Listed by John L. Scott, Inc.
$719,950

116 & 118 173rd St E Spanaway, WA 98387

Estimated payment $4,357/month

6 Beds
6 Baths
2,782 Sq Ft
$259 Price per Sq Ft

Highlights

  • Territorial View
  • No HOA
  • Open Space
  • Engineered Wood Flooring
  • Patio
  • Forced Air Heating System

About This Home

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.

Listing Agent

Dean Pierce

John L. Scott, Inc. License #36379 Listed on: 04/24/2026

John L. Scott, Inc.

Co-Listing Agent

Josh Norris

John L. Scott, Inc. License #120522

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2512342

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,787

Year Built

  • Built in 2009

Lot Details

  • 10,650 Sq Ft Lot
  • Open Space
  • Property is Fully Fenced

Parking

  • 4 Car Garage

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Stone Siding
  • Stone

Interior Spaces

  • 2,782 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Engineered Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Outdoor Features

  • Patio

Schools

  • Spanaway Elementary School
  • Spanaway Jnr High Middle School
  • Spanaway Lake High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Lake Park Condos
  • Lake Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5025001079

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,787

Year Built

Built in 2009

Lot Details

10,650 Sq Ft Lot

Parking

4

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 52 - Duplex
  • Year Built: 2009
  • MLS Status: Active
  • Prev Status: Active
  • Building Name: Lake Park
  • New Construction: No
  • CalculatedSquareFootage: 2782
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Total Bedrooms: 6
  • Fireplace: No
  • Flooring: Ceramic Tile, Engineered Hardwood, Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Open Space, Paved
  • View: Yes
  • Waterfront: No
  • Construction Type: Cement, Stone, Wood
  • Exterior Features: Cement/Concrete, Stone, Wood
  • Foundation Details: Poured Concrete
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Garage Spaces: 4
  • Open Parking: No
  • Total Parking Spaces: 14

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: Fully Fenced
  • Cooling: None, Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Forced Air
  • Heating Yn: Yes
  • PowerCompany: Tacoma Public Utilities
  • SewerCompany: Septic
  • WaterCompany: Spanaway Water
  • CableConnected: Xfinity
  • InternetConnected: Xfinity

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Bethel
  • High School: Spanaway Lake High
  • Middle Or Junior School: Spanaway Jnr High

Lot Info

  • Parcel Number: 5025001079
  • Lot Size Acres: 0.2445
  • Lot Size Sq Ft: 10650
  • Zoning Description: Multi-Family
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Fully,Gas Available,High Speed Internet,Patio
  • MLSLotSizeSource: Realist

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • GrossRentMultiplier: 12.83
  • LeasedItems: None
  • TotalMonthlyIncome: 4675

Tax Info

  • Year: 2026
  • Tax Annual Amount: 6787

Multi Family

  • Number Of Units Total: 2
  • EnergySource: Electric,Natural Gas
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Spanaway Elem

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/24/2026 04/24/26 For Sale $719,950 -- $259 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Available
Warranty Deed $336,719 Cw Title
Warranty Deed -- Pst
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $235,900 New Conventional
Previous Owner $263,404 Construction
Source: Public Records

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2512342

Northwest Multiple Listing Service (NWMLS)

APN: 502500-1079

Washington Pierce County Spanaway 98387

116 & 118 173rd St E, Spanaway, WA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2026 NWMLS.
Based on information submitted to the MLS GRID
Listings courtesy of Northwest Multiple Listing Service (NWMLS) as distributed by MLS GRID

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Dean Pierce
Listing Agent
Dean Pierce
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John L. Scott, Inc.
(253) 600-4350
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