1708 162nd Street S, Spanaway, WA 98387
- $580,000
- 1,972
- SqFt
Listing courtesy of Redfin. Selling Office: COMPASS.
- Sold Price
- $580,000
- List Price
- $590,000
- Status
- SOLD
- MLS#
- 2322085
- Closing Date
- Mar 20, 2025
- Days on Market
- 26
- Style
- 52 - Duplex
- Finished SqFt
- 1,972
- Area Total SqFt
- 1972
- Annual Tax Ammount
- 5782
- Lot Size (sq ft)
- 18,670
- Sewer
- Septic Tank
Property Description
Discover this beautifully updated duplex in the heart of Spanaway. Featuring a host of upgrades, including brand-new windows, interior/exterior doors, fresh paint, updated flooring, and much more! One unit is already occupied, providing instant rental income potential, while the other is ready for your personal touch or additional tenants. Conveniently located near JBLM, schools, and other amenities, this property is perfect for investors or those seeking a home with income opportunities. Don’t miss out—schedule your tour today!
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Additional Information
- List Date
- 2025-02-22 00:00:00
- Community
- Spanaway
- Net Operating Income
- $25,608
- Gross Adjusted Income
- $38,617
- Gross Scheduled Income
- $44,400
- Total Monthly Income
- $3,700
- Insurance Expenses
- $2,487
- Water/Sewer/Garbage Expenses
- $1,140
- Gross Rent Multiplier
- 13.29
- Total Expenses
- $13,009
- Cap Rate
- 4.34
- Vacancy Rate
- 17
- Total Number of Units
- 2
- Unit Name
- 1708
- Potential Terms
- Cash Out, Conventional, FHA, VA Loan
- Year Built
- 1978
- Roof
- Composition
- Electric Expenses
- 3600
- Energy Source
- Electric
- School District
- Bethel
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $3,700
- Gross Scheduled Income
- $44,400
- Vacancy Rate
- 17
- Gross Adjusted Income
- $38,617
- Tax Year
- 2024
- Insurance Expense
- $2,487
- W/S/G Expenses
- $1,140
- Total Expenses
- $13,009
- Net Operating Income
- $25,608
- Gross Rent Multiplier
- 13.29
- Cap Rate
- 4.34
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.