523 159th St E

Tacoma, WA 98445

$749,999
Price
4
Beds
2
Baths
2,016 Sq. Ft.
$372 / Sq. Ft.
2,016
Sq. Ft.
$372
per Sq. Ft.

Description

An investors dream! Come buy your newly renovated duplex in the heart of the Bethel district! Newly updated flooring and stainless-steel appliances await you in this beautifully renovated duplex. Each unit comes with two beds and one bath and also includes a sunken living room with a beautiful fireplace. Huge kitchen with tons of eating and counter space + tons of natural light. Outside has a large fenced lot that awaits your new tenants. Close to schools, shopping, freeways, JBLM, and local parks....An investors dream! Come buy your newly renovated duplex in the heart of the Bethel district! Newly updated flooring and stainless-steel appliances await you in this beautifully renovated duplex. Each unit comes with two beds and one bath and also includes a sunken living room with a beautiful fireplace. Huge kitchen with tons of eating and counter space + tons of natural light. Outside has a large fenced lot that awaits your new tenants. Close to schools, shopping, freeways, JBLM, and local parks. This is one you won’t want to miss out on. Perfect opportunity for a house hack or use the upgrades to get top market rent! Buyer to verify all information to their satisfaction

Listing Agent

  1. Malik Sims

    Malik Sims

    Listing Agent

    Compass

    malik.sims@compass.com

    P: (425)-614-7929

Property Details for 523 159th Street East

Community Name
Bethel
School District
Bethel
View
Territorial
Number of Assigned Spaces
4
Total Covered Parking
2
Entry Date
03-19-2025
Energy Source
Electric
Sewer
Septic Tank
LISTING UPDATED: 03/21/2025 04:03 PM

Property Details for 523 159th Street East

StatusActive
MLS #2346180
Days on Market11
Cumulative Days on Market11
Taxes$5,590 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1977
Lot Size0.31 AC / 13,502 SF
CountyPierce County
Buyer's Agent Compensation2.5%

Virtual Tour

Building Information for 523 159th Street East

Stories1Residences2Year Built1977Building Size-Lot Size0.31 AC / 13,502 SF

Property Information for 523 159th Street East

Summary
Location and General Information
  • Style: 52 - Duplex
  • Site Features: Cable TV, Fenced-Fully, High Speed Internet
  • Area: 99 - Spanaway
  • Elementary School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify
  • High School: Buyer To Verify
  • Effective Year Built Source: Public Records
  • Directions: GPS for accurate directions!
  • 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
  • Open Parking Spaces: 2.0
  • Open Parking: Yes
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: 0
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Vinyl
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Baseboard
  • FIRPTA: No
Exterior Features
  • Exterior: Brick, Wood
  • Roof: Composition
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 160
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: County
  • Foundation: Poured Concrete
  • Zoning Remarks: Multi-Family
  • 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: 1993
  • Photos Count: 32
Lot Information
  • Lot Details: Dead End Street, Open Space, Secluded, Value In Land
  • Lot Size Source: Realist
  • Parcel Number Free Text: 7400000225
  • Calculated Square Footage: 2016
  • Structure Type: Duplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 2016.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 2
  • Number of Stories in Building: 1
  • Vacancy Rate: 50
  • Number Of Units Total: 2
  • Units Below Grade: false
  • Units In Building Total: 2
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 7453
  • Gross Adjusted Income: 49884
  • Gross Rent Multiplier: 15
  • Gross Scheduled Income: $59,100
  • Insurance Expense: $1,703
  • Net Operating Income: $49,884
  • Other Expenses: $0
  • Total Monthly Income: 4925
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 521
  • Washer/Dryer Unit 1: false
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: true
  • Square Feet Unit 1: 1006
  • Rent Unit 1: $2,333.00
  • Bedrooms Unit 1: 2
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: 523
  • Washer/Dryer Unit 2: false
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: true
  • Square Feet Unit 2: 1006
  • Rent Unit 2: $2,592.00
  • Bedrooms Unit 2: 2
  • Bathrooms Unit 2: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 2016.0
  • Leasable Area Units: Square Feet

Property History for 523 159th Street East

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 523 159th Street East

Taxable ValueLand$101,000Additions$244,000Total$345,000
Tax Record2020$4,476 ($373 / month)
Home Facts
Total Finished SqFt2,016 SqFtAbove Ground SqFt2,016 SqFtStories1Lot Size13,502 SqFtStyleDuplexYear Built1977Year Renovated1987ZoningMSFCountyPIERCEAPN7400000225Fireplace TypeSingle

Schools near 523 159th Street 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 - 9 to 12
Rating
School
Distance
Chester H Thompson 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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523 159th Street East is a multi-family home for sale in Tacoma, WA 98445. This property was listed for sale on March 19, 2025 by Compass, it's currently listed at $749,999. This listing's school district is Bethel School District. Nearby schools include Chester H Thompson Elementary School, Spanaway Junior High School and Spanaway Lake High School. 523 159th Street East is a 4-bed, 2-bath, 2,016 sqft multi-family home built in 1977.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of COMPASS

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 03/30/2025 07:22 AM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.