139 174th Street E, Spanaway, WA 98387

$650,000
2,880
SqFt

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Listing courtesy of Keller Williams Realty. Selling Office: Keller Williams Realty PS.

Sold Price
$650,000
List Price
$709,950
Status
SOLD
MLS#
2329179
Closing Date
Mar 04, 2025
Days on Market
11
Style
52 - Duplex
Building Condition
Good
Finished SqFt
2,880
Area Total SqFt
2880
Annual Tax Ammount
6576
Internet Provider
Xfinity
Lot Size (sq ft)
11,650
Sewer
Sewer Connected

Property Description

Discover the perfect investment opportunity with this modern duplex! Each unit features a spacious 1,440 sq ft layout complete with 3 bedrooms and 2 bathrooms, complemented by a 1-car garage and an extended driveway for additional parking. Conveniently located near shopping centers, schools, parks, and public transportation, this property offers the ultimate in accessibility. Built in 2004, it boasts a contemporary design that is highly sought after, coupled with low vacancy rates and minimal maintenance costs. Capitalize on this fantastic opportunity to own a duplex that combines style, space, and a strategic location.

Additional Information

List Date
2025-02-21 00:00:00
Community
Spanaway
Net Operating Income
$30,324
Gross Adjusted Income
$40,500
Gross Scheduled Income
$40,500
Total Monthly Income
$3,375
Insurance Expenses
$1,200
Water/Sewer/Garbage Expenses
$2,400
Gross Rent Multiplier
17.5
Total Expenses
$10,176
Cap Rate
4.3
Total Number of Units
2
Unit Name
139
Potential Terms
Cash Out, Conventional, FHA, VA Loan
Year Built
2004
Roof
Composition
Site Features
Fenced-Fully, Patio
Energy Source
Electric, Natural Gas
School District
Bethel
Elementary School
Thompson Elem
Middle School
Spanaway Jnr High
High School
Spanaway Lake High
Total Monthly Income
$3,375
Gross Scheduled Income
$40,500
Gross Adjusted Income
$40,500
Tax Year
2024
Insurance Expense
$1,200
W/S/G Expenses
$2,400
Total Expenses
$10,176
Net Operating Income
$30,324
Gross Rent Multiplier
17.5
Cap Rate
4.3
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.
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