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Listing courtesy of NWMLS / John L. Scott, Inc.

116 173rd Street S

Spanaway, WA 98387

– beds
– baths
12,692 sqft
~3/4 acre lot
$252 per sqft
1994 build

Impeccably Maintained 13-Unit Complex Offering Strong Returns & Immediate Cash Flow Opportunities. Benefit from fresh exterior paint, new decking & updated septic risers. Recent updates for all units include electrical panels & water tanks. Several units have been upgraded with modern finishes: cabinets, countertops, appliances, trim & flooring. Additional features include, coin-operated laundry facility, 13 individual garage spaces, 5 storage units, rare & valuable amenities. Long-term tenants ensure steady cash flow, with units turning over quickly when they become available. Conveniently located to schools, shopping, JBLM & outdoor recreation, this is a prime opportunity to invest in a well-maintained property with long-term potential.

Listing courtesy of NWMLS / John L. Scott, Inc.

Last checked: Checking… • Last updated Mar 27, 2025 •

MLS# 2287714 —

The Building

Year Built:

1968
Year Built:

1994
Year Built Source:

Public Records
New Construction:

false
Structure Type:

Multi Family
Roof:

Composition
Foundation Details:

Poured Concrete
Exterior Features:

Wood, Wood Products
Units In Building Total:

13
# of Units Total:

13
Stories Total:

2
Building Area Total:

12692
Building Area Units:

Square Feet
Calculated SqFt:

12692
SqFt Source:

Publica Records
Construction Materials:

Wood

Interior

Interior Features:

Wall to Wall Carpet
Flooring:

Vinyl, Carpet
Fireplace:

false

Financial & Terms

Possession:

Closing, Tenant's Rights

Location

Latitude:

47.100049
Longitude:

-122.433053
Directions:

From Hwy 512 head South on Pacific Ave(Hwy7), Left of 173rd to complex on the right.

The Property

Property Type:

Residential Income
Property Subtype:

Multi-Family
Property Condition:

Good
Parcel Number:

5025001461
Lot Features:

Alley, Paved
Lot Size Units:

Square Feet
Lot Size Dimensions:

203'x152'
Lot Size Acres:

0.7465
Lot Size SqFt:

32518
Lot Size Source:

Public Records
Zoning Description:

Multi-Family,Residential
View:

Mountain(s)
View:

true
Waterfront:

false
Possible Use:

Multi-Family, Residential
Irrigation Water Rights:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Annual Amount:

23023

The Listing

Special Listing Conditions:

None

Heating & Cooling

Cooling:

false
Heating:

true
Cooling:

None
Heating:

Baseboard

Utilities

Water Company:

Spanaway
Water Source:

Public
Sewer:

Septic Tank
Sewer Company:

Septic
Power Company:

Tpu
Water Sewer Garbage:

10206
Cable Connected:

Xfinity

Schools

Elementary School:

Thompson Elem
Middle Or Junior School:

Spanaway Jnr High
High School:

Spanaway Lake High
High School District:

Bethel

The Community

Subdivision Name:

Lake Park
Amenities:

Coin Op Laundry,Storage
Senior Community:

false
Association:

false

Parking

Parking Total:

37
Parking Uncovered Spaces:

25
Open Parking:

true
Open Parking Spaces:

25
Carport:

false
Covered Spaces:

12

Listing courtesy of NWMLS / John L. Scott, Inc.

This "Three Trees" icon indicates a listing provided courtesy of NWMLS. Based on information submitted to the MLS GRID as of Sat Mar 29 2025 03:28 AM. 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. To submit a request for a takedown notice per the Digital Millennium Copyright Act (the “DMCA”) for any NWMLS listings please see these guidelines and follow the instructions provided.

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Sale history

Date	Event	Source	Price	% Change
9/6/24 Sep 6, 2024	Listed / Active	NWMLS	$3,200,000

Multifamily For Sale

$3,200,000

Listing provided by broker:

Cooper Carlson

John L. Scott, Inc.

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This multifamily located in Spanaway, WA 98387 is currently for sale for $3,200,000. 116 173rd Street S is a 12,692 square foot multifamily with – beds and – baths. This multifamily is in the attendance area of Spanaway Lake High School.

Listing courtesy of NWMLS / John L. Scott, Inc.

Disclaimer: The information contained in this listing has not been verified by John L. Scott, Inc. and should be verified by the buyer.