Courtesy of Redfin and NWMLSNWMLS

OverviewEstate Overview - $725,000Closed

Listing View8
Like Count-
-
22416 40th Avenue,

Spanaway, WA 98387

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...See More

  • 0 Beds
  • 0 Baths
  • 3420 Sqft
  • Residential Income

OverviewListing Details

Status:Closed
Original Listing Price: $ 775,000
Listing Date: 11/14/2025
Days on dealty:Was on Dealty for 110 days
County:Pierce
MLS Type:NWMLSNWMLS
Built In:1982
Has HOA:No
Status Change Date:March 04, 2026
Pool:No
Cumulative Days on market:77 days
Last Updated:04/04/2026, 11:33:19 PM
*Please Contact Lister for more information.

FeaturesProperty Features

Design
  • Property subtype: Multi Family
  • Construction materials: Wood
  • Roof: Composition
Flooring
  • Vinyl
  • Carpet
Interior Spaces
    --
Bedrooms & Bathrooms
  • 0 - Bedrooms
  • 0 - Bathrooms
Exteriors
  • Exterior features: Wood,
  • View: Territorial
Lot Details
  • Lot size: 0.45 Acres / 19600 Square feet

AmenitiesAmenities

Utilities
  • Cooling - None
  • Heating - Baseboard
Laundry
    --
Parking
    --

HOAHOA & Financial

Primary HOA
    No
Second HOA
    No
Third HOA
    No

OverviewOpen House

* There are no open house dates scheduled at this time. Please reach out to the lister for an in person or virtual viewing.

Schools & Neighborhood

Schools
    --
Neighborhood
    --

NeighborhoodExplore The Area

Similar HomesSimilar Homes

AgentListing Agent

Agent
Andrew Kramer

(Redfin)

MLS # NWM2451815

22416 40th Avenue

Spanaway, WA 98387

$725,000
Flyer cover
Flyer Image
Flyer Image
FOR MORE PHOTOS VISIT
https://www.dealty.ai/buy/home/22416-40th-avenue-spanaway-wa-98387
Approx sqft
3420
Year Built
1982
Lot Size
19600 sqft/ 0.451 acres

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!

AGENT CONTACT

Northwest Multiple Listing Service

Based on information submitted to MLS Grid as of 04/04/2026, 11:33:19 PM. IDX information is provided exclusively for consumers’ personal, non-commercial use and may be used solely to identify prospective properties that consumers may be interested in purchasing. All data is deemed reliable but is not guaranteed by MLS Grid. All information should be independently reviewed and verified. Open house information is subject to change without notice. Properties may or may not be listed by the office or agent presenting the information.