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119 170th St E, Spanaway, WA 98387

$1,008,465
Last sold 06/30/2023 for $950K
—
bed
—
bath
3,744
Sqft ($254/Sqft)

House not for sale

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About 119 170th St E

Property type House

Neighborhood

Year built 1981

HOA fee $0/month

Lot size 0.29 Acre

Movoto estimate

Property description

Welcome to this incredible investment opportunity, this 4-plex is in a very convenient location just under 10 minutes you can get to JBLM, 512, I-5 and shopping centers all around. 4-plex offers a great amount of features and upgrades, all 4 units are just under 1,000sqft 2bed/1.5baths that have been renovated, large lot, new appliances, W/D hookup for lower units upstairs units have a coin-op laundry that stays, each unit has its own fully fenced back yard, exterior just repainted. All the hard work has been completed to provide a mostly maintenance free, income producing property. Bringing in $6,550 monthly with a cap rate just under 6.5%. you just can’t go wrong with this one. Please do not disturb tenants.

Listed by

Listing Agent - Joseph Layer

Listing Office - Gateway Real Estate

Source: NWMLS

MLS#2070791 • last updated 1 year ago

Movoto checked NWMLS for data 37 minutes ago

Overview
Cooling/AC	Insert
Levels/Style	Quadruplex
MLS #	2070791
SubType	Multi-Family
Type	Residential Income
SqFt	3744
Status	Sold
Lot Size (SqFt)	12425
Lot Size (Acres)	0.2852
Property Tax	8750
Year Built	1981
Buying Office Phone	425-227-9200
Condition	Good

Interior
Interior Features	Wall To Wall Carpet

Exterior
Roof	Composition
# Open Parking Spaces	8
# Parking Spaces	8
# Uncovered Spaces	8
Exterior Features	Wood Products

Amenities / Utilities
Sewer/ Septic	Septic Tank
Power Production: Type	Electric
Security Features	FullyFenced
HOA Amenities	Coin Op Laundry

Location
County	Pierce
Subdivision	Spanaway
Area	99 - Spanaway
High School District	Bethel
APN	502500-083-6

Multifamily Details
Net Operating Income	62746
Capitalization Rate	6.3
Expense: Insurance	1884
Expense: Electricity	960
Gross Scheduled Income	78000
Expense: Other	900
Gross Adjusted Income	69250
Total Expenses	15254
Gross Rent Multiplier	12.69
Nwm_Totalmonthlyincome	6550

Lot/ Land Details
Site Features	Cable TV, Fenced-Partially

$1M

Range: $907K-$1.1M

Last 30 days

Rental est.: $1,754/month

• Gross rent multiplier: 45.1

Lower your payment with the loan terms that fit you.

Jun 2023
Public Records
Jun 30, 2023 Sold
$950,000
Jun 2023
MLS # 2070791
Jun 30, 2023 Sold
$950,000 (-4.0%)
May 26, 2023 Pending
—
May 19, 2023 Listed
$990,000
Apr 2023
MLS # 2030135
Apr 18, 2023 Price Change
$990,000 (-0.5%)
Jan 24, 2023 Listed
$995,000 (+7.9%)
Apr 2022
Public Records
Apr 27, 2022 Sold
$922,000
Apr 2022
MLS # 1925161
Apr 27, 2022 Sold
$922,000
Apr 27, 2022 Listed
$922,000 (+174.6%)
Aug 2015
Public Records
Aug 10, 2015 Sold
$335,719
Aug 2015
MLS # 776985
Aug 10, 2015 Sold
$336,000 (-6.4%)
May 2, 2015 Pending
—
Apr 24, 2015 Listed
$359,000
Apr 23, 2015 Listed
$359,000 (+12.2%)
Feb 2006
Public Records
Feb 9, 2006 Sold
$320,000

119 170th St E
$950K
99 - Spanaway
—
98387
$517K -2% y/y
Spanaway
$518K -2% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
102 170th St E, Spanaway, WA 98387	$348,200	3/—	968	0.04
120 169th St E, Spanaway, WA 98387	$447,300	4/—	1,908	0.04
120 170th St E, Spanaway, WA 98387	$396,200	3/2	1,270	0.04
114 170th St E, Spanaway, WA 98387	$280,100	2/1	744	0.04
122 170th St E, Spanaway, WA 98387	$295,400	2/1	1,028	0.04
108 169th St E, Spanaway, WA 98387	$443,200	4/—	1,550	0.04
16911 A St S, Spanaway, WA 98387	$197,000	2/1	840	0.05
108 170th St E, Spanaway, WA 98387	$347,000	3/—	968	0.05

Estimated values are based on public record data and automated valuation models. Values are not guaranteed and may not reflect current market conditions.