22416 40th Ave E Spanaway, WA 98387
Estimated payment $4,374/month
Highlights
- Very Popular Property
- No HOA
- High Speed Internet
- Territorial View
- Baseboard Heating
- Property is Fully Fenced
About This Home
Don't miss this very well maintained triplex with a Brand New Roof! These townhouse style units are very desirable with updated kitchens and great living space! Two very generous sized bedrooms upstairs and full bath. Tenants love the covered front porch, private back porch and fully fenced back yard. There is an abundance of parking too! The financials are running strong at a 6.78% CAP and plenty of room for 7%+ with market rents. Don't miss the 3D Scan of each unit!
Listing Agent
Andrew Kramer
Redfin License #123030 Listed on: 11/14/2025
Co-Listing Agent
Joe Vego
Redfin License #130599
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2451815
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,901
Year Built
- Built in 1982
Lot Details
- 0.45 Acre Lot
- Property is Fully Fenced
Home Design
- Triplex
- Poured Concrete
- Composition Roof
- Wood Siding
Interior Spaces
- 3,420 Sq Ft Home
- 2-Story Property
- Territorial Views
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Bathrooms
Parking
- 8 Parking Spaces
- Open Parking
Utilities
- Baseboard Heating
- Septic Tank
- High Speed Internet
- Cable TV Available
Community Details
- No Home Owners Association
- Spanaway Subdivision
Listing and Financial Details
- Assessor Parcel Number 0318136006
Map
Home Values in the Area
Average Home Value in this Area
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 | $6,730 | $566,800 | $179,200 | $387,600 |
| 2024 | $6,730 | $567,000 | $172,100 | $394,900 |
| 2023 | $6,730 | $541,300 | $167,900 | $373,400 |
| 2022 | $6,499 | $539,600 | $179,200 | $360,400 |
| 2021 | $6,036 | $407,700 | $113,700 | $294,000 |
| 2019 | $4,157 | $358,900 | $96,500 | $262,400 |
| 2018 | $4,695 | $314,300 | $79,300 | $235,000 |
| 2017 | $4,148 | $281,800 | $62,000 | $219,800 |
| 2016 | $3,782 | $215,600 | $55,700 | $159,900 |
| 2014 | $3,480 | $208,600 | $51,100 | $157,500 |
| 2013 | $3,480 | $201,100 | $46,600 | $154,500 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/04/2025 12/04/25 | Price Changed | $725,000 | -6.5% | $212 / Sq Ft |
| 11/14/2025 11/14/25 | For Sale | $775,000 | -- | $227 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available |
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2451815
APN: 031813-6006
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Based on information submitted to the MLS GRID
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