16303 Park Avenue S Unit #1-2, Spanaway, WA 98387
- $743,000
- 3,342
- SqFt
Listing courtesy of Paramount Real Estate Group. Selling Office: Paramount Real Estate Group.
- Sold Price
- $743,000
- List Price
- $750,000
- Status
- SOLD
- MLS#
- 2371209
- Closing Date
- Jun 05, 2025
- Days on Market
- 9
- Style
- 52 - Duplex
- Building Condition
- Very Good
- Finished SqFt
- 3,342
- Area Total SqFt
- 3342
- Annual Tax Ammount
- 7582
- Internet Provider
- Xfinity
- Lot Size (sq ft)
- 11,252
- Sewer
- Septic Tank
Property Description
Better than new! This spacious duplex offers 3 beds, 2.5 baths per side with 1,662 sq ft each—3,324 sq ft total! Just minutes from military bases, it's ideal for investment or multi-gen living. Both units feature laminate hardwood, electric fireplaces, fully fenced yards, and all appliances in like-new condition. One-unit shines with brand-new carpet, paint, flooring, and blinds. Bonus: RV parking and only 1 block from an elementary school. Rare opportunity—move-in ready and impeccably maintained!
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Additional Information
- List Date
- 2025-05-27 00:00:00
- Community
- Lake Park
- Net Operating Income
- $50,188
- Gross Adjusted Income
- $53,400
- Gross Scheduled Income
- $53,400
- Insurance Expenses
- $1,451
- Water/Sewer/Garbage Expenses
- $1,316
- Gross Rent Multiplier
- 14
- Total Expenses
- $11,152
- Cap Rate
- 6.69
- Total Number of Units
- 2
- Unit Name
- 16303
- Potential Terms
- Cash Out, Conventional, FHA, VA Loan
- Year Built
- 2008
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Fully, High Speed Internet, Outbuildings, Patio
- Other Expenses
- 803
- Energy Source
- Electric
- School District
- Bethel
- Elementary School
- Spanaway Elem
- Middle School
- Spanaway Jnr High
- High School
- Spanaway Lake High
- Gross Scheduled Income
- $53,400
- Gross Adjusted Income
- $53,400
- Tax Year
- 2024
- Insurance Expense
- $1,451
- W/S/G Expenses
- $1,316
- Total Expenses
- $11,152
- Net Operating Income
- $50,188
- Gross Rent Multiplier
- 14
- Cap Rate
- 6.69
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.