Listed by Real Broker LLC
$595,000
PENDING - BACKUP OFFER REQUESTED $12K PRICE DROP

17009 16th Ave E Spanaway, WA 98387

Estimated payment $3,734/month

Total Views 1,365
6 Beds
2 Baths
1,984 Sq Ft
$300 Price per Sq Ft

Highlights

  • Territorial View
  • Thermal Windows
  • Baseboard Heating
  • No HOA
  • Ceramic Tile Flooring
  • Partially Fenced Property

About This Home

Turn-key, single-story duplex—pride of ownership shows after many years of meticulous care by the current owner. Each spacious unit offers 3 bedrooms, 1 bath, in-unit washer/dryer, private fenced yard, and dedicated garage space. Situated on a flat .275-acre lot, the property has seen major updates including newer windows, flooring, interior updates, exterior paint, electrical panels, gutters, roof (~6 years old), water line, and driveway. An excellent investment opportunity (7.65% Market Cap Rate) or perfect for an owner-occupant seeking additional rental income. One unit is intentionally left vacant for easy showings or immediate move-in. Conveniently located on a quiet street close to schools, shopping, and amenities.

Listing Agent

Charles Burnett

Real Broker LLC License #50261 Listed on: 07/08/2025

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2404129

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,376

Year Built

  • Built in 1971

Lot Details

  • 0.28 Acre Lot
  • Partially Fenced Property
  • Property is in good condition

Home Design

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

Interior Spaces

  • 1,984 Sq Ft Home
  • 1-Story Property
  • Thermal Windows
  • Territorial Views

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Bathrooms

Parking

  • 6 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Utilities

  • Baseboard Heating
  • Septic Tank

Community Details

  • No Home Owners Association
  • Bethel Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3485014751

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,376

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 52 - Duplex
  • Year Built: 1971
  • MLS Status: Pending Inspection
  • Prev Status: Pending
  • New Construction: No
  • CalculatedSquareFootage: 1984
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 49

Interior Features

  • Possible Use: Multi-Family, Residential
  • Total Bedrooms: 6
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate, Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Energy Package,Thermal Windows

Exterior Features

  • Roof: Composition
  • View: Territorial
  • View: Yes
  • Waterfront: No
  • Construction Type: Stone, Wood
  • Exterior Features: Stone, Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: Partially Fenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • WaterSewerGarbage: 900

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Bethel

Lot Info

  • Parcel Number: 3485014751
  • Lot Size Acres: 0.2755
  • Lot Size Sq Ft: 12000
  • Zoning Description: Multi-Family,Residential
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist
  • ZoningJurisdiction: City

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 11
  • LeasedItems: None
  • TotalMonthlyIncome: 4150

Multi Family

  • Gross Scheduled Income: 56100
  • Net Operating Income: 46420
  • Number Of Units Total: 2
  • Insurance Expense: 1100
  • Leasable Area: 2680
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2025
  • Tax Annual Amount: 5376

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
2025 $5,176 $459,300 $195,000 $264,300
2024 $5,176 $465,900 $181,100 $284,800
2023 $5,176 $437,300 $164,800 $272,500
2022 $4,931 $444,900 $164,800 $280,100
2021 $4,698 $330,100 $97,700 $232,400
2019 $3,338 $296,500 $80,900 $215,600
2018 $3,547 $269,800 $73,700 $196,100
2017 $3,342 $223,100 $64,700 $158,400
2016 $3,021 $199,500 $55,700 $143,800
2014 $2,698 $176,000 $51,100 $124,900
2013 $2,698 $163,000 $42,700 $120,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2025 07/31/25 Pending -- -- --
07/26/2025 07/26/25 Price Changed $595,000 -2.0% $300 / Sq Ft
07/08/2025 07/08/25 For Sale $607,000 -- $306 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Mortgage History

Date Status Loan Amount Loan Type
Closed $54,000 Unknown
Source: Public Records

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2404129

Northwest Multiple Listing Service (NWMLS)

APN: 348501-4751

Washington Pierce County Spanaway 98387

17009 16th Ave E, Spanaway, WA

This home is located at 17009 16th Ave E, Spanaway, WA 98387 and is currently priced at $595,000, approximately $299 per square foot. This property was built in 1971. 17009 16th Ave E is a home located in Pierce County with nearby schools including Evergreen Elementary School, Cedarcrest Junior High School, and Spanaway Lake High School.

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Based on information submitted to the MLS GRID

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Charles Burnett
Listing Agent
Charles Burnett
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Real Broker LLC
(253) 733-0209