22416 40th Avenue E, Spanaway, WA 98387
- $713,000
- 3,420
- SqFt
Listing courtesy of Redfin. Selling Office: Berkshire Hathaway HS NW.
- Sold Price
- $713,000
- List Price
- $725,000
- Status
- SOLD
- MLS#
- 2451815
- Closing Date
- Mar 04, 2026
- Days on Market
- 77
- Style
- 53 - Tri-plex
- Finished SqFt
- 3,420
- Area Total SqFt
- 3420
- Annual Tax Ammount
- 6901
- Lot Size (sq ft)
- 19,600
- Sewer
- Septic Tank
Property Description
Don't miss this very well maintained triplex with a Brand New Roof! These townhouse style units are very desirable with updated kitchens and great living space! Two very generous sized bedrooms upstairs and full bath. Tenants love the covered front porch, private back porch and fully fenced back yard. There is an abundance of parking too! The financials are running strong at a 6.78% CAP and plenty of room for 7%+ with market rents. Don't miss the 3D Scan of each unit!
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Additional Information
- List Date
- 2025-12-17 00:00:00
- Community
- Spanaway
- Net Operating Income
- $49,161
- Gross Adjusted Income
- $60,762
- Gross Scheduled Income
- $63,960
- Total Monthly Income
- $63,960
- Insurance Expenses
- $2,000
- Water/Sewer/Garbage Expenses
- $2,700
- Gross Rent Multiplier
- 11.33
- Total Expenses
- $11,601
- Cap Rate
- 6.78
- Vacancy Rate
- 5
- Total Number of Units
- 3
- Unit Name
- 22416
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1982
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Fully, High Speed Internet
- Energy Source
- Electric
- School District
- Bethel
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $63,960
- Gross Scheduled Income
- $63,960
- Vacancy Rate
- 5
- Gross Adjusted Income
- $60,762
- Tax Year
- 2025
- Insurance Expense
- $2,000
- W/S/G Expenses
- $2,700
- Total Expenses
- $11,601
- Net Operating Income
- $49,161
- Gross Rent Multiplier
- 11.33
- Cap Rate
- 6.78
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.