21516 Mountain Highway East
21516 Mountain Highway East
Spanaway, WA 98387
$600,000
Price
5
Beds
2.75
Baths
2,673 Sq. Ft.
$224 / Sq. Ft.
2,673
Sq. Ft.
$224
per Sq. Ft.
Listing provided courtesy of Windermere RE/Lake Tapps, Inc
Description
Duplex on acreage w/ additional privacy from JBLM border. Opportunity to add value and increase cash flow or build with more density or both! Below market rents w/ month to month leases.Duplex on acreage w/ additional privacy from JBLM border. Opportunity to add value and increase cash flow or build with more density or both! Below market rents w/ month to month leases.
- Listed by Ashton Karp • Windermere RE/Lake Tapps, Inc
Property Details for 21516 Mountain Highway East
Community Name
Spanaway
School DistrictBethel
Number of Assigned Spaces11
Total Covered Parking2
Entry Date07-24-2023
Energy SourceElectric
SewerSeptic Tank
Location
Listing Courtesy of Windermere RE/Lake Tapps, Inc![]()
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LISTING UPDATED: 03/28/2024 02:53 PM
Property Details for 21516 Mountain Highway East
| Status | Active |
|---|---|
| MLS # | 2142540 |
| Days on Market | 280 |
| Cumulative Days on Market | 276 |
| Taxes | $6,114 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1945 |
| Lot Size | 1.00 AC / 43,560 SF |
| County | Pierce County |
Location
Listing Courtesy of Windermere RE/Lake Tapps, Inc![]()
Add your commute
Building Information for 21516 Mountain Highway East
Stories2Residences2Year Built1945Building Size-Lot Size1.00 AC / 43,560 SF
Payment Calculator
$3,784 per month
30 year fixed, 7.25% Interest
Principal and Interest
$3,274
Property Taxes
$510
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 21516 Mountain Highway East
Summary
Location and General Information
- Style: 52 - Duplex
- Site Features: Fenced-Partially, Outbuildings, RV Parking, Shop
- Area: 99 - Spanaway
- Effective Year Built Source: Public Records
- Directions: Driving South on Highway 7, turn right into the private driveway at the 215th block. GPS is correct.
- Leased Items: None
- Property Sub Type: MULT
- View: No
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2023
Parking
- Number of Carport Spaces: 1.0
- Carport: No
- Parking Type: RV Parking
- Open Parking Spaces: 8.0
- Open Parking: Yes
- Parking Features: RV Parking
Interior and Exterior Features
Interior Features
- Floor Covering: Vinyl, Carpet
- Features: Wall to Wall Carpet
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Baseboard
- FIRPTA: No
Exterior Features
- Exterior: Metal/Vinyl, Wood Products
- Roof: Composition
Property
Utilities
- Water Source: Individual Well, See Remarks
- Water/Sewer/Garbage: 0
- Power Company: PSE
- Sewer Company: Pierce County Sewer
- Water Company: WA Water Service Co
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: County
- Zoning Class: Multi-Family,Residential
- Possible Use: Multi-Family, Residential
- Letter On File: Duplicate Prop Type
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 1985
- Photos Count: 19
Lot Information
- Lot Details: Adjacent to Public Land, Corner Lot, Value In Land
- Lot Size Source: Public Records
- Parcel Number Free Text: 0318105017
- Calculated Square Footage: 2673
- Structure Type: Duplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 2673.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 8
- Number of Stories in Building: 2
- Vacancy Rate: 0
- Number Of Units Total: 2
- Units Below Grade: false
- Units In Building Total: 2
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 7159.17
- Gross Adjusted Income: 46200
- Gross Rent Multiplier: 13
- Gross Scheduled Income: $47,940
- Insurance Expense: $1,046
- Net Operating Income: $40,780
- Other Expenses: $0
- Total Monthly Income: 3995
- Fuel Expense: $0
Unit 1
- Name Unit 1: A
- Washer/Dryer Unit 1: true
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Square Feet Unit 1: 0
- Rent Unit 1: $1,800.00
- Bedrooms Unit 1: 4
- Fireplaces Unit 1: 0
- Bathrooms Unit 1: 2
Unit 2
- Name Unit 2: B
- Washer/Dryer Unit 2: true
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: true
- Rent Unit 2: $1,395.00
- Bedrooms Unit 2: 1
- Bathrooms Unit 2: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 2673.0
- Leasable Area Units: Square Feet
Property History for 21516 Mountain Highway East
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 21516 Mountain Highway East
Taxable ValueLand$223,800Additions$312,500Total$536,300
Tax Record2024$6,267 ($522 / month)
Home Facts
Total Finished SqFt2,148 SqFtAbove Ground SqFt2,148 SqFtStories1Lot Size43,560 SqFtStyleDuplexYear Built1945Year Renovated1985ZoningMHRCountyPIERCEAPN0318105017
Schools near 21516 Mountain Highway East
This home is within Bethel School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | K to 8 |
Rating | School | Distance |
|---|---|---|
Shining Mountain Elementary School PublicK to 5 | ||
Bethel Junior High School Public6 to 8 | ||
Bethel High School Public9 to 12 | ||
Elk Plain Elementary School PublicK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Windermere RE/Lake Tapps, Inc
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.