522 Field Rd E Unit 1-4, Spanaway, WA 98387

Listed by Dan Swanson • Kidder Mathews. Bought with Keller Williams Rty Tacoma.

Off Market Jan 2020 for $590K

$578,699

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sq ft

522 Field Rd E Unit 1-4, Spanaway, WA 98387

About this home

Built in 1981, the property features an excellent unit mix of spacious 2-bedroom/2-bathroom townhome units. Currently the building is priced at a 6% cap rate with the opportunity to increase the CAP up to 7% simply by stabilizing current rent levels. Near Hwy 7, Hwy 507, and I-5. Close to restaurants, shopping, entertainment. According to CoStar, the Spanaway submarket has seen rents increase over 14% in the past three years and its vacancy is a mere 3.6%. Bank financing with 25% down available.

Multi-familyProperty Type

1981Year Built

0.53 acresLot Size

4 spacesParking

Listed by Dan Swanson • Kidder Mathews

Bought with David Pichler • Keller Williams Rty Tacoma

Redfin checked: a minute ago

•Source:NWMLS as Distributed by MLS Grid #1546244

Redfin Estimate

$578,699

$11K since sold in January 2020$15K since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 19.7% higher than the average sale price ($483K) of 6 comparable homes.

SOLD AUG 28, 2026
$465,000
A
3 beds2 baths1,365 sq ft
902 195th Street Ct E, Spanaway, WA 98387
SOLD AUG 31, 2026
$530,000
B
4 beds3 baths2,099 sq ft
1010 200th Street Ct E, Spanaway, WA 98387
SOLD AUG 13, 2026
$499,000
C
4 beds2 baths1,636 sq ft
1204 199th St E, Spanaway, WA 98387
SOLD JUL 27, 2026
$511,500
D
3 beds3 baths1,872 sq ft
18905 8th Ave E, Spanaway, WA 98387
SOLD MAR 19, 2026
$550,000
E
3 beds2.5 baths2,142 sq ft
19215 6th Ave E, Spanaway, WA 98387
SOLD JUL 29, 2026
$345,000
F
3 beds1 bath960 sq ft
19413 Crescent Dr E, Spanaway, WA 98387

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Earn from this home

Sell

$127,386

Est. take-home

List your home with Redfin and save $5,787

Market trends in 98387, WA

Last updated August 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

100.6%

+0.3% MoM

Median sale price

$510K

$10K MoM

Avg. days on market

21d

5 days MoM

Recently sold homes

172

17 MoM

New listings for sale

OPEN TODAY, 12:01PM TO 3PM
$487,000
3 beds2.5 baths1,623 sq ft
19206 18th Ave Ct E, Spanaway, WA 98387
Christina Alsharbini • John L. Scott Dupont
NEW 13 HRS AGO
$730,000
3 beds2.5 baths2,324 sq ft
21317 23rd Ave E, Spanaway, WA 98387
Jim Clifton • Keller Williams Realty
OPEN TODAY, 11AM TO 1PM
$460,000
3 beds2 baths1,352 sq ft
22422 45th Ave E, Spanaway, WA 98387
Alissa Patterson • John L. Scott, Inc.
NEW 19 HRS AGO
$598,000
4 beds3 baths3,093 sq ft
4712 204th Street Ct E, Spanaway, WA 98387
Jim Clifford • Washington Realty Group
NEW 24 HRS AGO
$350,000
3 beds1.5 baths960 sq ft
19421 Aurora Dr E, Spanaway, WA 98387
Josh Norris • John L. Scott, Inc.
VIDEO TOUR
$530,000
3 beds2 baths1,544 sq ft
3511 248th Street Ct E, Spanaway, WA 98387
Karen Carr • John L. Scott Orting
OPEN TODAY
$449,950
3 beds2 baths1,352 sq ft
19920 14th Ave E, Spanaway, WA 98387
Isaac Schaefer • Realty One Group Turn Key
$395,000
3 beds1 bath960 sq ft
117 176th St E, Spanaway, WA 98387
Karloc Paden • RE/MAX Northwest
COMING SOON
$640,000
4 beds3.5 baths2,867 sq ft
2412 201st Street Ct E, Spanaway, WA 98387
Niki Shelton • Real Broker LLC
$244,999
2 beds2 baths1,452 sq ft
17712 19th Avenue Ct E, Spanaway, WA 98387
Megan Bonifant • John L. Scott Orting
See all

Provided by Redfin

Sale history for 522 Field Rd E Unit 1-4

Public record

Beds

—

Baths

—

Stories

—

Lot width

—

Lot depth

—

Lot size

—

Year renovated

—

Sq. Ft.

