: From Hwy 512 head South on Pacific Ave(Hwy7), Left of 173rd to complex on the right.
  • Mls Area Major: 99 - Spanaway
  • Street Dir Suffix: S
Neighborhood
  • Elementary School: Thompson Elem
  • High School: Spanaway Lake High
  • High School District: Bethel
  • Middle School: Spanaway Jnr High
Additional Information
  • Lot Size Dimensions: 203'x152'
  • Water Source: Public
  • Stories Total: 2
  • Possible Use: Multi-Family,Residential
  • On Market Date: 2024-09-06
  • Number Of Units Total: 13
  • Lot Features: Paved, Alley
  • Foundation Details: Poured Concrete
  • Construction Materials: Wood
Financial
  • Tax Annual Amount: 23023
Listing Information
  • List Agent Mls Id: 32971
  • List Office Mls Id: 905
  • Listing Term: Cash Out,Conventional
  • Mls Status: Expired
  • Modification Timestamp: 2026-01-01T08:29:20Z
  • Originating System Name: NWMLS
  • Special Listing Conditions: None
  • Status Change Timestamp: 2026-01-01T08:25:50Z
Rene  Orona
Rene Orona SKYLINE PROPERTIES, INC.
  • +1-425-891-8162
  • rene@brokerofrealestate.com
  • 50 116TH AVE SE STE 120 Bellevue, WA 98004, United States
  • +1-425-732-9211

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