Under $500K Investment Properties for Sale in Spanaway, WA
781- 3 Bed
- 3 Bath
- 1751 sft
408- 4 Bed
- 3 Bath
- 2148 sft
14- 3 Bed
- 3 Bath
- 1490 sft
676- 4 Bed
- 2 Bath
- 1766 sft
Why Invest in Spanaway, Washington?
Spanaway, WA offers compelling value for investors seeking properties under $500k in the Pacific Northwest. Located 10 miles south of Tacoma with a median home price around $500k, the market provides strong rental demand driven by proximity to Joint Base Lewis-McChord and MultiCare healthcare employment. The area has experienced 6.4% year-over-year price appreciation, with rental yields averaging 6.4% and cap rates near 5.2%. Properties under $500k represent the sweet spot for cash flow investors, with average monthly rents of $2,676 supporting solid returns in a growing suburban market.
Frequently Asked Questions
Spanaway offers strong rental yields (6.4%) and appreciation (6.4% YoY) at price points significantly lower than Seattle or Tacoma. The area's proximity to Joint Base Lewis-McChord and MultiCare employment centers ensures consistent tenant demand, while average rents of $2,676 support solid cash flow for sub-$500k properties.
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