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Sold on 11/07/2024

218 169th St E, Spanaway, WA 98387

$410,000

Last sold 11/07/2024 for $595K

  • —

    bed

  • —

    bath

  • 2,688

    Sqft ($221/Sqft)

House not for sale
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About 218 169th St E

Property type House
Neighborhood
Year built 1964
HOA fee $0/month
Lot size 0.32 Acre
Movoto estimate
Property description
Don't let this exceptional investment opportunity pass you by! Presenting a multifamily duplex w/ ADU attached. Totaling 2,688 square feet. Unit A, situated at the front, features a cozy studio layout with 1 bedroom and 1 bathroom. Unit B offers spacious living with 3 bedrooms and 1 bathroom, while Unit C, located upstairs, offers 3 bedrooms, 1 bathroom, and a slider off the primary bedroom to a deck. Both Units A and C are fenced. And Units B and C are equipped with pellet stoves. Ideally situated close to all amenities.
Listed by
Listing Agent - Don M. Goethals
Listing Office - RE/MAX Extra Inc.
Source: NWMLS mls logo
MLS#2213480 • last updated 1 year ago
Movoto checked NWMLS for data 12 minutes ago
Overview
Cooling/AC None
Heating Forced Air
Levels/Style Duplex
MLS # 2213480
SubType Multi-Family
Type Residential Income
SqFt 2688
Status Sold
Lot Size (SqFt) 14000
Lot Size (Acres) 0.3214
Property Tax 5404
Buying Office EXp Realty
Year Built 1964
Buying Office Phone 888-317-5197
Condition Average
Interior
Exterior
Foundation Slab
Construction Standard Frame
# Open Parking Spaces 7
Parking Desc RV Parking
# Carport Spaces 1
# Parking Spaces 8
# Uncovered Spaces 7
Exterior Features Wood
Amenities / Utilities
Green Features: Energy Efficient Thermal Windows
Sewer/ Septic Sewer Connected, Septic
Water Public
Water Company Spanaway
Power Company TPU
Power Production: Type Electric, Pellet
Security Features PartiallyFenced
HOA Amenities Thermal Windows
Location
County Pierce
Subdivision Spanaway
Area 99 - Spanaway
Elementary School Thompson Elem
Middle School Spanaway Jnr High
High School District Bethel
High School Spanaway Lake High
APN 5025000462
Directions GPS Friendly
Zoning Multi-Family
Multifamily Details
Net Operating Income 42620
Capitalization Rate 6.76
Expense: Insurance 1596
Gross Scheduled Income 51420
Gross Adjusted Income 51420
Total Expenses 8800
Gross Rent Multiplier 51420
Nwm_Totalmonthlyincome 4285
Lot/ Land Details
Site Features Cable TV, Deck, Fenced-Fully, High Speed Internet, Outbuildings, Patio, RV Parking
$410K
Range: $278K-$541K
Last 30 days 
Rental est.: $1,574/month
Gross rent multiplier: 31.5
Powered By Movoto
  • Nov 2024
    mls logo MLS # 2213480
  • Nov 7, 2024 Sold
    $595,000 (-3.3%)
  • Apr 8, 2024 Pending
    —
  • Mar 25, 2024 Listed
    $625,000 (+418.2%)
  • Nov 2024
    Public Records
  • Nov 6, 2024 Sold
    $615,000 (-1.6%)
  • Oct 2009
    mls logo MLS # 29060018
  • Oct 29, 2009 Sold
    $120,620 (-3.4%)
  • Apr 28, 2009 Listed
    $124,900 (-25.0%)
  • Jul 2003
    Public Records
  • Jul 11, 2003 Sold
    $166,500
  • Jul 2003
    mls logo MLS # 23038216
  • Jul 11, 2003 Sold
    $166,500 (+7.8%)
  • Mar 18, 2003 Listed
    $154,500 (+7.7%)
  • Aug 2002
    mls logo MLS # 22071512
  • Aug 22, 2002 Canceled
    —
  • Jun 7, 2002 Listed
    $143,500
  • Year Property taxes Tax assessment
  • 2025
    $5,584 +3.3%
    $486,200 +5.93%
  • 2024
    $5,404 -0.1%
    $459,000 -1.73%
  • 2023
    $5,409 +4.9%
    $467,100 +19.59%
  • 2022
    $5,155 +4.7%
    $390,600 +12.4%
  • 2021
    $4,922 +41.9%
    $347,500 +12.17%
  • 2019
    $3,469 -6.6%
    $309,800 +9.94%
  • 2018
    $3,714 +6.9%
    $281,800 +19.97%
  • 2017
    $3,475 +11.2%
    $234,900 +12.72%
  • 2015
    $3,127
    $208,400
  • 218 169th St E
    $595K
  • 99 - Spanaway
    —
  • 98387
    $499K -4% y/y
  • Spanaway
    $499K -4% y/y
No chart available
Statistics calculated by Movoto
Est. value Bed/bath Sqft mi
224 169th St E, Spanaway, WA 98387 $539,000 3/— 2,228 0.01
210 169th St E, Spanaway, WA 98387 $525,000 4/— 1,932 0.02
228 169th St E, Spanaway, WA 98387 $491,000 2/1 1,607 0.03
204 169th St E, Spanaway, WA 98387 $399,000 1/1 1,074 0.03
213 169th St E, Spanaway, WA 98387 $379,000 3/2 1,144 0.04
232 169th St E, Spanaway, WA 98387 $498,000 3/2 1,576 0.04
217 170th St E, Spanaway, WA 98387 $433,000 3/1 1,306 0.04
211 170th St E, Spanaway, WA 98387 $433,000 3/1 1,306 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.

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5/10
Chester H Thompson Elementary School
public Grades K-5
Bethel School District
6/10
Spanaway Junior 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.

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