620 162nd Street South
620 162nd Street South
Spanaway, WA 98387
$850,000
Price
10
Beds
4
Baths
3,510 Sq. Ft.
$242 / Sq. Ft.
3,510
Sq. Ft.
$242
per Sq. Ft.
Pending
Pending
Listing provided courtesy of RE/MAX Extra Inc.
Description
Possible owner financing as low as 6.9% interest rate w/ interest only payment option available. This property offers an ideal income generating opportunity w/ 8.2 % CAP. The duplex w/ 3,450 SF, 5 bed, 2 baths & 1,770 SF EA side. Spacious living room w/ access to deck. Right unit has a complete remodel featuring: all NEW Kitchen cabinets w/ soft close drawers, NEW granite counters, NEW appliances. Bathrooms are both NEW w/ cabinets and granite counters. NEW flooring thru-out, NEW paint, NEW roof,...Possible owner financing as low as 6.9% interest rate w/ interest only payment option available. This property offers an ideal income generating opportunity w/ 8.2 % CAP. The duplex w/ 3,450 SF, 5 bed, 2 baths & 1,770 SF EA side. Spacious living room w/ access to deck. Right unit has a complete remodel featuring: all NEW Kitchen cabinets w/ soft close drawers, NEW granite counters, NEW appliances. Bathrooms are both NEW w/ cabinets and granite counters. NEW flooring thru-out, NEW paint, NEW roof, plumbing with Pex. There is a large back yard, lots of parking & NEW water meters. Use to be a 4 plex and years ago was converted to a duplex, it could be converted back. Close to all amenities, schools, parks & stores 1 block from Spanaway Lake.
- Listed by Don M. Goethals • RE/MAX Extra Inc.
Property Details for 620 162nd Street South
Community Name
Spanaway Lake
School DistrictBethel
ViewTerritorial
Number of Assigned Spaces8
Total Covered Parking0
Entry Date05-02-2024
Energy SourceElectric
SewerSeptic Tank
Location
Listing Courtesy of RE/MAX Extra Inc.![]()
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LISTING UPDATED: 05/14/2024 12:19 PM
Property Details for 620 162nd Street South
| Status | Pending |
|---|---|
| MLS # | 2232105 |
| Days on Market | 11 |
| Cumulative Days on Market | 42 |
| Taxes | $6,626 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1972 |
| Lot Size | 0.26 AC / 11,250 SF |
| County | Pierce County |
Location
Listing Courtesy of RE/MAX Extra Inc.![]()
Add your commute
Building Information for 620 162nd Street South
Stories2Residences2Year Built1972Building Size-Lot Size0.26 AC / 11,250 SF
Payment Calculator
$5,191 per month
30 year fixed, 7.25% Interest
Principal and Interest
$4,639
Property Taxes
$552
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 620 162nd Street South
Summary
Location and General Information
- Style: 52 - Duplex
- Site Features: Cable TV, Deck, Fenced-Fully, High Speed Internet, Patio, RV Parking
- Area: 99 - Spanaway
- Elementary School: Buyer To Verify
- Middle Or Junior School: Spanaway Jnr High
- High School: Spanaway Lake High
- Effective Year Built Source: Public Records
- Directions: GPS friendly Pacific HWY 7 south right on 162 to units on left.
- Leased Items: None
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2024
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Parking Type: RV Parking
- Open Parking Spaces: 8.0
- Open Parking: Yes
- Parking Features: RV Parking
Interior and Exterior Features
Bathroom Information
- Full Baths Upper: 0
- Three Quarter Baths Upper: 0
- Half Baths Upper: 0
- Main Level Bathrooms: 0
Bedroom Information
- Bedrooms Upper: 0
- Bedrooms Possible: 10
Interior Features
- Fireplaces Total: 0
- Floor Covering: Ceramic Tile, Laminate, Carpet
- Features: Ceramic Tile, Laminate, Wall to Wall Carpet
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Forced Air, Wall Unit(s)
- FIRPTA: No
Exterior Features
- Exterior: Wood
- Roof: Composition
- Security Features: PartiallyFenced
Property
Utilities
- Water Source: Community
- Water/Sewer/Garbage: 0
- Power Company: Elmhurst
- Sewer Company: Septic
- Water Company: Spanaway
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Block, Poured Concrete
- Zoning Class: Multi-Family
- Construction Methods: Standard Frame
- First Right Of Refusal: false
- Possible Use: Multi-Family
- MLS Square Footage Source: Realist
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 1984
- Photos Count: 24
Lot Information
- Lot Details: Paved
- Lot Size Source: Realist
- Parcel Number Free Text: 5025005630
- Building Condition: Remodeled
- Calculated Square Footage: 3510
- Structure Type: Duplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 3510.0
- 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: 7306
- Gross Adjusted Income: 62294
- Gross Rent Multiplier: 12.2
- Gross Scheduled Income: $69,600
- Insurance Expense: $680
- Net Operating Income: $62,294
- Other Expenses: $0
- Total Monthly Income: 5800
- Fuel Expense: $0
Unit 1
- Name Unit 1: 620
- Washer/Dryer Unit 1: false
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Square Feet Unit 1: 1770
- Rent Unit 1: $2,600.00
- Bedrooms Unit 1: 5
- Bathrooms Unit 1: 2
Unit 2
- Name Unit 2: 622
- Washer/Dryer Unit 2: false
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: true
- Square Feet Unit 2: 1770
- Rent Unit 2: $3,200.00
- Bedrooms Unit 2: 5
- Bathrooms Unit 2: 2
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 3510.0
- Leasable Area Units: Square Feet
Property History for 620 162nd Street South
| 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.
Schools near 620 162nd Street South
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 - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Spanaway Elementary School PublicK to 5 | ||
Spanaway Junior High School Public6 to 8 | ||
Spanaway Lake High School Public9 to 12 | ||
Acceleration Academy Public9 to 12 |
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 RE/MAX Extra 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.