16518 16th Avenue Ct E, Spanaway, WA 98387
- $659,000
- 1,932
- SqFt
Listing courtesy of Keller Williams Rty Tacoma. Selling Office: RE/MAX Integrity.
- Sold Price
- $659,000
- List Price
- $659,000
- Status
- SOLD
- MLS#
- 2438757
- Closing Date
- Mar 16, 2026
- Days on Market
- 120
- Style
- 52 - Duplex
- Finished SqFt
- 1,932
- Area Total SqFt
- 1932
- Annual Tax Ammount
- 5864
- Internet Provider
- infinity
- Lot Size (sq ft)
- 26,136
- Sewer
- Septic Tank
Property Description
Beautifully remodeled, single story duplex on a large 26,136 sg ft lot. Sitting on a quiet dead end street surrounded by well maintained homes. (may be subdividable, buyer must verify) Both units have beautiful brick FP. S.S. appliances, quartz counters, New waterproof laminate flooring. 2 spacious bedrooms with 1.25 baths. Vaulted ceilings and a open concept. It's the perfect set up for owner occupied with the neighbor paying the mortgage. New windows and new custom beveled and shake/shingle siding. Fresh paint and new fencing. Detached work shop. Room to build a large mancave garage. Both units offer private, large backyards. This is quality workmanship and close to everything. Must see!
/u.realgeeks.media/homes77/logo-full.png){kind=logo}
Additional Information
- List Date
- 2025-11-16 00:00:00
- Community
- Spanaway
- Net Operating Income
- $35,682
- Gross Adjusted Income
- $46,746
- Gross Scheduled Income
- $47,700
- Total Monthly Income
- $4,025
- Insurance Expenses
- $1,500
- Water/Sewer/Garbage Expenses
- $2,400
- Gross Rent Multiplier
- 14
- Total Expenses
- $11,064
- Cap Rate
- 5.3
- Vacancy Rate
- 2
- Total Number of Units
- 2
- Unit Name
- 16518
- Potential Terms
- Conventional, FHA, VA Loan
- Year Built
- 1979
- Roof
- Composition
- Site Features
- Fenced-Fully, Fenced-Partially, Outbuildings, Patio, RV Parking, Shop
- Electric Expenses
- 1300
- Energy Source
- Electric
- School District
- Bethel
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $4,025
- Gross Scheduled Income
- $47,700
- Vacancy Rate
- 2
- Gross Adjusted Income
- $46,746
- Tax Year
- 2025
- Insurance Expense
- $1,500
- W/S/G Expenses
- $2,400
- Total Expenses
- $11,064
- Net Operating Income
- $35,682
- Gross Rent Multiplier
- 14
- Cap Rate
- 5.3
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.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.