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17216 17218 5th Ave E, Spanaway, WA 98387

$615,000
•
  • —

    bed

  • —

    bath

  • 1,998

    Sqft ($308/Sqft)

House for sale 1 hour
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About 17216 17218 5th Ave E

Property type House
Neighborhood
Year built 1981
HOA fee $0/month
Lot size 0.31 Acre
Movoto estimate
Parking 2 garage spaces
Property description
Established Duplex for Sale! This income-producing property offers a great investment opportunity with functional layouts and strong rental potential. Each unit features 2 bedrooms, 2 bathrooms, approximately 1,000 sq. ft. of living space, and an attached garage. A solid cash-flowing asset with comfortable, well-designed units that appeal to a variety of tenants.
Listed by
Listing Agent - Mike Severeid
Listing Office - eXp Realty
Source: NWMLS mls logo
MLS#2589205 • last updated 19 minutes ago
Movoto checked NWMLS for data 13 minutes ago
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Overview
Cooling/AC None
Levels/Style Duplex
MLS # 2589205
SubType Multi Family
Type Residential Income
SqFt 1998
Status Active
Lot Size (SqFt) 13460
Lot Size (Acres) 0.309
Property Tax 5638
Year Built 1981
Interior
Exterior
Roof Composition
Construction Wood
# Covered Spaces 2
# Parking Spaces 10
# Garage Spaces 2
# Uncovered Spaces 8
Amenities / Utilities
Sewer/ Septic Septic Tank, Septic
Water Public
Water Company Spanaway
Power Company TPU
Power Production: Type Electric
Location
County Pierce
Subdivision Spanaway
Area 99 - Spanaway
Elementary School Evergreen Elem
Middle School Cedarcrest Jnr High
High School District Bethel
High School Spanaway Lake High
APN 2618000060
Zoning Multi-Family
Multifamily Details
Net Operating Income 38162
Capitalization Rate 6.36
Expense: Insurance 1900
Gross Scheduled Income 46200
Expense: Other 500
Gross Adjusted Income 46200
Total Expenses 8038
Gross Rent Multiplier 12.98
Nwm_Totalmonthlyincome 3850
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4/10
Evergreen Elementary School
public Grades K-5
Bethel School District
3/10
Cedarcrest Jr High School
public Grades 6-8
Bethel School District
4/10
Spanaway Lake High School
public Grades 9-12
Bethel School District
Source: GreatSchools.org © 2026. All rights reserved.

Around 99 - Spanaway

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  • 17216 17218 5th Ave E

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