Listed by John L. Scott, Inc., Bought with Skyline Properties, Inc.
NOT LISTED FOR SALE

117 162nd St S Spanaway, WA 98387

8 Beds
4 Baths
3,536 Sq Ft
0.41 Acres

Last Sold September 21, 2022

Last sale price $855,000 $242 Per Sq Ft

98 Days on Market

Highlights

  • RV Access or Parking
  • Deck
  • Patio
  • 0.41 Acre Lot
  • No HOA
  • High Speed Internet

About This Home

As of September 2022

Well-maintained 4-plex with new exterior paint and gutters. Professionally managed with long-term tenants currently occupy these units that are renting for below market rate. Each unit includes: 2 bedrooms, 1 full bath, storage space, a kitchen area with granite counters, washer, dryer and a deck or patio area. Water heaters are strapped, fireplaces have been decommissioned, electrical panels were replaced in 2020, septic is regularly maintained and extensive landscaping was completed in 2021. Everyone has a place to park with 6 covered and 2 uncovered spaces. Whether you live in one unit and rent the others, or solely use this as your long-term investment, there's flexibility to grow your cash flow with this great opportunity!

Last Agent to Sell the Property

Matthew 'Cooper' Carlson

John L. Scott, Inc. License #21023161 Listed on: 05/12/2022

John L. Scott, Inc.

Last Buyer's Agent

Mohammad Kanso

Skyline Properties, Inc. License #131647

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1933070

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,497

Year Built

  • Built in 1979

Lot Details

  • 0.41 Acre Lot
  • Lot Dimensions are 125 x 142
  • Partially Fenced Property

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 3,536 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking
  • RV Access or Parking

Outdoor Features

  • Deck
  • Patio

Schools

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

Utilities

  • Septic Tank
  • Septic System
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Spanaway Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5025002371

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,497

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1979
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3536
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Storage

Exterior Features

  • Roof: Composition
  • Lot Features: Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Spaces: 6
  • Carport Y N: No
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Septic System, Electric
  • PowerCompany: Elmhurst Mutual
  • SewerCompany: Septic
  • WaterCompany: Spanaway Water
  • WaterSewerGarbage: 3650

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: 5025002371
  • Lot Size Acres: 0.4075
  • Lot Size: 125 x 142
  • Lot Size Sq Ft: 17750
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,High Speed Internet,Patio,RV Parking
  • MLSLotSizeSource: Public Records
  • ZoningJurisdiction: County
  • ZoningClass: Multi-Family,Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 17
  • LeasedItems: None
  • TotalMonthlyIncome: 4670

Multi Family

  • Gross Scheduled Income: 52924
  • Net Operating Income: 38257
  • Number Of Units Total: 4
  • Insurance Expense: 2081
  • Leasable Area: 3536
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2021
  • Tax Annual Amount: 6497

MLS Schools

  • Elementary School: Thompson Elem

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 Change Sq Ft Price
09/21/2022 09/21/22 Sold $855,000 -5.0% $242 / Sq Ft
08/18/2022 08/18/22 Pending -- -- --
05/12/2022 05/12/22 For Sale $900,000 -- $255 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Matthew 'Cooper' Carlson

    Seller's Agent in 2022

    Matthew 'Cooper' Carlson

    John L Scott

    (253) 315-2347

    4 in this area

    61 Total Sales

    Matthew 'Cooper' Carlson
    Section Image

  • M

    Buyer's Agent in 2022

    Mohammad Kanso

    Skyline Properties, Inc

    (206) 883-5887

    1 in this area

    22 Total Sales

    Mohammad Kanso
    Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1933070

Northwest Multiple Listing Service (NWMLS)

APN: 502500-237-1

Washington Pierce County Spanaway 98387

117 162nd St S, Spanaway, WA

This home is located at 117 162nd St S, Spanaway, WA 98387 since 12 May 2022. This property was built in 1979. 117 162nd St S is a home located in Pierce County with nearby schools including Chester H. Thompson Elementary School, Spanaway Middle School, and Spanaway Lake High School.

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. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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