Property Details
1722 153rd Street S
Spanaway, WA 98387
$649,000
Active
Schedule a Showing
Select your date preference
Request More Info
1 / 31
Property Overview
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.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Pierce
Neighborhood
Spanaway
Listed
Mar 27, 2026
Original Price
$660,000
Financial Summary
Cap Rate
5.78%
Net Operating Income
$38,151
Gross Scheduled Income
$47,460
Gross Rent Multiplier
13.00
Total Expenses
$8,359
Vacancy Rate
2.0%
Building & Use
Building Sq Ft
2,006
Leasable Area
2,006 sqft
Total Units
2
Lot Size
24,006 sqft
Year Built
1979
Exterior & Lot
Lot Size
0.55 sqft
Year Built
1979
Garage
2 spaces
Exterior Materials
Wood
Sewer
Septic Tank
Water Source
Public
Lot Features
Dead End Street, Paved
Exterior Features
Wood Products
Location
City
Spanaway
County
Pierce
Coordinates
47.11830, -122.45903
Additional Information
Tax Year
2025
Annual Taxes
$6,079
Possession
Array
Based on information submitted to the MLS GRID as of April 25, 2026 5:10 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.
