1602 172nd Street E, Spanaway, WA 98387

Spanaway
Local realty services provided by:Better Homes and Gardens Real Estate Pacific Commons
Listed by: matt j. harris
Office: compass
MLS#:2540752
Source:NWMLS
1602 172nd Street E,Spanaway, WA 98387
$800,000
  • 0.87 Acres
  • Lots / Land
  • Active

Price summary

  • Price:$800,000

About this home

Rare opportunity to acquire a 0.87-acre infill development site in the heart of Spanaway, one of Pierce County’s fastest-growing residential corridors. Zoned NCOR (Neighborhood Corridor), the property benefits from an allowable residential density of 24 to 40 dwelling units per acre, supporting efficient, higher-density housing within an established urban neighborhood. The current conceptual development plan includes six newly constructed fourplex buildings together with the adaptive reuse and conversion of the existing residence into a fourplex, creating a 28-unit residential community. Incorporating the existing home into the development concept offers a meaningful advantage by preserving a substantial portion of the existing structure, potentially reducing demolition costs, shortening construction timelines, lowering material requirements, and maximizing the productive use of improvements already in place. This approach also provides an opportunity to enhance overall project...

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Home facts

  • Subdivision & Development:Spanaway
  • Listing ID #:2540752
  • Updated:August 14, 2026 at 11:20 AM

Structure and exterior

  • Lot area:0.87 Acres
  • Lot Features:Paved

Schools

  • High school:Buyer To Verify
  • Middle school:Buyer To Verify
  • Elementary school:Buyer To Verify

Utilities

  • Water:On Property
  • Sewer:Available, In Street

Finances and disclosures

  • Price:$800,000
  • Tax amount:$7,178 (2026)
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