Spanaway Homes with 42 - Multi-Family Style

Welcome to Spanaway, Washington—an enchanting gem nestled in Pierce County, just south of Tacoma. Known for its serene landscapes and tight-knit community, Spanaway offers a perfect blend of suburban charm and access to the great outdoors. With its picturesque parks, including the stunning Spanaway Lake Park, residents enjoy a wealth of recreational opportunities, from boating and fishing to hiking and picnicking.

For those looking to invest in multi-family homes, Spanaway presents a unique opportunity. With a diverse selection of properties available, ranging from quaint duplexes to larger multi-family complexes, this area is ideal for both seasoned investors and first-time buyers. The multi-family homes in Spanaway cater to a variety of lifestyles, providing ample space and comfort for families, while also offering potential rental income for savvy investors.

Spanaway's real estate market is thriving, bolstered by its proximity to major employment centers and the natural beauty of the Pacific Northwest. The community is characterized by its friendly atmosphere, excellent schools, and a variety of local amenities, including shops, restaurants, and cultural attractions.

Whether you’re looking to create a family home or expand your investment portfolio, Spanaway’s multi-family properties offer a promising opportunity in a growing market. Embrace the charm of this delightful city and discover the perfect home that suits your needs in Spanaway, where community spirit and natural beauty come together harmoniously.

Newest Spanaway Homes with 42 - Multi-Family Style

$1,600,000

2559936 MLS ⋅ ACTIVE Status

Pleased to present 19010 B Street East, Spanaway, Washington, a 2.19-acre infill development site zoned Urban Corridor (UCOR) within Pierce County jurisdiction. The UCOR designation provides flexible development opportunities, including attached single-family homes, townhomes, and multifamily residential development. The property is supported by a massing study demonstrating the potential for approximately 72 to 84 multifamily units. In addition, significant due diligence work has already been completed, including land survey, tree, biological, environmental, geotechnical (soils), and traffic studies. The site also benefits from a Pierce County 8-inch PVC sewer main stubbed to the property, providing critical utility infrastructure to support future development. Further enhancing the site, Pierce County’s CRP 5111 roadway improvement project (B Street East – 176th to 192nd Street East) is scheduled for construction in 2027 and will deliver new curb, gutter, sidewalk, and ADA-compliant ramps along the frontage and surrounding street network, significantly improving access, connectivity, and long-term development readiness. With much of the preliminary planning and entitlement groundwork already in place, this opportunity significantly reduces the time and risk associated with the entitlement process while accelerating the path toward project approval and construction in one of Pierce County’s fastest-growing submarkets.

19010 B Street, Spanaway

Listing Broker: Kidder Mathews; David A. Kelley; 360-705-2800; austin.kelley@kidder.com

$1,500,000

2537950 MLS ⋅ ACTIVE Status

2.4-acre development site in high-growth South Pierce County, zoned Urban Corridor (UC). UC permits high-density multifamily up to 60 units/acre. Buyer can pursue a substantial multifamily or townhome program subject to site fit, height, and parking. Located within 0.5 mile of the new Spanaway Transit Center, the site may qualify for reduced or exempt parking under transit-oriented standards (buyer to verify). Dual access from 208th St E and 16th Ave E offers strong site-planning flexibility. Walkable to Fred Meyer and daily retail; minutes from SR-7 and Amazon's 1.1M SF Spanaway fulfillment campus. Sewer extension underway on 208th St E with expected completion this Fall. A rare high-density land play in a supply-constrained submarket with expanding employment and proven rental demand.

1713 208th Street E, Spanaway

Listing Broker: Northmarq Multifamily, LLC; Taylor Wyman; 952-356-0100; twyman@northmarq.com

$2,600,000

2522396 MLS ⋅ ACTIVE Status

Rare investment opportunity! Just over 4.5 acres of vacant land zoned high density residential in the fast-growing community of Spanaway. Preliminary design already done for 120-unit apartment complex with access off of both 6th Ave E and 8th Ave E. (See attached supplement) All utilities are already on site or in the street. Recently appraised for 2.9 M (See atached appraised value statment) Complete appraisal available with accepted offer. Second parcel address is listed as 19525 6th Ave E. Both parcels are adjoining and being sold together.

19608 8th Avenue E, Spanaway

Listing Broker: Better Properties Real Estate; Rob Morrison; 253-381-7699; robsbetterproperties@gmail.com

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