Spanaway WA Multifamily

Spanaway WA Multi-Family Style Real Estate & Homes

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Browse All Multi-Family Style Properties for Sale

$795,000
2555891 MLS ⋅ PENDING Status
Well maintained duplex on large corner lot. Built in 2007. Spacious 3 Bedroom, 2.5 bath units with 2 car garages. Recent updates of flooring in both units. Large fenced back yard & patios. Unit 247 left vacant for easy showing and potential owner-occupied buyer. Interior inspection of unit 249 after mutual acceptance. Located close to Spanaway Lake, Park, Golf, shopping & JBLM.

247 249 S 161st Street, Spanaway

Listing courtesy of Crescent Realty powered by KW.

$3,400,000
2553466 MLS ⋅ ACTIVE Status
This stunning lakefront property is unlike anything you’ve ever seen! Sited on 700 feet of waterfront and 9.31 acres, this special property is the perfect combination of lakefront luxury and income generating rentals. The hallmark of the property is the lakefront lodge. At more than 4,200 square feet, clad in stone, stucco, slate, and copper, this beautiful home features a main level primary suite, an expansive kitchen, a two-story great room, and an attached ADU/MIL above the three-car garage. Open the three sets of French doors in the great room for a seamless indoor-outdoor flow onto the covered outdoor patio. Enjoy beautiful lake views from nearly every room, especially the elevated ADU which offers two private external entrances and interior access from the main residence. The South-facing shoreline features a picturesque Mount Rainier view. The dock easily accommodates a float plane or large vessel, with an extra motorized float perfect for cruising the lake with friends. Now, the rentals. This single-parcel property includes 7 rental units: two 1-bed duplexes, a 2-bed duplex, and an additional single-family home. These additional residences have all received consistent updates throughout the years and benefits from long-term tenants who would love to stay. Photos of the SFR and one of the duplex units are included in this listing. Gross annual income exceeds $100,000 per year and a rent roll is available upon request. This one-of-a-kind property is as rare as it comes.

1000 Creso Road S, Spanaway

Listing courtesy of COMPASS.

$549,990
2546792 MLS ⋅ ACTIVE Status
Investor Opportunity – Mobile Home Community with Significant Upside Potential! Rare chance to acquire a mobile home community consisting of 5 mobile home sites across 3 tax parcels, featuring 4 existing homes in a cul-de-sac, including 1 park-owned home, plus 1 vacant site ready for a new home. The current owner is highly motivated to sell. Tenants have not paid rent in over a year, there are currently no leases in place, and tenants prefer to remain due to the high cost of relocating their homes, creating a unique opportunity for new ownership to restructure operations and improve performance. The property includes 5 septic systems and 2 shared wells and is being sold As-Is, Where-Is. With full flexibility to implement new management, lease structures, rent collections, community improvements, and potential expansion, this property offers substantial value-add potential for experienced investors. A large vacant area provides additional opportunities for a new home, owner occupancy, or future development. Whether your goal is to stabilize and grow the existing community or create a new vision for the property, this is a rare opportunity to purchase and reposition an entire mobile home community with significant upside.

20106 2nd Avenue E, Spanaway

Listing courtesy of Every Door Real Estate.

$975,000
2539840 MLS ⋅ ACTIVE Status
Looking for a great investment? This super clean 4 plex is just what you've been waiting for. Each unit has 2 bedrooms and 1 bath, good size living area and dining area. All units are in great shape and the roof is only a few months old! All remodeled inside and out several years ago, but they are still looking like new. Quartz countertops, stainless appliances and white cabinets. Each unit has a patio or deck and small storage unit. Laundry room on each floor, lot's of parking, huge lot, partial fenced. Close to schools, shopping, restaurants, bus, Spanaway Lake and JBLM. Great location! If your looking to build your portfolio, come take a look. Ask your Realtor to see the supplements page attached to listing!

122 169th Street E, Spanaway

Listing courtesy of John L. Scott, Inc.

$684,950
2535981 MLS ⋅ SOLD Status
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.

14909 10th Ave Ct S, Spanaway

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

$540,000
2513459 MLS ⋅ PENDING Status
Live in one side and have your neighbor/renter pay part of your mortgage! Or buy a great rental! Duplex in Spanaway - each side 2 bedrooms, 1 bathroom, fireplace in living room, kitchen with dining space and laundry room. Large yards with fully fenced back yards. Single car garage and plenty of parking. Quiet cul-de sac near Spanaway Lake Park and JBLM. Exterior paint is new! Right side (1523) recently remodeled with new SS appliances, new LVP flooring and new carpet, new kitchen sink & faucet, new bathroom vanity and faucet. Owners have never lived in property. Washer plumbing and dryer plug exist and ready for your appliances. Left side (1521) currently with tenant in place on month to month lease.

1521 1523 151st Street Ct S, Spanaway

Listing courtesy of eXp Realty.

