Listed by Gateway Real Estate
$725,000
$25K PRICE DROP

211 167th Street Ct E Spanaway, WA 98387

Estimated payment $4,502/month

Total Views 2,011
5 Beds
3 Baths
2,582 Sq Ft
$281 Price per Sq Ft

Highlights

  • RV Access or Parking
  • Deck
  • No HOA
  • 0.55 Acre Lot
  • Territorial View
  • Baseboard Heating

About This Home

WOW! A Duplex and a Single-family house are all connected to the sewer on a BIG lot. Imagine the possibilities! 25K price drop! PLUS a nearly 7%+ cap rate! This centrally located duplex features 2 bedrooms and 1 bathroom on each side with full-size attached garages. The dwellings are situated on a 1/2+ acre lot. Newer roof. The interior boasts a separate dining area off the kitchen, appliances, fresh paint, new floor coverings, vaulted ceilings, spacious bay windows, track lighting, and a ceiling fan. Tons of parking for cars-boat or RV, fenced rear yard, mature landscaping, decking. The Single Family House is 1BR and 1 Bth and is situated on the other side of the lot. High-density lot presents an opportunity with potential upside!

Listing Agent

Jon Watson

Gateway Real Estate License #2592 Listed on: 07/06/2025

Gateway Real Estate

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2401667

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,613

Year Built

  • Built in 1996

Lot Details

  • 0.55 Acre Lot
  • Street terminates at a dead end
  • Partially Fenced Property
  • Property is in average condition

Home Design

  • Duplex
  • Concrete Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,582 Sq Ft Home
  • 1-Story Property
  • Territorial Views

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Parking

  • 12 Parking Spaces
  • 2 Covered Spaces
  • Open Parking
  • RV Access or Parking

Outdoor Features

  • Deck
  • Outbuilding

Utilities

  • Baseboard Heating
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Short Plat Condos
  • Spanaway Subdivision

Listing and Financial Details

  • Tax Lot Lot 2
  • Assessor Parcel Number 0319285011

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,613

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 52 - Duplex
  • Year Built: 1996
  • MLS Status: Active
  • Prev Status: Active
  • Building Name: Short Plat
  • New Construction: No
  • CalculatedSquareFootage: 2582
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 48

Interior Features

  • Possible Use: Residential, See Remarks
  • Total Bedrooms: 5
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Storage

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Dead End Street
  • View: Yes
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood
  • Foundation Details: Concrete Ribbon, Pillar/Post/Pier
  • Property Condition: Average
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 10
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 12
  • ParkingUncoveredSpaces: 10

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: Partially Fenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Fireplace Insert
  • Heating Yn: Yes
  • PowerCompany: Elmhurst
  • SewerCompany: Pierce County
  • WaterCompany: Spanaway
  • WaterSewerGarbage: 2257

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Bethel
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 0319285011
  • Lot Size Acres: 0.55
  • Lot Size: 23958
  • Lot Size Sq Ft: 23958
  • Zoning Description: Residential,See Remarks
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,Outbuildings,RV Parking
  • MLSLotSizeSource: Tax
  • MLSSquareFootageSource: Tax
  • ZoningJurisdiction: County
  • LotNumber: Lot 2

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 12.33
  • LeasedItems: None
  • TotalMonthlyIncome: 4900

Multi Family

  • Gross Scheduled Income: 58800
  • Net Operating Income: 48596
  • Number Of Units Total: 3
  • Insurance Expense: 1334
  • Leasable Area: 2582
  • EnergySource: Electric
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2024
  • Tax Annual Amount: 6613

MLS Schools

  • Elementary School: Buyer To Verify

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 $6,613 $579,600 $225,400 $354,200
2024 $6,613 $581,300 $209,300 $372,000
2023 $6,613 $554,800 $200,700 $354,100
2022 $6,372 $567,900 $200,700 $367,200
2021 $6,071 $422,900 $118,900 $304,000
2019 $4,337 $379,300 $98,500 $280,800
2018 $4,682 $346,800 $89,700 $257,100
2017 $4,335 $292,000 $78,800 $213,200
2016 $3,587 $253,600 $67,900 $185,700
2014 $1,593 $204,100 $62,300 $141,800
2013 $1,593 $187,000 $52,100 $134,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2025 08/08/25 Price Changed $725,000 -3.3% $281 / Sq Ft
07/06/2025 07/06/25 For Sale $750,000 -- $290 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $30,000 Commonwealth Title Company
Source: Public Records

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2401667

Northwest Multiple Listing Service (NWMLS)

APN: 031928-5011