1101 152nd Street S, Spanaway, WA 98387
- $575,000
- 1,518
- SqFt
Listing courtesy of Windermere Prof Partners. Selling Office: Best Choice Realty LLC.
- Sold Price
- $575,000
- List Price
- $575,000
- Status
- SOLD
- MLS#
- 2465818
- Closing Date
- Mar 12, 2026
- Days on Market
- 9
- Style
- 52 - Duplex
- Building Condition
- Very Good
- Finished SqFt
- 1,518
- Area Total SqFt
- 1518
- Annual Tax Ammount
- 5575.28
- Lot Size (sq ft)
- 10,019
- Sewer
- Septic Tank
Property Description
Exceptional duplex opportunity across from Spanaway Lake and minutes from JBLM, set in a tranquil, park-like setting surrounded by mature trees and lush landscaping. Unit one is occupied by a long-term tenant, while unit two is fully updated and move-in ready. Each unit includes a spacious 2-car detached garage—ideal for extra income or added tenant value. Enjoy year-round comfort with high-efficiency Mitsubishi ductless mini-split systems for low utility costs. Thoughtfully designed for privacy, this property offers a rare blend of natural beauty, convenience, and investment potential. Perfect for owner-occupants or savvy investors seeking peaceful living close to the city. A true must-see!
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Additional Information
- List Date
- 2026-03-03 00:00:00
- Community
- Spanaway Lake
- Net Operating Income
- $30,191
- Gross Adjusted Income
- $39,600
- Gross Scheduled Income
- $3,300
- Insurance Expenses
- $1,232
- Water/Sewer/Garbage Expenses
- $1,540
- Gross Rent Multiplier
- 14.5
- Total Expenses
- $9,408
- Cap Rate
- 5.3
- Vacancy Rate
- 5
- Total Number of Units
- 2
- Unit Name
- 1101
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1979
- View
- Territorial
- Roof
- Composition, Flat
- Site Features
- Cabana/Gazebo, Cable TV, Fenced-Fully, High Speed Internet, Patio, RV Parking
- Electric Expenses
- 1060
- Energy Source
- Electric
- School District
- Bethel
- Elementary School
- Spanaway Elem
- Middle School
- Spanaway Jnr High
- High School
- Spanaway Lake High
- Gross Scheduled Income
- $3,300
- Vacancy Rate
- 5
- Gross Adjusted Income
- $39,600
- Tax Year
- 2025
- Insurance Expense
- $1,232
- W/S/G Expenses
- $1,540
- Total Expenses
- $9,408
- Net Operating Income
- $30,191
- Gross Rent Multiplier
- 14.5
- 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.