$795,999
20106 2nd Ave E, Spanaway, WA 98387
Undeniably one of the best investments on the market! This is the chance to own your own mobile home park! 5 mobile home spots, 5 septic's, 4 homes existing in culdesac, 1 of them is owned by park. One site is ready for new home! 2 wells shared. Put a brand new home for yourself on the large vacant area! Or put a whole new community in. 3 tax parcels.
Sherrie Sells RE/MAX Realty South
Explore Spanaway
$590,000
111 113 175th St S, Spanaway, WA 98387
Well-maintained, single-story duplex. Each unit offers two bedrooms, one bath, 940 sq ft, a fenced yard, and a garage. Situated on a flat 326-acre lot, both units are nicely updated. Photos show unit 111. 113 has similar updates. W/D utility area off the kitchen. New roof in 2019, new gutters & downspouts in 2021. Unit 111 is now vacant for easy showings or immediate move-in. Freshly painted,
Teri Camus Best Choice Realty LLC
$724,999
523 159th St E, Tacoma, WA 98445
An investors dream! Come buy your newly renovated duplex in the heart of the Bethel district! Newly updated flooring and stainless-steel appliances await you in this beautifully renovated duplex. Each unit comes with two beds and one bath and also includes a sunken living room with a beautiful fireplace. Huge kitchen with tons of eating and counter space + tons of natural light. Outside has a
Malik Sims COMPASS
$1,180,000
915 917 173rd St S, Spanaway, WA 98387
Unique Spanaway Lake property, .77 acres, 100 sq ft of lakefront. 2 homes. 915 - lakefront 1,216 sq ft, 3 bedrooms, bath and a half, one story, gas insert, new wall heaters, new floors and windows, renovated bath, sunporch, 1,200 sq ft shop, 400 sq ft toolshed. 917 - 1,236 sq ft, 2 bedrooms, bath and 3/4, story and a half, new floors and windows. All buildings have new roofs and gutters. New
Carolyn Mowatt Northwest Home Sales
$709,950
418 170th St S, Spanaway, WA 98387
Owner occupied/Investors. Seller has put in almost $75,000 into remodel. Worth looking at and still time to pick out carpet color. NEW.. kitchen and bathroom cabinets, doors, casing and baseboards, laminated flooring, tub, shower pan, tile. paint and appliances.
Anthony Venturi Vision Accomplished, LLC
$1,150,000
15304 9th Ave E, Tacoma, WA 98445
Possible owner financing with interest only payment option available. This property offers an ideal income generating opportunity w/5.18% cap rate. All new kitchen cabinets w/soft close. New quartz counters, new stainless steel appliances, some new bathroom vanities, new flooring thru-out, new paint, new plumbing. Situated on a tranquil dead-end street. Each units 2 bedroom w/Den or use as 3rd
Robert Lussier Better Properties Real Estate
$3,200,000
116 173rd St S, Spanaway, WA 98387
Impeccably Maintained 13-Unit Complex Offering Strong Returns & Immediate Cash Flow Opportunities. Benefit from fresh exterior paint, new decking & updated septic risers. Recent updates for all units include electrical panels & water tanks. Several units have been upgraded with modern finishes: cabinets, countertops, appliances, trim & flooring. Additional features include, coin-operated laundry
Matthew 'Cooper' Carlson John L. Scott, Inc.
$639,998
15105 15th Ave E, Parkland, WA 98445
Live, Rent, or Invest! This 1,129 sq. ft. duplex features two 2 bed/1.5 bath units, each with a fireplace, private patio, and garage. Fully fenced on a quiet dead-end street. Live in one & rent the other, or rent both for instant income + long-term equity. Close to schools, shopping, and commuter routes. Leases in place with long term tenants. FHA, VA, Conventional financing welcome. Perfect for
Francisco Dictado KW Lake Washington So
$659,998
15109 15th Ave E, Parkland, WA 98445
Updated Duplex – Live, Rent, or Invest! This 1,120 sq. ft. duplex features two 2 bed/1.5 bath units, each with a fireplace, private patio, washer/dryer and garage. Fully fenced .6-acre lot on a quiet dead-end street. Live in one & rent the other, or rent both for instant income + long-term equity. Close to schools, shopping, and commuter routes. FHA, VA, Conventional financing welcome. Leases in
Francisco Dictado KW Lake Washington So
Spanaway, WA, is a small city located 10 miles from Tacoma, nestled around the 250-acre Spanaway Lake. With a population of just over 34,000, it offers a small-town feel and is adjacent to Joint Base Lewis-McChord (JBLM), contributing to a strong military presence. Many residents work in healthcare at MultiCare hospitals and clinics. Spanaway shares a border with Parkland, providing access to walking trails through surrounding woods. The housing market in Spanaway is more affordable compared to Tacoma, with lakefront homes featuring private boat docks and a variety of styles including ranch-style, Craftsman-inspired, and split-level homes. Spanaway Park is the main public access to the lake, offering paddle boat rentals and a fishing dock, though the dock is under construction until early 2025. Nearby, Sprinker Recreation Center boasts an NHL regulation skating rink, skate park, and sports fields, while Bresemann Forest offers walking trails through a 70-acre wooded area. Dining options along Route 7 include diverse restaurants, particularly Asian cuisine, and national retailers. For more extensive shopping, residents visit Tacoma Mall, the largest shopping center in Pierce County. The Bethel School District serves local students, with virtual learning available through Bethel Virtual Academy. Higher education institutions like Pacific Lutheran University and Clover Park Technical College are within a short drive. Spanaway's connectivity includes State Route 512 and Route 7, leading to Tacoma and Seattle-Tacoma International Airport, 33 miles away. Law enforcement by the Pierce County Sheriff’s Department reports lower crime rates compared to the county average. However, residents experience noise from JBLM's artillery training and military flights.
On average, homes in Spanaway, WA sell after 43 days on the market compared to the national average of 52 days. The median sale price for homes in Spanaway, WA over the last 12 months is $505,000, up 2% from the median home sale price over the previous 12 months.
In Spanaway, there are currently 9 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $590,000 to $3,200,000, there's a range to accomodate every budget. As of September, 2025 the median home price in Spanaway is $520,000, while the average sale price is $530,321, offering insights into the local housing market. On average, multi-family homes spend 43 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Spanaway, WA.
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