211 167th Street Ct E, Spanaway, WA 98387
- $725,000
- 2,582
- SqFt
Listing courtesy of Gateway Real Estate. Selling Office: RE/MAX Integrity.
- Sold Price
- $725,000
- List Price
- $725,000
- Status
- SOLD
- MLS#
- 2401667
- Closing Date
- Oct 01, 2025
- Days on Market
- 54
- Style
- 52 - Duplex
- Building Condition
- Average
- Finished SqFt
- 2,582
- Area Total SqFt
- 2582
- Annual Tax Ammount
- 6613
- Lot Size (sq ft)
- 23,958
- Sewer
- Sewer Connected
Property Description
WOW! A Duplex and a Single-family house are all connected to the sewer on a BIG lot. Imagine the possibilities! 25K price drop! PLUS a nearly 7%+ cap rate! This centrally located duplex features 2 bedrooms and 1 bathroom on each side with full-size attached garages. The dwellings are situated on a 1/2+ acre lot. Newer roof. The interior boasts a separate dining area off the kitchen, appliances, fresh paint, new floor coverings, vaulted ceilings, spacious bay windows, track lighting, and a ceiling fan. Tons of parking for cars-boat or RV, fenced rear yard, mature landscaping, decking. The Single Family House is 1BR and 1 Bth and is situated on the other side of the lot. High-density lot presents an opportunity with potential upside!
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Additional Information
- List Date
- 2025-08-08 00:00:00
- Community
- Spanaway
- Net Operating Income
- $48,596
- Gross Adjusted Income
- $58,800
- Gross Scheduled Income
- $58,800
- Total Monthly Income
- $4,900
- Insurance Expenses
- $1,334
- Water/Sewer/Garbage Expenses
- $2,257
- Gross Rent Multiplier
- 12.33
- Total Expenses
- $10,204
- Cap Rate
- 6.7
- Total Number of Units
- 3
- Unit Name
- 211
- Potential Terms
- Cash Out, Conventional, FHA, VA Loan
- Year Built
- 1996
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Deck, Fenced-Partially, Outbuildings, RV Parking
- Energy Source
- Electric
- School District
- Bethel
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $4,900
- Gross Scheduled Income
- $58,800
- Gross Adjusted Income
- $58,800
- Tax Year
- 2024
- Insurance Expense
- $1,334
- W/S/G Expenses
- $2,257
- Total Expenses
- $10,204
- Net Operating Income
- $48,596
- Gross Rent Multiplier
- 12.33
- Cap Rate
- 6.7
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.