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

122 & 124 173rd St E Spanaway, WA 98387

Estimated payment $4,364/month

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

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.

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#: 2512341

Northwest Multiple Listing Service (NWMLS)

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: 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, 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
  • 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: 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

Map

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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 $263,414 Construction
Source: Public Records

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2512341

Northwest Multiple Listing Service (NWMLS)

APN: 502500-1078

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