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!
Sold
Listed by: Redfin • Andrew Kramer
Bought with: Berkshire Hathaway HS NW
$713,000
22416 40th Avenue E, Spanaway, WA 98387
6beds
6baths
3,420sqft
Triplex, Multi Family
Built in 1982
-- sqft lot
$713,200 Zestimate®
$208/sqft
$2,094 Estimated rent
Home value
$713,200
$670,000 - $756,000
$2,094/mo
Zestimate® history
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$4,425/mo
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$4,425/mo
Est. payment
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List your homeWhat's special
Great living spaceCovered front porchBrand new roofUpdated kitchensPrivate back porch
Zillow last checked:
Listing updated:
Listed by:
Andrew Kramer,
Redfin,
Joseph Vego,
Redfin
Bought with:
Brenda Courtade, 2009
Berkshire Hathaway HS NW
Source: NWMLS as distributed by MLS GRID,MLS#: 2451815
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 6
Heating
- Baseboard, Electric
Cooling
- None
Features
- Flooring: Vinyl, Carpet
- Has fireplace: No
Interior area
- Total structure area: 3,420
- Total interior livable area: 3,420 sqft
Property
Parking
- Total spaces: 8
- Parking features: Open
- Uncovered spaces: 8
Features
- Has view: Yes
- View description: Territorial
Lot
- Size: 0.45 Acres
- Features: Paved, Cable TV, Fenced-Fully, High Speed Internet
Details
- Parcel number: 0318136006
- Zoning description: Multi-Family
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Tri-plex
- Property subtype: Triplex, Multi Family
Materials
- Wood Siding
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Year built: 1982
- Major remodel year: 1995
Utilities & green energy
- Electric: Company: PSE
- Sewer: Septic Tank, Company: Septic
- Water: Public, Company: TPU
Community & HOA
Community
- Subdivision: Spanaway
Location
- Region: Spanaway
Financial & listing details
- Price per square foot: $208/sqft
- Tax assessed value: $567,000
- Annual tax amount: $6,901
- Date on market: 1/16/2026
- Cumulative days on market: 187 days
- Listing terms: Conventional,FHA,VA Loan
Price history
| Date | Event | Price |
|---|---|---|
| 3/4/2026 | Sold | $713,000-1.7%$208/sqft |
Source:  NWMLS as distributed by MLS GRID #2451815 Report a problem | ||
| 2/2/2026 | Pending sale | $725,000$212/sqft |
Source: NWMLS as distributed by MLS GRID #2451815 Report a problem | ||
| 1/8/2026 | Listed for sale | $725,000$212/sqft |
Source: NWMLS as distributed by MLS GRID #2451815 Report a problem | ||
| 1/8/2026 | Pending sale | $725,000$212/sqft |
Source: NWMLS as distributed by MLS GRID #2451815 Report a problem | ||
| 12/4/2025 | Price change | $725,000-6.5%$212/sqft |
Source: NWMLS as distributed by MLS GRID #2451815 Report a problem | ||
| 11/15/2025 | Listed for sale | $775,000$227/sqft |
Source: NWMLS as distributed by MLS GRID #2451815 Report a problem | ||
| 9/21/2015 | Listing removed | $850 |
Source: Double Z, Inc. Report a problem | ||
| 9/2/2015 | Price change | $850-5% |
Source: Double Z, Inc. Report a problem | ||
| 7/31/2015 | Listed for rent | $895+8.5% |
Source: Double Z, Inc. Report a problem | ||
| 10/20/2014 | Listing removed | $825 |
Source: Double Z, Inc. Report a problem | ||
| 8/15/2014 | Listed for rent | $825-2.9% |
Source: Double Z, Inc. Report a problem | ||
| 10/9/2013 | Listing removed | $850 |
Source: Double Z. Inc. Property Management Report a problem | ||
| 10/4/2013 | Price change | $850+6.9% |
Source: Double Z. Inc. Property Management Report a problem | ||
| 9/10/2013 | Listed for rent | $795 |
Source: Double Z. Inc. Property Management Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $6,901 +2.5% | $567,000 +4.7% |
| 2023 | $6,730 +2.5% | $541,300 +0.3% |
| 2022 | $6,567 +1% | $539,600 +14% |
| 2021 | $6,499 +56.4% | $473,200 +31.8% |
| 2019 | $4,157 | $358,900 +14.2% |
| 2018 | -- | $314,300 +11.5% |
| 2017 | $3,782 | $281,800 +30.7% |
| 2016 | $3,782 | $215,600 +3.4% |
| 2014 | $3,782 +8.7% | $208,600 +3.7% |
| 2013 | $3,480 | $201,100 +2.2% |
| 2012 | -- | $196,800 -11.4% |
| 2011 | -- | $222,200 -4.9% |
| 2010 | -- | $233,600 -9.5% |
| 2009 | -- | $258,200 -3.7% |
| 2008 | $3,659 +0% | $268,200 -4.8% |
| 2007 | $3,659 +60.6% | $281,800 +104.1% |
| 2002 | $2,279 +12.7% | $138,100 +1.8% |
| 2001 | $2,022 | $135,700 +4.4% |
| 2000 | $2,022 | $130,000 |
Find assessor info on the county website
Neighborhood: 98387
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Nearby schools
GreatSchools rating
- 5/10Centennial Elementary SchoolGrades: K-5Distance: 1.6 mi
- 6/10Bethel Junior High SchoolGrades: 6-8Distance: 0.2 mi
- 6/10Bethel High SchoolGrades: 9-12Distance: 0.2 mi
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Estimated market value
$713,200
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Estimated market value
$713,200
- Washington
- Pierce County
- Spanaway
- 98387
- 22416 40th Avenue E
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