Listed by John L. Scott, Inc., Bought with Parkside Realty, LLC
NOT LISTED FOR SALE

122 & 124 173rd St E Spanaway, WA 98387

Spanaway Area

Estimated Value: $704,329

6 Beds
6 Baths
2,782 Sq Ft
$253/Sq Ft Est. Value

Highlights

  • Deck
  • No HOA
  • Ceramic Tile Flooring
  • Territorial View
  • Open Space
  • 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 #2512342.

Last Agent to Sell the Property

Dean Pierce

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

John L. Scott, Inc.

Co-Listed By

Josh Norris

John L. Scott, Inc. License #120522

Last Buyer's Agent

Lisa Racca

Parkside Realty, LLC License #26097

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2512341

Northwest Multiple Listing Service (NWMLS)

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,880

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

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Outdoor Features

  • Deck

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 5025001078

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,880

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: Sold
  • Standard Status: Closed
  • Building Name: Lake Park
  • New Construction: No
  • Structure Type: Duplex
  • CalculatedSquareFootage: 2782
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Total Bedrooms: 6
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate, 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

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: 5025001078
  • Lot Size Acres: 0.2445
  • Lot Size Sq Ft: 10650
  • Zoning Description: Multi-Family
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Fully,Gas Available,High Speed Internet
  • MLSLotSizeSource: Realist

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • GrossRentMultiplier: 13.79
  • LeasedItems: None
  • TotalMonthlyIncome: 4675

Tax Info

  • Year: 2026
  • Tax Annual Amount: 6880

Multi Family

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

MLS Schools

  • Elementary School: Spanaway Elem

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2026
Closed on
May 26, 2026
Sold by
122-124 173Rd St E Llc
Bought by
Seller's Agent
Dean Pierce
John L. Scott, Inc.
Buyer's Agent
Lisa Racca
Parkside Realty, LLC
List Price
$719,950
Sold Price
$705,000
Premium/Discount to List
-$14,950
-2.08%
Views
2
Current Estimated Value
$704,329

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$671
Avg. Annual Appreciation
-0.32%

Purchase Details

Closed on
Nov 25, 2015
Sold by
Gratzer Peter A and Gratzer Janet E
Bought by
122-124 173Rd E Llc

Purchase Details

Closed on
Mar 19, 2014
Sold by
Almond Dermann 173Rd Llc
Bought by
Gratzer Peter A and Gratzer Janet E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,900
Interest Rate
4.18%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 8, 2008
Sold by
Dermann Robert A and Dermann Donna A
Bought by
Almond Dermann 173Rd Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$263,414
Interest Rate
6.51%
Mortgage Type
Construction
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Spanaway, WA

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Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $6,880 $652,000 $195,300 $456,700
2025 $6,994 $611,700 $195,300 $416,400
2024 $6,876 $617,700 $181,300 $436,400
2023 $6,876 $593,400 $165,100 $428,300
2022 $6,648 $606,000 $165,100 $440,900
2021 $6,386 $458,300 $97,900 $360,400
2019 $4,548 $411,800 $81,100 $330,700
2018 $4,813 $377,800 $73,900 $303,900
2017 $4,504 $310,200 $64,800 $245,400
2016 $4,100 $278,400 $55,800 $222,600
2014 $3,681 $244,600 $51,200 $193,400
2013 $3,681 $227,000 $42,800 $184,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2512341

Northwest Multiple Listing Service (NWMLS)

APN: 502500-1078

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