$714,950
2512342 MLS ⋅ SOLD Status
Exceptional duplex opportunity offering instant income with secure, long-term tenants already in place. Well cared for by long time owners, each spacious unit features 3 bedrooms, 2.5 bathrooms, and approximately 1,391 sqft with an open concept floor plan, higher end finishes, and excellent curb appeal. Interiors offer warm wood cabinetry, durable flooring, spacious kitchens, large living areas, and private fenced backyards ideal for tenants. This property is built for convenience and strong rental appeal with a two car garage plus abundant additional uncovered parking for tenants and guests. Long-term tenants provide immediate cash flow and added peace of mind for investors seeking stability. Conveniently located near Spanaway Lake, parks, shopping, dining, and within the Bethel School District, with easy access to Joint Base Lewis-McChord, Mountain Highway, and major commuter routes. A turnkey investment with strong tenant history, attractive finishes, and a prime location. This is one you won’t want to miss. ***Great opportunity to purchase both duplexes together! See additional duplex next door listed on the MLS #2512341.

116 & 118 173rd Street E, Spanaway

Listing courtesy of John L. Scott, Inc.. Selling Office: Parkside Realty, LLC.

$705,000
2512341 MLS ⋅ SOLD Status
Exceptional duplex opportunity offering instant income with secure, long-term tenants already in place. Well cared for by long time owners, each spacious unit features 3 bedrooms, 2.5 bathrooms, and approximately 1,391 sqft with an open concept floor plan, higher end finishes, and excellent curb appeal. Interiors offer warm wood cabinetry, durable flooring, spacious kitchens, large living areas, and private fenced backyards ideal for tenants. This property is built for convenience and strong rental appeal with a two car garage plus abundant additional uncovered parking for tenants and guests. Long-term tenants provide immediate cash flow and added peace of mind for investors seeking stability. Conveniently located near Spanaway Lake, parks, shopping, dining, and within the Bethel School District, with easy access to Joint Base Lewis-McChord, Mountain Highway, and major commuter routes. A turnkey investment with strong tenant history, attractive finishes, and a prime location. This is one you won’t want to miss. ***Great opportunity to purchase both duplexes together! See additional duplex next door listed on the MLS #2512342.

122 & 124 173rd Street E, Spanaway

Listing courtesy of John L. Scott, Inc.. Selling Office: Parkside Realty, LLC.

$725,000
2508506 MLS ⋅ PENDING Status
Vaulted ceilings with open kitchens - these 3 bedroom, 2 bathroom open concept duplex units were upgraded 2-3 years ago with new floors, paint and carpet. Open kitchens with eating bar and dining space. No stairs or steps with wide doors and hallways - may be wheelchair accessible - Buyer to verify. Septic approved for 4 bedrooms total. Fully fenced back yards for each unit with patios. Gas fireplace in each living room, washer/dryer in each unit. Tenants in each side currently. Great opportunity for Buyer to move into one side or keep as rentals.

162 & 164 171st Street E, Spanaway

Listing courtesy of eXp Realty.

$649,000
2497427 MLS ⋅ SOLD Status
Don’t miss this fantastic duplex ideally located just minutes from shopping, Spanaway Park, I-5, Hwy 512, and JBLM. Whether you're an investor or looking for an owner-occupied opportunity, this property checks all the boxes. One unit is occupied by a reliable long-term tenant, providing immediate rental income, while the second unit has been fully updated and is move-in ready—perfect for maximizing rent or living on-site. Each unit features, 2 spacious bedrooms and 2 bathrooms, living room with a cozy fireplace, a well-equipped kitchen with all appliances and a convenient breakfast bar. Enjoy outdoor living with a large, fully fenced yard—ideal for relaxing, entertaining, or pets. A 1-car garage for each unit adds convenience and value. With strong rental history and a prime location, this is an excellent opportunity to invest or live while generating income.

1722 153rd Street S, Spanaway

Listing courtesy of Park 52, Inc.. Selling Office: Best Choice Realty LLC.

$575,000
2465818 MLS ⋅ SOLD Status
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!

1101 152nd Street S, Spanaway

Listing courtesy of Windermere Prof Partners. Selling Office: Best Choice Realty LLC.

$615,000
2463720 MLS ⋅ SOLD Status

404 - 402 166th Street S, Spanaway

Listing courtesy of Gateway Real Estate. Selling Office: Gateway Real Estate.

$713,000
2451815 MLS ⋅ SOLD Status
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!

22416 40th Avenue E, Spanaway

Listing courtesy of Redfin. Selling Office: Berkshire Hathaway HS NW.

$659,000
2438757 MLS ⋅ SOLD Status
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!

16518 16th Avenue Ct E, Spanaway

Listing courtesy of Keller Williams Rty Tacoma. Selling Office: RE/MAX Integrity.

$575,000
2404380 MLS ⋅ SOLD Status
Well-maintained, single-story duplex. Each unit offers two bedrooms, one bath, 940 sq ft, a fenced yard, and a garage. Situated on a flat 326-acre lot, both units are nicely updated. Photos show unit 111. 113 has similar updates. W/D utility area off the kitchen. New roof in 2019, new gutters & downspouts in 2021. Unit 111 is now vacant for easy showings or immediate move-in. Freshly painted, too! Unit 111 has an additional 1-car garage/shop in the back with alley access. This duplex offers an excellent investment opportunity or is perfect for an owner-occupant seeking additional rental income. Tenants pay all utilities. Conveniently located on a quiet street close to schools, shopping, and amenities.

111 113 175th Street S, Spanaway

Listing courtesy of Best Choice Realty LLC. Selling Office: John L. Scott Lacey.

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