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116 173rd Street S

Spanaway, WA 98387
  • $3,200,000
  • STATUS: Active
  • MLS #: 2287714
UPDATED: 37 min ago
$3,200,000
  • 0
    BEDS
  • 0.75
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 12,692
    SQFT
  • $252
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1968
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:
Northwest MLS logo Listing information ©2025 Northwest MLS. Listing courtesy of John L. Scott, Inc..
Mortgage Calculator is provided by BoomTown.

Description

Impeccably Maintained 13-Unit Complex Offering Strong Returns & Immediate Cash Flow Opportunities. Benefit from fresh exterior paint, new decking & updated septic risers. Recent updates for all units include electrical panels & water tanks. Several units have been upgraded with modern finishes: cabinets, countertops, appliances, trim & flooring. Additional features include, coin-operated laundry facility, 13 individual garage spaces, 5 storage units, rare & valuable amenities. Long-term tenants ensure steady cash flow, with units turning over quickly when they become available. Conveniently located to schools, shopping, JBLM & outdoor recreation, this is a prime opportunity to invest in a well-maintained property with long-term potential.

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IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Keller Williams Spokane are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2025-11-07T16:16:08.89. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2025-11-07T16:16:08.89. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.communityrealestategroup.com/homes/154833240
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116 173rd Street S Spanaway, WA 98387

  • Price: $3,200,000
  • Status: Active
  • On Site: Days
  • Updated: 37 min ago
  • MLS #: 2287714
0
Beds
0
Baths
0
½ Baths
0.75
Acres
12,692
SQFT
$252
$/SQFT
1968
Built
Neighborhood:
Lake Park
County:
Pierce
Area:
Spanaway
Elementary School:
Thompson Elem
Middle School:
Spanaway Jnr High
High School:
Spanaway Lake High
School District:
Bethel
Property Description
Impeccably Maintained 13-Unit Complex Offering Strong Returns & Immediate Cash Flow Opportunities. Benefit from fresh exterior paint, new decking & updated septic risers. Recent updates for all units include electrical panels & water tanks. Several units have been upgraded with modern finishes: cabinets, countertops, appliances, trim & flooring. Additional features include, coin-operated laundry facility, 13 individual garage spaces, 5 storage units, rare & valuable amenities. Long-term tenants ensure steady cash flow, with units turning over quickly when they become available. Conveniently located to schools, shopping, JBLM & outdoor recreation, this is a prime opportunity to invest in a well-maintained property with long-term potential.
Exterior Features

Carport Spaces 0 Carport YN No Covered Spaces 12 Exterior Features WoodWood Products Lot Features AlleyPaved Lot Size Dimensions 203'x152' Open Parking Spaces 25 Open Parking YN Yes Parking Total 37 Parking Uncovered Spaces 25 Roof Composition Structure Type Multi Family Style Code 56 - 10+ Units View Mountain(s) View YN Yes Waterfront YN No

Interior Features

Baths Full Upper 0 Baths Half Upper 0 Baths Three Quarter Upper 0 Bedrooms Upper 0 Building Area Total 12692 Cooling None Cooling YN No Fireplace YN No Fireplaces Total 0 Flooring VinylCarpet Heating Baseboard Heating YN Yes Interior Features Wall to Wall Carpet Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Amenities Coin Op LaundryStorage Association Fee 0 Association YN No Energy Source Electric FIRPTAYN No First Right Of Refusal No Foundation Details Poured Concrete Irrigation Water Rights YN No Listing Terms Cash OutConventional Net Operating Income 176353 New Construction YN No Possession ClosingTenant's Rights Possible Use Multi-FamilyResidential Power Company TPU Power Production Type Electric Property Condition Good Property Sub Type Multi-Family Senior Community YN No Sewer Septic Tank Sewer Company Septic Special Listing Conditions None Tax Annual Amount 23023 Tax Year 2024 Units In Building Total 13 Water Company Spanaway Water Source Public Year Built Effective 1994 Zoning Description Multi-FamilyResidential



IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Keller Williams Spokane are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2025-11-07T16:16:08.89. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2025-11-07T16:16:08.89. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Keller Williams Spokane
6515 W Clearwater, Ste 224
Kennewick WA, 99336
Northwest MLS logo Listing information ©2025 Northwest MLS. Listing courtesy of John L. Scott, Inc..
Mortgage Calculator is provided by BoomTown.