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17003 17009 16th Ave E, Spanaway, WA 98387

$556,000

Last sold 09/02/2025 for $603K

—
bed
—
bath
1,984
Sqft ($304/Sqft)

House not for sale

About 17003 17009 16th Ave E

Property type House

Neighborhood

Year built 1971

HOA fee $0/month

Lot size 0.28 Acre

Movoto estimate

Property description

Turn-key, single-story duplex—pride of ownership shows after many years of meticulous care by the current owner. Each spacious unit offers 3 bedrooms, 1 bath, in-unit washer/dryer, private fenced yard, and dedicated garage space. Situated on a flat .275-acre lot, the property has seen major updates including newer windows, flooring, interior updates, exterior paint, electrical panels, gutters, roof (~6 years old), water line, and driveway. An excellent investment opportunity (7.65% Market Cap Rate) or perfect for an owner-occupant seeking additional rental income. One unit is intentionally left vacant for easy showings or immediate move-in. Conveniently located on a quiet street close to schools, shopping, and amenities.

Listed by

Listing Agent - Charles Burnett

Listing Office - Real Broker LLC

Source: NWMLS

MLS#2404129 • last updated 1 year ago

Movoto checked NWMLS for data 5 minutes ago

Overview
Cooling/AC	None
Heating	Baseboard
Levels/Style	Duplex
MLS #	2404129
SubType	Multi Family
Type	Residential Income
SqFt	1984
Status	Sold
Lot Size (SqFt)	12000
Lot Size (Acres)	0.2755
Property Tax	5376
Buying Office	Engel & Voelkers North Tacoma
Year Built	1971
Buying Office Phone	206-651-7533
Condition	Good

Interior

Exterior
Foundation	Poured Concrete
Roof	Composition
# Open Parking Spaces	4
# Covered Spaces	2
# Parking Spaces	6
# Uncovered Spaces	4

Amenities / Utilities
Green Features: Energy Efficient	Thermal Windows
Sewer/ Septic	Septic Tank
Water	Public
Power Production: Type	Electric
Security Features	Partially Fenced
HOA Amenities	Energy Package, Thermal Windows

Location
View	Territorial
County	Pierce
Subdivision	Bethel
Area	99 - Spanaway
High School District	Bethel
APN	3485014751
Directions	22nd To 16th

Multifamily Details
Net Operating Income	46420
Capitalization Rate	7.65
Expense: Insurance	1100
Gross Scheduled Income	56100
Expense: Other	1200
Gross Adjusted Income	54996
Total Expenses	8576
Gross Rent Multiplier	11
Nwm_Totalmonthlyincome	4150
Vacancy Rate	2

Lot/ Land Details
Site Features	Fenced-Partially

$556K

Range: $489K-$622K

Last 30 days

Rental est.: $1,553/month

• Gross rent multiplier: 32.4

Lower your payment with the loan terms that fit you.

Sep 2025
MLS # 2404129
Sep 2, 2025 Sold
$603,000 (+1.3%)
Jul 31, 2025 Pending
—
Jul 26, 2025 Price Change
$595,000 (-2.0%)
Jul 8, 2025 Listed
$607,000 (-5.1%)
Jun 2025
MLS # 2392788
Jun 13, 2025 Listed
$639,950

17003 17009 16th Ave E
$603K
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
16921 16th Ave E, Spanaway, WA 98387	$458,000	4/2	1,628	0.02
17011 16th Ave E, Spanaway, WA 98387	$453,000	4/—	1,396	0.02
17004 17th Ave E, Spanaway, WA 98387	$486,000	4/1	1,680	0.02
17004 16th Ave E, Spanaway, WA 98387	$514,000	4/—	1,979	0.03
17017 16th Ave E, Spanaway, WA 98387	$460,000	3/2	1,334	0.03
17010 16th Ave E, Spanaway, WA 98387	$393,000	3/1	1,280	0.03
16922 17th Ave E, Spanaway, WA 98387	$382,000	3/1	1,011	0.03
16922 16th Ave E, Spanaway, WA 98387	$381,000	3/1	1,040	0.03

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