14909 10th Ave Ct S, Spanaway, WA 98387

$684,950
2,200
SqFt

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Listing courtesy of Better Homes and Gardens RE PC. Selling Office: Windermere Abode.

Sold Price
$684,950
List Price
$684,950
Status
SOLD
MLS#
2535981
Closing Date
Jul 20, 2026
Days on Market
8
Style
52 - Duplex
Finished SqFt
2,200
Area Total SqFt
2200
Annual Tax Ammount
6544
Lot Size (sq ft)
37,462
Sewer
Septic Tank

Property Description

Rare Spanaway Lake-area duplex offering the best of both worlds: a home with room to live and an investment with income potential. Set on nearly an acre, each side offers 2 bedrooms and 2 bathrooms, giving an owner-occupant the space and livability to treat this like a home, not just a rental property. Live in one side while renting the other to help offset housing costs, build equity and create long-term investment value. The property has a residential feel that is hard to find in a duplex, with a fully fenced front yard and large fully fenced backyard, outdoor living space with both patio and deck areas, plus two large separate sheds for storage, hobbies, tools or tenant use. There is room for pets, gardening, summer barbecues, extra parking and everyday outdoor living without feeling boxed in. The greenbelt backdrop gives the yard a more private, tucked-away feel. Newer roof and newer vinyl siding add meaningful exterior updates and help strengthen the long-term ownership picture. Located close to Spanaway Lake Park, Spanaway Lake Golf Course and Sprinker Recreation Center, this property offers access to trails, recreation, golf, sports courts and community amenities. Whether you are an investor, a first-time house hacker or an owner-occupant looking to reduce your monthly housing burden, this is a rare opportunity to own a duplex with room to live, income potential and long-term flexibility.

Additional Information

List Date
2026-07-12 00:00:00
Community
Spanaway Lake
Net Operating Income
$40,295
Gross Adjusted Income
$50,229
Gross Scheduled Income
$52,872
Total Monthly Income
$4,406
Insurance Expenses
$1,289
Water/Sewer/Garbage Expenses
$873
Gross Rent Multiplier
12.95
Total Expenses
$9,906
Cap Rate
5.8
Vacancy Rate
5
Total Number of Units
2
Unit Name
14909
Potential Terms
Cash, Conventional, FHA, VA Loan
Year Built
1987
Roof
Composition
Site Features
Cable TV, Electric Car Charging, Fenced-Fully, High Speed Internet, Outbuildings
Other Expenses
1200
Energy Source
Electric
School District
Bethel
Total Monthly Income
$4,406
Gross Scheduled Income
$52,872
Vacancy Rate
5
Gross Adjusted Income
$50,229
Tax Year
2026
Insurance Expense
$1,289
W/S/G Expenses
$873
Total Expenses
$9,906
Net Operating Income
$40,295
Gross Rent Multiplier
12.95
Cap Rate
5.8
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.
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