Well-Maintained Duplex with
10720 & 10722 E SPRINGFIELD Ave Spokane Valley, WA 99206
For Sale
$525,000
MULTI_FAMILY - Ranch - Spokane Valley, WA
Property Size3,816 SF
Lot Size0.25 Acres
Price / SF$137.58
Days on Market93
Property Features for 10720 & 10722 E SPRINGFIELD Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Zoning
- R
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 4, Bedroom 5, Bedroom 1, Bathroom 3, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 3
- Parking features
- Offsite, Open
- Patio and Porch features
- Patio
- Interior features
- Hot Water, High Speed Internet
- Fireplace
- 1
- Basement
- Full, Finished
- Appliances
- Free-Standing Range, Refrigerator
- Standard status
- Active
- APN
- 45163.0167
- Size
- 3,816 SF
- Lot size
- 0.25 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5237
Utilities
- Utilities
- Cable Available
- Heating system
- Heat Pump (Heating), Natural Gas, Forced Air, Hot Water(Heating)
Building Details
- Year built
- 1962
- Floors in Building
- 1
- Number of units
- 2
- Building materials
- Brick
- Roof type
- Composition
- Architectural style
- Ranch
Listing Agency:
Realty One Group Eclipse
(509) 327-2238
Listed By:
Krystle Atkins · License #131962
(509) 327-2238
Added: Apr 24
Changed: Jun 17
Last Checked: Jul 25 at 8:06AM
MLS# 202616094
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 well-maintained duplex offers two separate residential units. Each unit includes an attached one-car garage with an opener. Inside, some hardwood flooring adds character, while both units provide outdoor space with covered patios. A fully fenced backyard supports tenant privacy and everyday usability.
The property is located in Spokane Valley, Washington, on E Springfield Ave, close to schools and shopping. Public remarks also note proximity to Dishman Hills and easy freeway access, supporting convenient daily travel for residents.
The configuration makes this duplex practical for multiple ownership approaches, including living in one unit while renting the other. It may also appeal to buyers seeking a residential income property with established rental performance, as described in the remarks. With garages, covered patios, and a fenced yard, the layout is designed for comfortable, straightforward resident living.
The property is located in Spokane Valley, Washington, on E Springfield Ave, close to schools and shopping. Public remarks also note proximity to Dishman Hills and easy freeway access, supporting convenient daily travel for residents.
The configuration makes this duplex practical for multiple ownership approaches, including living in one unit while renting the other. It may also appeal to buyers seeking a residential income property with established rental performance, as described in the remarks. With garages, covered patios, and a fenced yard, the layout is designed for comfortable, straightforward resident living.
Key Highlights
- Duplex with ranch‑style architecture, built in 1962
- Brick construction with a composition roof
- Each unit includes an attached one‑car garage with opener
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 | $50.4k | $13.20 |
| − Vacancy | −$3.1k | −$0.81 |
| EGI | $47.3k | $12.39 |
| − OpEx | −$14.2k | −$3.72 |
| NOI | $33.1k | $8.67 |
3,816 SF · lease $13.20/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$472.6K
$413.6K – $551.4K
NOI $33,084 @ 7.0% cap · market cap 6.30%
Second Best
Apartment 5plus
$437.3K
$382.7K – $510.2K
NOI $30,613 @ 7.0% cap · market cap 5.83%
Theoretical Best
Office A
$829.0K
$725.4K – $967.1K
NOI $58,028 @ 7.0% cap · market cap 11.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two residential units each with an attached one-car garage, covered patios, and a fully fenced backyard.
Where is this duplex located?
The property is located at 10720 & 10722 E SPRINGFIELD Ave Spokane Valley, WA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Duplex with ranch‑style architecture, built in 1962; Brick construction with a composition roof; Each unit includes an attached one‑car garage with opener
