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Sold on 08/15/2025

4305 224th St E, Spanaway, WA 98387

  • $683,000

    Last sold 08/15/2025 after 106 Days

  • —

    bed

  • —

    bath

  • 2,280

    Sqft ($300/Sqft)

House not for sale
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About 4305 224th St E

Property type House
Neighborhood
Year built 1986
HOA fee $0/month
Lot size 0.57 Acre
Movoto estimate
Property description
Great private duplex available for a willing investor. Owner is selling the duplex plus the lot next door to the North which is a good buildable lot (Buyer to verify) with an Easement from the main street. Both units are in decent condition. Both currently rented Month to Month at $1300/side. Tenants pay all utilities. All offers must be subject to inspection.
Listed by
Listing Agent - Denny L. Woyak
Listing Office - FirstPoint Real Estate LLC
Source: NWMLS mls logo
MLS#2368259 • last updated 8 months ago
Movoto checked NWMLS for data 10 minutes ago
Overview
Cooling/AC Forced Air
Heating Baseboard
Levels/Style Duplex
MLS # 2368259
SubType Multi Family
Type Residential Income
SqFt 2280
Status Sold
Lot Size (SqFt) 24706
Lot Size (Acres) 0.5672
Property Tax 5816
Buying Office Triwood Realty
Year Built 1986
Buying Office Phone 253-686-1967
Condition Good
Interior
Exterior
Foundation Poured Concrete
Roof Composition
Construction Wood
# Covered Spaces 1
# Parking Spaces 1
Amenities / Utilities
Sewer/ Septic Septic Tank, Septic
Water Public
Water Company Washington Water
Power Production: Type Electric
Location
County Pierce
Subdivision Bethel
Area 99 - Spanaway
High School District Bethel
APN 318123007
Zoning Residential
Directions From Meridian Go West On 224th To Driveway On The Right. Drive Down To Duplex On Left.
Multifamily Details
Net Operating Income 22884
Capitalization Rate 3.34
Expense: Insurance 2500
Gross Scheduled Income 31200
Gross Adjusted Income 31200
Total Expenses 8316
Gross Rent Multiplier 21.9
Nwm_Totalmonthlyincome 2600
$660K
Range: $594K-$726K
Last 30 days 
Rental est.: $1,194/month
Gross rent multiplier: 47.8
Powered By Movoto
  • May 2025
    mls logo MLS # 2368259
  • May 27, 2025 Pending
    —
  • May 1, 2025 Listed
    $684,950
  • 4305 224th St E
    $683K
  • 99 - Spanaway
    —
  • 98387
    $525K 0% y/y
  • Spanaway
    $525K 0% y/y
No chart available
Statistics calculated by Movoto

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4/10
Shining Mountain Elementary School
public Grades K-5
Bethel School District
5/10
Bethel Junior High School
public Grades 6-8
Bethel School District
6/10
Bethel High School
public Grades 9-12
Bethel School District
Source: GreatSchools.org © 2026. All rights reserved.

Around 99 - Spanaway

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