$349,200
Est. $1,849/mo3 bd•2 ba•1,931 sq ft
1115 168th Street E, Spanaway, WA 98387
• Listed 2026-09-21•New today
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Bring your vision to this unique Spanaway investment and development opportunity! Situated on a fully fenced .75-acre lot, this property offers two existing homes along with exciting potential for future use or redevelopment. The main home is approximately 1,215 sq. ft., with an additional 716 sq. ft. dwelling on the property. With zoning that may allow for up to 5 units, there are a variety of possibilities for investors, builders, and developers to explore. The existing homes provide an opportunity for substantial renovation or redevelopment depending on your plans for the property. Conveniently located near Pacific Avenue, shopping, schools, Spanaway Lake, and local parks and recreation. Cash sale only. Property is being sold as-is. Buyer to verify zoning, subdivision, development potential, and all property information to their satisfaction.
Listed by Adeline Denslow • BHGRE - Northwest Home Team
Listing updated: September 21, 2026 at 04:27pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2585307
1115 168th Street E, Spanaway, WA 98387
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Neighborhood mobility
School information is unavailable for this listing. School boundaries can change, so verify the assigned schools with the district before purchasing.
6 programs may be available to provide you with up to $55,000 in down payment assistance, depending on your specific information.
$2,318 per month
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Spanaway is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Many homes get multiple offers, some with waived contingencies.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 5 days.
$237,000 Sold
2 weeks ago
2 bd•2 ba•Single Family
1904 177th Street Ct E #32, Spanaway, WA 98387
3%
Over list
—
Days on market
0.8 mi
Distance
$623,877 Sold
5 weeks ago
4 bd•2.5 ba•~2,482 sq ft•Single Family
16724 8th Avenue Ct E #12, Spanaway, WA 98387
2%
Over list
—
Days on market
0.2 mi
Distance
$425,000 Sold
6 weeks ago
3 bd•1 ba•~1,224 sq ft•Single Family
17403 Spanaway Lane E, Spanaway, WA 98387
0%
Over list
—
Days on market
0.5 mi
Distance
$685,653 Sold
7 weeks ago
5 bd•3.25 ba•~2,811 sq ft•Single Family
821 166th Street Ct E #49, Spanaway, WA 98387
2%
Over list
—
Days on market
0.3 mi
Distance
$673,960 Sold
7 weeks ago
5 bd•3.25 ba•~2,811 sq ft•Single Family
16423 8th Avenue Ct E #33, Spanaway, WA 98387
1%
Over list
—
Days on market
0.3 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Sep 2026
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of September 21, 2026 at 04:27pm (date and time MLS GRID Data was obtained). 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.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
© 2026 Northwest Multiple Listing Service. All rights reserved.
Equal Housing Opportunity. RexMont Real Estate is pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin.
Open houses
No upcoming open houses scheduled for this property.
Nearby open houses (4)
See more →
Open Tue, Sep 22 +8
Open Tue, Sep 22 +8
Open Tue, Sep 22 +8
Open Tue, Sep 22 +8$550,000
+$200,800 over list price
Nearby comparable homes
RexMont uses 5 strongest recent nearby sales, priced between $420K and $589K.
Rental earnings
$1,650/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$489,000Last sold price
1327 181st Street Ct E, Spanaway, WA 98387
$420,000Last sold price
1625 181st Street E, Spanaway, WA 98387
Estimate is a comp-supported screen, not an appraisal or broker price opinion. Ask RexMont for a property-specific pricing review before writing or accepting an offer.
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