Movoto Real Estate
Sold on 05/08/2026
  • Exterior
  • View/Area
  • Other
  • Dining
  • Kitchen
  • Bedroom
  • Bath

116 118 173rd St E, Spanaway, WA 98387

  • $714,950

    Last sold 05/08/2026 after 14 Days

  • bed

  • bath

  • 2,782

    Sqft ($257/Sqft)

House not for sale
Learn about Spanaway's top local Real Estate agents

About 116 118 173rd St E

Property type House
Neighborhood
Year built 2009
HOA fee $0/month
Lot size 10,650 Sqft
Movoto estimate
Parking 4 garage spaces
Property description
Exceptional duplex opportunity offering instant income with secure, long-term tenants already in place. Well cared for by long time owners, each spacious unit features 3 bedrooms, 2.5 bathrooms, and approximately 1,391 sqft with an open concept floor plan, higher end finishes, and excellent curb appeal. Interiors offer warm wood cabinetry, durable flooring, spacious kitchens, large living areas, and private fenced backyards ideal for tenants. This property is built for convenience and strong rental appeal with a two car garage plus abundant additional uncovered parking for tenants and guests. Long-term tenants provide immediate cash flow and added peace of mind for investors seeking stability. Conveniently located near Spanaway Lake, parks, shopping, dining, and within the Bethel School District, with easy access to Joint Base Lewis-McChord, Mountain Highway, and major commuter routes. A turnkey investment with strong tenant history, attractive finishes, and a prime location. This is one you won’t want to miss. ***Great opportunity to purchase both duplexes together! See additional duplex next door listed on the MLS #2512341.
Listed by
Listing Agent - Dean C Pierce
Listing Office - John L. Scott, Inc.
Source: NWMLS mls logo
MLS#2512342 • last updated 6 days ago
Movoto checked NWMLS for data 17 minutes ago
Overview
Heating Forced Air
Levels/Style Duplex
MLS # 2512342
SubType Multi Family
Type Residential Income
SqFt 2782
Status Sold
Lot Size (SqFt) 10650
Lot Size (Acres) 0.2445
Property Tax 6787
Year Built 2009
Buying Office Phone 253-405-1791
Interior
Exterior
Foundation Poured Concrete
Roof Composition
# Covered Spaces 4
# Parking Spaces 14
# Garage Spaces 4
# Uncovered Spaces 10
Amenities / Utilities
Sewer/ Septic Septic Tank, Septic
Water Public
Water Company Spanaway Water
Power Company Tacoma Public Utilities
Power Production: Type Electric, Natural Gas
Security Features Fully Fenced
Location
View Territorial
County Pierce
Subdivision Lake Park
Area 99 - Spanaway
Elementary School Spanaway Elem
Middle School Spanaway Jnr High
High School District Bethel
High School Spanaway Lake High
APN 5025001079
Zoning Multi-Family
Multifamily Details
Net Operating Income 40735
Capitalization Rate 5.66
Expense: Insurance 2145.58
Gross Scheduled Income 56100
Expense: Other 6432
Gross Adjusted Income 56100
Total Expenses 15364.58
Gross Rent Multiplier 12.83
Nwm_Totalmonthlyincome 4675
Lot/ Land Details
Site Features Cable TV, Fenced-Fully, Gas Available, High Speed Internet, Patio
$713K
Range: $641K-$784K
Last 30 days 
Rental est.: $1,194/month
Gross rent multiplier: 50.2
Powered By Movoto
  • May 2026
    mls logo MLS # 2512342
  • May 8, 2026 Sold
    $714,950 (-0.7%)
  • Apr 25, 2026 Pending
  • Apr 24, 2026 Listed
    $719,950 (+113.6%)
  • Mar 2014
    mls logo MLS # 522133
  • Mar 20, 2014 Sold
    $337,000 (-0.9%)
  • Jul 25, 2013 Listed
    $340,000
  • 116 118 173rd St E
    $714K
  • 99 - Spanaway
  • 98387
    $525K 0% y/y
  • Spanaway
    $525K 0% y/y
No chart available
Statistics calculated by Movoto

Thinking of selling? Get a Cash Offer.

  • A smooth, fast sale
  • Skip staging and repairs
  • No strings attached
5/10
6/10
4/10
Source: GreatSchools.org © 2026. All rights reserved.

Around 99 - Spanaway

Explore everything this neighborhood has to offer.
By entering my info and clicking Ask a Question below, I am providing my e-signature and express written consent to receive marketing emails, calls, and texts (including via automatic telephone dialing systems, AI generative, artificial or pre-recorded voice technology) relating to my inquiry from Movoto (and parties calling/messaging on their behalf) even if my number appears on the company, state, or national Do Not Call Registry. You also agree to ourTerms and Conditions and Privacy Policy. Consent not required to receive services (call 1-844-420-1270 to be connected without providing consent).

Nearby recently sold homes in Spanaway, WA

Nearby homes for sale in Spanaway, WA

Newest listings in 98387

  • Real Estate
  • WA
  • Pierce County
  • Spanaway
  • 98387
  • 116 118 173rd St E
Meet with a real estate agent today (844) 430-0869
The multiple listing information is provided by NWMLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information updated every 15 minutes. Terms of use & Privacy Policy, California Privacy Info. Copyright © 2005 - 2026 Movoto, Inc. All rights reserved. Equal Housing Opportunity CalDRE CalDRE #01517281
Movoto Real Estate is committed to ensuring accessibility for individuals with disabilities. We are continuously working to improve the accessibility of our web experience for everyone. We welcome feedback and accommodation requests, please submit them here.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. All listings featuring the "three tree" icon are provided courtesy of the Northwest Multiple Listing Service (NWMLS).
DMCA Notice
Requests for information regarding mortgage products will be directed to Movoto.com affiliate, Lower, LLC - a licensed Mortgage Lender (NMLS #1124061), or, based on your location, may be redirected to a participating mortgage marketing partner that may pay Lower, LLC for any consumer contact information provided through this site.