Enjoy steady cash flow, low maintenance, and a prime Spanaway location with this terrific investment opportunity just a short walk from Spanaway Lake and tucked away on a quiet residential street. Each unit has 1,299 sq ft with 3 bedrooms and 1.5 baths, with spacious, functional layouts. The fully fenced lot provides privacy and security, along with space for RV parking -- a sought-after amenity in this area and an added draw for tenants. A strong history of reliable, long-term tenants -- and a 5.1% cap rate that includes a conservative 3% vacancy rate -- is reflective of the property’s steady performance and appealing returns. Located near parks, schools, shopping, JBLM, and outdoor recreation. Take a look while it's still available!
Listing Provided Courtesy of Mike Larson, COMPASS
General Information
NWM2457959
Multi Family
82
DOM
0.29 acres
2598
1997
Pierce
Buyer To Verify
Buyer To Verify
Buyer To Verify
Residential Incom
Multi Family
Listing Provided Courtesy of Mike Larson, COMPASS
Krishna Realty data last checked: Feb 22, 2026 03:35 | Listing last modified Feb 18, 2026 18:12,
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Residence Information
2598
Composition
2,
52 - Duplex
1997
Poured Concrete
Features and Utilities
Wood Products
Public
Sewer Connected
0
Financial
6952
Cash, Conventional, FHA, VA Loan
11-28-2025
Comparable Information
82
82
Cash, Conventional, FHA, VA Loan
$685,000
$685,000
Feb 18, 2026 18:12
Schools
Elementary : Buyer To VerifyN/ARatings Middle : Buyer To Verify N/ARatings High : Buyer To VerifyN/ARatings
Enjoy steady cash flow, low maintenance, and a prime Spanaway location with this terrific investment opportunity just a short walk from Spanaway Lake and tucked away on a quiet residential street. Each unit has 1,299 sq ft with 3 bedrooms and 1.5 baths, with spacious, functional layouts. The fully fenced lot provides privacy and security, along with space for RV parking -- a sought-after amenity in this area and an added draw for tenants. A strong history of reliable, long-term tenants -- and a 5.1% cap rate that includes a conservative 3% vacancy rate -- is reflective of the property’s steady performance and appealing returns. Located near parks, schools, shopping, JBLM, and outdoor recreation. Take a look while it's still available!