—

Year built

—

Style

Multi-Family (2-4 Unit)

County

Pierce County

APN

0318045060

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Dec 5, 2019.

Property details

Parking

Parking Information
Covered Spaces: 4

Interior

Interior Features
Interior Features: Forced Air, Wall to Wall Carpet
Flooring: Vinyl, Carpet

Multi-Family Financial Information
Insurance Expense: $2,884
Other Expense: $10,070
Net Operating Income: $35,453
Gross Adjusted Income: 56191
Gross Scheduled Income: $59,148
Total Monthly Income: 4929
Gross Rent Multiplier: 10
Total Expenses: 20737

Multi-Unit Information
Units Below Grade: false
Units In Building Total: 4
Vacancy Rate: 5
# of Units (Total): 4
Furnished: Unfurnished

Exterior

Building Information
Roof: Composition

Exterior Features
Exterior Features: Wood, Wood Products

Property Information
Style Code: 54 - 4-Plex
Property Type: Residential Income
Property Sub Type: Multi Family

Lot Information
MLS Lot Size Source: county records
Lot Size Units: Square Feet
Lot Size Acres: 0.5271
Elevation Units: Feet

Financial

Tax Information
Tax Annual Amount: $6,071
Tax Year: 2019

Financial Information
Listing Terms: Cash Out, Conventional
Buyer Financing: Not Disclosed

Utilities

Utility Information
Water Source: Private, Shared Well
Sewer: Septic Tank
Utilities: Septic System, Electric
Water Sewer Garbage: 1712

Location

HOA Information
Association Fee Frequency: Annually

School Information
High School District: Bethel

Location Information
Directions: From WA-7 turn northeast onto Field Rd. Destination on right.

Public facts

Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (2-4 Unit)
Year Built: —
Year Renovated: —
County: Pierce County
APN: 0318045060

Home facts updated by county records on Dec 5, 2019

Other

Listing Information
Mls Status: Sold

Listing Date Information
On Market Date: Thursday, December 5, 2019

Green Information
Power Production Type: Electric

Home Information
Living Area Units: Square Feet
Calculated Square Footage: 0
Building Area Total: 0
Building Area Units: Square Feet
Foundation Details: Poured Concrete
Structure Type: Quadruplex
Stories Total: 2

Around this home

Schools

Camas Prairie Elementary School

Public K-5 • Assigned • 1.3mi

6/10

Cedarcrest Junior High School

Public 6-8 • Assigned • 0.7mi

3/10

Spanaway Lake High School

Public 9-12 • Assigned • 2.1mi

4/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 87° expected this year, 15 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

7/10 Air Factor

9 unhealthy days expected this year, 10 days in 30 years

Provided by First Street

Historical weather

Spanaway, WA • 98387

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 8.9 hours in June and 1.7 hours in December, placing it below the U.S. average for solar exposure.

8.9 hrs

1.7 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$550,000 – $666,000

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New listings for sale in 98387

OPEN TODAY, 12:01PM TO 3PM

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Josh Norris • John L. Scott, Inc.

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Karen Carr • John L. Scott Orting

OPEN TODAY

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Isaac Schaefer • Realty One Group Turn Key

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Karloc Paden • RE/MAX Northwest

COMING SOON

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Niki Shelton • Real Broker LLC

Home values near 522 Field Rd E Unit 1-4

Data from public records.

Address	Redfin Estimate
403 Field Rd E, Spanaway, WA - Beds \| - Baths \| 2448 Sq. Ft.	—
528 Field Rd E, Spanaway, WA 3 Beds \| 1 Baths \| 1304 Sq. Ft.	$443,116

Address	Redfin Estimate
401 Field Rd E Apartment B, Spanaway, WA 4 Beds \| 2 Baths \| 1628 Sq. Ft.	$501,228
521 Field Rd E, Spanaway, WA 3 Beds \| 2 Baths \| 1760 Sq. Ft.	$556,688

Address	Redfin Estimate
530 Field Rd E, Spanaway, WA 3 Beds \| 1 Baths \| 1080 Sq. Ft.	$423,268
515 Field Rd E, Spanaway, WA 3 Beds \| 2 Baths \| 1080 Sq. Ft.	$462,803

Property information provided by NWMLS as Distributed by MLS Grid when last listed in 2019. This data may not match . Learn more.

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