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Exterior
Entry Way
Living
Other
Kitchen
Bedroom
Bath

16518 16th Avenue Ct E, Spanaway, WA 98387

$659,000

Last sold 03/16/2026 after 171 Days

—
bed
—
bath
1,932
Sqft ($341/Sqft)

House not for sale

About 16518 16th Avenue Ct E

Property type House

Neighborhood

Year built 1979

HOA fee $0/month

Lot size 0.6 Acre

Movoto estimate

Parking 2 garage spaces

Property description

Beautifully remodeled, single story duplex on a large 26,136 sg ft lot. Sitting on a quiet dead end street surrounded by well maintained homes. (may be subdividable, buyer must verify) Both units have beautiful brick FP. S.S. appliances, quartz counters, New waterproof laminate flooring. 2 spacious bedrooms with 1.25 baths. Vaulted ceilings and a open concept. It's the perfect set up for owner occupied with the neighbor paying the mortgage. New windows and new custom beveled and shake/shingle siding. Fresh paint and new fencing. Detached work shop. Room to build a large mancave garage. Both units offer private, large backyards. This is quality workmanship and close to everything. Must see!

Listed by

Listing Agent - Tom Byrne

Listing Office - Keller Williams Rty Tacoma

Source: NWMLS

MLS#2438757 • last updated 4 months ago

Movoto checked NWMLS for data 5 minutes ago

Overview
Levels/Style	Duplex
MLS #	2438757
SubType	Multi Family
Type	Residential Income
SqFt	1932
Status	Sold
Lot Size (SqFt)	26136
Lot Size (Acres)	0.6
Property Tax	5864
Buying Office	RE/MAX Integrity
Year Built	1979
Buying Office Phone	425-391-1997

Interior

Exterior
Foundation	Concrete Ribbon
Roof	Composition
# Open Parking Spaces	4
Parking Desc	RV Parking
# Garage Spaces	2
# Uncovered Spaces	4

Amenities / Utilities
Green Features: Energy Efficient	Thermal Windows
Sewer/ Septic	Septic Tank, Septic
Water	Public
Water Company	Spanaway Water
Power Company	Elmhurst
Power Production: Type	Electric
HOA Amenities	Storage, Thermal Windows

Location
County	Pierce
Subdivision	Spanaway
Area	99 - Spanaway
Elementary School	Buyer To Verify
Middle School	Buyer To Verify
High School District	Bethel
High School	Buyer To Verify
APN	319275002
Zoning	Residential

Multifamily Details
Net Operating Income	35682
Capitalization Rate	5.3
Expense: Insurance	1500
Expense: Electricity	1300
Gross Scheduled Income	47700
Gross Adjusted Income	46746
Total Expenses	11064
Gross Rent Multiplier	14
Nwm_Totalmonthlyincome	4025
Vacancy Rate	2

Lot/ Land Details
Site Features	Fenced-Fully, Fenced-Partially, Outbuildings, Patio, RV Parking, Shop

$643K

Range: $579K-$708K

Last 30 days

Rental est.: $1,553/month

• Gross rent multiplier: 35.4

Lower your payment with the loan terms that fit you.

Mar 2026
MLS # 2438757
Mar 16, 2026 Sold
$659,000
Feb 2, 2026 Pending
—
Oct 9, 2025 Price Change
$659,000 (-2.4%)
Sep 26, 2025 Listed
$675,000

16518 16th Avenue Ct E
$659K
99 - Spanaway
—
98387
$515K -1% y/y
Spanaway
$515K -1% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
16506 17th Ave E, Spanaway, WA 98387	$420,000	4/—	1,186	0.03
16616 16th Ave E, Spanaway, WA 98387	$510,000	3/2	1,816	0.03
16612 16th Ave E, Spanaway, WA 98387	$566,000	4/2	2,314	0.03
16512 17th Ave E, Spanaway, WA 98387	$419,000	4/—	1,178	0.03
16618 16th Ave E, Spanaway, WA 98387	$600,000	5/2	2,593	0.03
16502 17th Ave E, Spanaway, WA 98387	$423,000	4/—	1,206	0.04
16620 16th Ave E, Spanaway, WA 98387	$492,000	3/2	1,644	0.04
16610 16th Ave E, Spanaway, WA 98387	$501,000	3/2	1,775	0.04

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