1521 1523 151st Street Ct S, Spanaway, WA 98387

$540,000
1,884
SqFt

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Listing courtesy of eXp Realty.

List Price
$540,000
Status
ACTIVE
MLS#
2513459
Price Change
▼ $20,000 1785118212
Days on Market
92
Style
52 - Duplex
Building Condition
Good
Finished SqFt
1,884
Area Total SqFt
1884
Annual Tax Ammount
5822
Lot Size (sq ft)
19,500
Sewer
Septic Tank

Property Description

Live in one side and have your neighbor/renter pay part of your mortgage! Or buy a great rental! Duplex in Spanaway - each side 2 bedrooms, 1 bathroom, fireplace in living room, kitchen with dining space and laundry room. Large yards with fully fenced back yards. Single car garage and plenty of parking. Quiet cul-de sac near Spanaway Lake Park and JBLM. Exterior paint is new! Right side (1523) recently remodeled with new SS appliances, new LVP flooring and new carpet, new kitchen sink & faucet, new bathroom vanity and faucet. Owners have never lived in property. Washer plumbing and dryer plug exist and ready for your appliances. Left side (1521) currently with tenant in place on month to month lease.

Additional Information

List Date
2026-04-25 21:13:11
Community
Spanaway Lake
Net Operating Income
$32,668
Gross Adjusted Income
$41,154
Gross Scheduled Income
$43,320
Total Monthly Income
$3,610
Insurance Expenses
$1,800
Water/Sewer/Garbage Expenses
$864
Gross Rent Multiplier
13.27
Total Expenses
$8,486
Cap Rate
5.68
Vacancy Rate
5
Total Number of Units
2
Unit Name
1521 1523
Potential Terms
Cash, Conventional, FHA, See Remarks, VA Loan
Year Built
1978
Roof
Composition
Site Features
Deck, Fenced-Fully, Patio
Energy Source
Electric, Wood
School District
Bethel
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$3,610
Gross Scheduled Income
$43,320
Vacancy Rate
5
Gross Adjusted Income
$41,154
Tax Year
2026
Insurance Expense
$1,800
W/S/G Expenses
$864
Total Expenses
$8,486
Net Operating Income
$32,668
Gross Rent Multiplier
13.27
Cap Rate
5.68
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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