Listed by Paramount Real Estate Group
$750,000

16303 Park Ave S Unit 1-2 Spanaway, WA 98387

Estimated payment $4,791/month

Total Views 145
4 Beds
6 Baths
3,342 Sq Ft
$224 Price per Sq Ft

Highlights

  • Corner Lot
  • Thermal Windows
  • High Speed Internet
  • No HOA
  • Patio
  • Property is in very good condition

About This Home

Better than new! This spacious duplex offers 3 beds, 2.5 baths per side with 1,662 sq ft each—3,324 sq ft total! Just minutes from military bases, it's ideal for investment or multi-gen living. Both units feature laminate hardwood, electric fireplaces, fully fenced yards, and all appliances in like-new condition. One-unit shines with brand-new carpet, paint, flooring, and blinds. Bonus: RV parking and only 1 block from an elementary school. Rare opportunity—move-in ready and impeccably maintained!

Listing Agent

Andrew Welch

Paramount Real Estate Group License #17782

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2371209

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,582

Year Built

  • Built in 2008

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 75x150
  • Property is Fully Fenced
  • Corner Lot
  • Property is in very good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 3,342 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 6 Bathrooms

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Open Parking

Outdoor Features

  • Patio
  • Outbuilding

Schools

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

Utilities

  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Community Details

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

Listing and Financial Details

  • Legal Lot and Block 22,23,24 / 55
  • Assessor Parcel Number 5025004854

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,582

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 52 - Duplex
  • Year Built: 2008
  • MLS Status: Active
  • Prev Status: Active
  • Building Name: Lake Park
  • New Construction: No
  • CalculatedSquareFootage: 3342
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Multi-Family
  • Possible Bedrooms: 4
  • Total Bedrooms: 4
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Thermal Windows

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating Yn: Yes
  • PowerCompany: Elmhurst
  • SewerCompany: Septic
  • WaterCompany: Spanaway
  • CableConnected: Xfinity
  • InternetConnected: Xfinity
  • WaterSewerGarbage: 1316

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee Frequency: Not Applicable
  • Association: No

Fee Information

  • NWM_OtherDuesOrFeesYN: false

Schools

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

Lot Info

  • Parcel Number: 5025004854
  • Lot Size Acres: 0.2583
  • Lot Size: 75x150
  • Lot Size Sq Ft: 11252
  • Zoning Description: Multi-Family
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Fully,High Speed Internet,Outbuildings,Patio
  • MLSLotSizeSource: Tax Records
  • MLSSquareFootageSource: Tax Records
  • ZoningJurisdiction: County
  • LotNumber: 22,23,24

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 14
  • LeasedItems: None
  • TotalMonthlyIncome: 0

Multi Family

  • Gross Scheduled Income: 53400
  • Net Operating Income: 50188
  • Number Of Units Total: 2
  • Insurance Expense: 1451
  • Leasable Area: 3342
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2024
  • Tax Annual Amount: 7582

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

Tax History

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
2024 $7,852 $708,000 $190,100 $517,900
2023 $7,852 $683,400 $173,600 $509,800
2022 $7,539 $727,200 $173,600 $553,600
2021 $6,925 $498,600 $100,600 $398,000
2019 $4,902 $421,700 $85,300 $336,400
2018 $4,761 $408,700 $76,500 $332,200
2017 $4,761 $349,600 $64,200 $285,400
2016 $4,523 $312,700 $48,800 $263,900
2014 $3,517 $275,900 $47,900 $228,000
2013 $3,517 $234,300 $41,900 $192,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/10/2025 05/10/25 For Sale $750,000 -- $224 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Available
Warranty Deed $340,000 Fidelity National Title Comp
Quit Claim Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $187,500 New Conventional
Previous Owner $299,950 Unknown
Previous Owner $315,000 Unknown
Source: Public Records

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2371209

Northwest Multiple Listing Service (NWMLS)

APN: 502500-4854