17003 17009 16th Avenue E, Spanaway, WA 98387
- $603,000
- 1,984
- SqFt
Listing courtesy of Real Broker LLC. Selling Office: Engel & Voelkers North Tacoma.
- Sold Price
- $603,000
- List Price
- $595,000
- Status
- SOLD
- MLS#
- 2404129
- Closing Date
- Sep 02, 2025
- Days on Market
- 47
- Style
- 52 - Duplex
- Building Condition
- Good
- Finished SqFt
- 1,984
- Area Total SqFt
- 1984
- Annual Tax Ammount
- 5376
- Lot Size (sq ft)
- 12,000
- Sewer
- Septic Tank
Property Description
Turn-key, single-story duplex—pride of ownership shows after many years of meticulous care by the current owner. Each spacious unit offers 3 bedrooms, 1 bath, in-unit washer/dryer, private fenced yard, and dedicated garage space. Situated on a flat .275-acre lot, the property has seen major updates including newer windows, flooring, interior updates, exterior paint, electrical panels, gutters, roof (~6 years old), water line, and driveway. An excellent investment opportunity (7.65% Market Cap Rate) or perfect for an owner-occupant seeking additional rental income. One unit is intentionally left vacant for easy showings or immediate move-in. Conveniently located on a quiet street close to schools, shopping, and amenities.
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Additional Information
- List Date
- 2025-07-17 00:00:00
- Community
- Bethel
- Net Operating Income
- $46,420
- Gross Adjusted Income
- $54,996
- Gross Scheduled Income
- $56,100
- Total Monthly Income
- $4,150
- Insurance Expenses
- $1,100
- Water/Sewer/Garbage Expenses
- $900
- Gross Rent Multiplier
- 11
- Total Expenses
- $8,576
- Cap Rate
- 7.65
- Vacancy Rate
- 2
- Total Number of Units
- 2
- Unit Name
- 17003 17009
- Potential Terms
- Cash Out, Conventional, FHA, VA Loan
- Year Built
- 1971
- View
- Territorial
- Roof
- Composition
- Site Features
- Fenced-Partially
- Other Expenses
- 1200
- Energy Source
- Electric
- School District
- Bethel
- Total Monthly Income
- $4,150
- Gross Scheduled Income
- $56,100
- Vacancy Rate
- 2
- Gross Adjusted Income
- $54,996
- Tax Year
- 2025
- Insurance Expense
- $1,100
- W/S/G Expenses
- $900
- Total Expenses
- $8,576
- Net Operating Income
- $46,420
- Gross Rent Multiplier
- 11
- Cap Rate
- 7.65
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.