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JRJeff ReynoldsCompass · Seattle

Listed by Rob Morrison, Better Properties Real Estate

Land
Type
197,327 sq ft
Lot
59
Days on market

About this property

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 asking price. (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.

Location & commute

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Directions

Property details

Listing details

Listing number
#2522396
Listed
May 15, 2026
Days on market
59

Construction

Style
42 - Multi-Family
Structure
None

Lot

Lot features
Paved
Lot size
197,327 sq ft

Terms

Terms offered
CashConventional

Utilities

Utilities
Electricity Connected
Water
On Property
Sewer
In Street

Schools

District
Bethel

What stands out to you?

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  • None
  • Paved
  • Cash
  • Conventional
  • Electricity Connected
  • On Property
  • In Street

Listing history

  1. Listed

    $2,900,000

    May 15, 2026

Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.

Payment estimate

An estimate to help you plan, not a loan offer or financial advice.

Est. monthly

$16,887

Principal & interest
$14,664
Property tax (est.)
$2,223

Assumes $580,000 down (20%), a $2,320,000 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.

Similar nearby listings

Based on information submitted to the MLS GRID as of July 14, 2026 at 12:00 AM PDT. 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.