Remodeled Duplex With Two Leased
1014 W Spofford Ave Spokane, WA 99205
1014 W Spofford Ave, Spokane, WA, 99205
$389,000
For Sale
$389,000
MULTI_FAMILY - Colonial - Spokane, WA
Property Size2,284 SF
Lot Size0.07 Acres
Price / SF$170.32
Days on Market126
Property Features for 1014 W Spofford Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bedroom 3, Basement, Bedroom 1, Bedroom 5, Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 2
- Parking features
- Offsite
- Interior features
- Hot Water, Pantry
- Basement
- Full, Walk-Out Access
- Appliances
- Free-Standing Range, Dishwasher, Refrigerator
- Standard status
- Active
- APN
- 35073.4610
- Size
- 2,284 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2527
Utilities
- Heating system
- Natural Gas, Forced Air
Building Details
- Year built
- 1908
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Asbestos
- Roof type
- Composition
- Architectural style
- Colonial
Listing Agency
EXIT Real Estate Professionals
(509) 535-8400
1403 S Grand Blvd STE 101N, Spokane, WA
Listed by
Kali Butler · License #89559
(509) 535-8400
Added: Mar 14 Checked: Jul 17 at 4:06 pm
MLS# 202613550
Listing URL
Copyright © 2026 Spokane Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This remodeled duplex features two separately updated units with current leases. The lower unit includes 3 bedrooms and 1 bathroom, plus a 4th bonus room, with an open-concept living and dining area. The kitchen is laid out for an island and includes new appliances, and there is a walk-in butler’s pantry with built-ins. Two main-level bedrooms sit next to a full guest bath, while the lower level adds an oversized egress bedroom, laundry area, and additional bonus room. Access is available from the front foyer or the back entry.
The updated upstairs unit offers a welcoming living space, two large storage areas, and laundry off the kitchen. It also includes an oversized bedroom with a walk-in closet and a 3/4 bath with a tiled shower, along with a kitchen designed for dining. A brand-new HVAC was installed.
The property is located at 1014 W Spofford Ave in Spokane, WA 99205, just off Monroe and close to local shops and eateries. Parking is available via street parking in front or a 1-car garage accessed via alley, and extensive updates include fresh paint, new cabinets and counters, flooring, and landscaping.
The updated upstairs unit offers a welcoming living space, two large storage areas, and laundry off the kitchen. It also includes an oversized bedroom with a walk-in closet and a 3/4 bath with a tiled shower, along with a kitchen designed for dining. A brand-new HVAC was installed.
The property is located at 1014 W Spofford Ave in Spokane, WA 99205, just off Monroe and close to local shops and eateries. Parking is available via street parking in front or a 1-car garage accessed via alley, and extensive updates include fresh paint, new cabinets and counters, flooring, and landscaping.
Key Highlights
- Duplex built in 1908 with colonial architectural style and composition roof
- Lower unit has 3 beds and 1 bath plus a 4th bonus room, including an oversized egress bedroom
- Updated kitchen includes new appliances and a walk‑in butler's pantry with built‑ins
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.7k | $17.40 |
| − Vacancy | −$2.4k | −$1.06 |
| EGI | $37.3k | $16.34 |
| − OpEx | −$11.2k | −$4.90 |
| NOI | $26.1k | $11.44 |
2,284 SF · lease $17.40/SF/yr · vacancy 6.08% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$373.3K
$326.6K – $435.5K
NOI $26,128 @ 7.0% cap · market cap 6.72%
Second Best
Apartment 5plus
$324.5K
$284.0K – $378.6K
NOI $22,717 @ 7.0% cap · market cap 5.84%
Theoretical Best
Office A
$589.3K
$515.6K – $687.5K
NOI $41,249 @ 7.0% cap · market cap 10.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Remodeled duplex offering two leased units, updated kitchens, walk-in pantry, and 1-car garage with street parking.
Where is this duplex located?
The property is located at 1014 W Spofford Ave Spokane, WA.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Duplex built in 1908 with colonial architectural style and composition roof; Lower unit has 3 beds and 1 bath plus a 4th bonus room, including an oversized egress bedroom; Updated kitchen includes new appliances and a walk‑in butler's pantry with built‑ins
