Property Details
162 & 164 171st Street E
Spanaway, WA 98387
$725,000
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Property Overview
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.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Pierce
Neighborhood
Lake Park
Listed
Apr 16, 2026
Financial Summary
Cap Rate
5.39%
Net Operating Income
$39,083
Gross Scheduled Income
$55,200
Gross Rent Multiplier
13.13
Total Expenses
$13,357
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
2,576
Leasable Area
3,440 sqft
Total Units
2
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
12,602 sqft
Year Built
2005
Exterior & Lot
Lot Size
0.29 sqft
Year Built
2005
Garage
2 spaces
Exterior Materials
Metal/Vinyl
Parking
RV Parking
Sewer
Septic Tank
Water Source
Public
Lot Features
Corner Lot, Curbs, Paved
Exterior Features
Metal/Vinyl
Location
City
Spanaway
County
Pierce
Coordinates
47.10111, -122.42958
Additional Information
Tax Year
2026
Annual Taxes
$6,870
Possession
Array
Based on information submitted to the MLS GRID as of April 27, 2026 3:45 PM. 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, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
