List Price
decreased
from $775,000
to $725,000
Courtesy of NWMLS 
Listed by: Andrew Kramer - Redfin
-
Beds
0
Baths
3,420
Sq Ft
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!
- MLS# 2451815
- Date Listed11/14/2025
- Days on Realty 32 Days
- Bedrooms -
- Bathrooms
- Lot Size 0.45 acres (19,600 sq. ft)
- Sewer Septic Tank
- Subdivision Spanaway
- Property Type Multi Family
- County Pierce
- Year Built 1982
- Water Public
- Square Feet 3,420 sq. ft
- Price Per Sq. Ft $211.99
Interior Features
- Flooring Vinyl, Carpet
- Cooling None
- Heating Electric, Baseboard
Exterior / Lot Features
- Roof Composition
- Lot Size Acres 0.45
- Lot Size SQFT 19,600.00
- Lot Features Paved
Financial Considerations
- Tax Amount $6,901
- Terms Cash, Conventional, FHA, VA Loan
Sales & Tax History
Source: Public Records
Population & Environment
Source: Sperling's Best Places
14/100
Car-Dependent
Walk Score ®
23/100
Bikable
Bike Score ®
Overview
Almost all errands require a car. It is possible to get on a bus. Minimal bike infrastructure.Walkability averages in the surrounding area
The average walkability score in the surrounding area is Walk Score: 7/100, Transit Score: 0/100, Bike Score: 26/100.
Property Change History
Price Per Square Foot
decreased
from $226.61
to $211.99
Property description updated with
new details
View Changes
Previous 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 6.34% CAP and plenty of room for 7%+ with market rents. Don't miss the 3D Scan of each unit!
Updated 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!
Property description updated with
new details
View Changes
Previous 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 5.99% CAP and plenty of room for 6.6%+ with market rents. Don't miss the 3D Scan of each unit!
Updated 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 6.34% CAP and plenty of room for 7%+ with market rents. Don't miss the 3D Scan of each unit!
Agent added 3 new
photos to the listing
35 →
38 photos
Property description updated with
new details
View Changes
Previous 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 5.9% CAP and plenty of room for 6.6%+ with market rents. Don't miss the 3D Scan of each unit!
Updated 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 5.99% CAP and plenty of room for 6.6%+ with market rents. Don't miss the 3D Scan of each unit!
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Frequently Asked Questions for 22416 40th Avenue E
Source: Realty.com
22416 40th Avenue E, Spanaway, WA 98387 is a Multi Family, Residential Income property listed for $725,000 The property is 3420 sq. ft with - bedrooms and 0 bathrooms
Realty.com has 38 photos of 22416 40th Avenue E.
Our records indicate that 22416 40th Avenue E was built in 1982.
The full address for this home is 22416 40th Avenue E, Spanaway, WA 98387.
22416 40th Avenue E has been listed on Realty.com since Fri November 14, 2025
Almost all errands require a car. It is possible to get on a bus. Minimal bike infrastructure.
The average walkability score in the surrounding area is Walk Score: 7/100, Transit Score: 0/100, Bike Score: 26/100.
There are 3 schools assigned to this home. Check out the schools near 22416 40th Avenue E. Buyer To Verify (Grades: K - 5), Bethel Junior High School (Grades: 6 - 8), Bethel High School (Grades: 9 - 12)
Listing provided courtesy of:
Redfin
(tel: 253-201-3130)
Listing agent:
Andrew Kramer
(tel: 253-201-3130)
(#107313)
This content last refreshed on 2025-12-16 02:44:55. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Export listing data of 22416 40th Avenue E, Spanaway, WA 98387 : MLS# 2451815
