This listing courtesy of Andrew Kramer , Redfin

$725,000

22416 40th Avenue E, Spanaway, WA 98387

Multi-Family Home
Built in 1982
0.45acre lot
—— car garage
$——/sqft
Listed 3 months ago

Property Description

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!

Listing Status:: Pending
Data Last Updated:: February 14, 2026 at 1:22PM
Listing Office:: Redfin : 253-201-3130
Listing Agent:: Andrew Kramer : 253-201-3130
MLS ID:: 2451815

Flooring: VinylCarpet
A/C: None
Heating: Baseboard
Fireplace: Fireplaces: 0

General: Wood
Parking: Parking spaces: 8

Roofing: Composition
General: 53 - Tri-plexPoured Concrete

HOA Amenities: 0.0
Originating MLS: nwmls
School District: Bethel
County: Pierce

Zoning: 0318136006
View: TerritorialView

Water: Public
Sewer: Septic Tank

Source: nwmls

This listing courtesy of Andrew Kramer , Redfin

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Shining Mountain Elementary School

21615 38th Ave E, Spanaway, WA, 98387

Grades KG-5

0.52 miles away

Bethel Middle School

22201 38th Ave E, Spanaway, WA, 98387

Grades 6-8

0.39 miles away

Bethel High School

22215 38th Ave E, Spanaway, WA, 98387

Grades 9-12

0.14 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.