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$725,000

  • For Sale
  • Active
  • Multi-Family
  • Updated 7 days ago

Listed by Andrew Kramer | Redfin | (253) 201-3130 and Joe Vego | Redfin | (253) 201-3130

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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!

Full Property Details for 22416 40th Ave E

General

  • Price: $725,000
  • Taxes: $6,901 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2451815
  • Updated: 1/8/2026
  • Added to Site: 63 day(s) ago

Interior

  • Flooring: Vinyl, Carpet

Additional Information

  • Amenities: Cable TV, Fenced-Fully, High Speed Internet
  • Security/Safety: Fully Fenced

Parking

  • Uncovered Spaces: 8

Location

  • Area: 122 - Graham
  • County: Pierce
  • Subdivision: Spanaway
  • Driving Directions: GPS friendly

School Information

  • High School District: Bethel
  • Elementary School: Buyer To Verify
  • Middle School: Buyer To Verify
  • High School: Buyer To Verify

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Baseboard

Utilities

  • Sewer: Septic Tank
  • Water: Public

Structural Information

  • Structure Type: Triplex
  • Exterior Const.: Wood
  • Foundation: Poured Concrete
  • Roof: Composition
  • Stories in Building: 2
  • Square Feet: 3,420
  • Year Built: 1982

Unit Information

  • Units in Building: 3

Lot Features

  • Property View: Territorial
  • Lot Size (Acres): 0.45
  • Lot Size (Sq. Ft.): 19,600
  • Lot Size Source: Realist- Buyer to Verify
  • Lot Features: Paved
  • Zoning: Multi-Family

Financial Considerations

  • Tax Amount: $6,901
  • Tax Year: 2025
  • Terms: Cash Out, Conventional, FHA, VA Loan

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 318136006

Listed by Andrew Kramer | Redfin | (253) 201-3130 and Joe Vego | Redfin | (253) 201-3130

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 22416 40th Ave E

School District:Bethel School District
NameGradesDistance
Centennial Elementary School, Graham, WA
24353 Mathias Road East, Graham, WA 98338
K-51.6 mi
Bethel Junior High School
22201 38th Avenue East, Spanaway, WA 98387
6-80.2 mi
Bethel High School
22215 38th Avenue East, Spanaway, WA 98387
9-120.2 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 22416 40th Ave E Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/04/2025
Price Reduced
$725,000
-6.45%
MLS
11/14/2025
Listed
$775,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 22416 40th Ave E

Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,901
3%
$567,000
5%
2024
$6,730
2%
$541,300
—
2023
$6,567
1%
$539,600
14%
2022
$6,499
8%
$473,200
16%
2021
$6,036
10%
$407,700
14%
2020
$5,504
17%
$358,900
14%
2018
$4,695
—
$314,300
12%
2018
$4,695
13%
$281,800
16%
2017
$4,148
9%
$243,800
13%
2016
$3,822
7%
$215,600
3%
2014
$3,556
—
$208,600
4%
2014
$3,556
—
$201,100
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Andrew Kramer | Redfin | (253) 201-3130 and Joe Vego | Redfin | (253) 201-3130

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22416 40th Avenue E, Spanaway, WA 98387 (MLS# 2451815) is a Multi-Family property with 3 units containing 0 bedrooms and 0 full bathrooms. 22416 40th Avenue E is currently listed for $725,000 and was received on November 14, 2025. Want to learn more about 22416 40th Avenue E? Do you have questions about finding other Multi-Family real estate for sale in Spanaway? You can browse all Spanaway real estate or contact a Coldwell Banker agent to request more information.

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