Vacant Duplex with Detached
10906 E 17th Ave Spokane Valley, WA 99206
New
10906 E 17th Ave, Spokane Valley, WA, 99206
$550,000
For Sale
$550,000
MULTI_FAMILY - Ranch - Spokane Valley, WA
Property Size2,704 SF
Lot Size0.36 Acres
Price / SF$203.40
Days on Market7
Property Features for 10906 E 17th Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 3, Basement, Bedroom 1, Bedroom 4
- Parking
- 9
- Parking features
- Offsite, Garage, Open, Oversize
- Patio and Porch features
- Patio
- Interior features
- Hot Water
- Basement
- Partial, Partially Finished, Walk-Out Access
- Appliances
- Free-Standing Range, Dishwasher, Refrigerator
- Standard status
- Active
- APN
- 45282.4021
- Size
- 2,704 SF
- Lot size
- 0.36 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5582
Utilities
- Heating system
- Forced Air, Natural Gas
Building Details
- Year built
- 1972
- Floors in Building
- 1
- Number of units
- 2
- Building materials
- Wood Siding
- Roof type
- Metal
- Architectural style
- Ranch
- Additional Structures
- Workshop
Listing Agency
EXIT Real Estate Professionals
(509) 535-8400
1403 S Grand Blvd STE 101N, Spokane, WA
Listed by
Mike Hansen · License #20120710
(509) 535-8400
Added: Jul 11 Checked: Jul 17 at 11:06 am
MLS# 202620815
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 ranch-style duplex includes two units that are currently vacant. Each unit features two bedrooms and two bathrooms, along with an additional non-egress bedroom. Detached one-car garages, gas forced-air heat, and gas water heaters are included for each unit, and new vinyl flooring has been installed. The interior and exterior have been recently painted, supporting move-in readiness.
The property also includes an insulated four-car shop with water and power, plus a small finished loft that can serve a variety of flex needs.
On-site features include multiple garages and a shop building, providing practical space for storage, workspace, or other supplemental uses while the duplex units provide the core residential income component.
The property also includes an insulated four-car shop with water and power, plus a small finished loft that can serve a variety of flex needs.
On-site features include multiple garages and a shop building, providing practical space for storage, workspace, or other supplemental uses while the duplex units provide the core residential income component.
Key Highlights
- Duplex built in 1972 with both units vacant, ready for you to set current market rents or live in one unit
- Each unit offers 2 bedrooms, 2 bathrooms, plus an additional non‑egress bedroom
- Gas forced‑air heat and a gas water heater in each unit
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 | $35.7k | $13.20 |
| − Vacancy | −$2.2k | −$0.81 |
| EGI | $33.5k | $12.39 |
| − OpEx | −$10.0k | −$3.72 |
| NOI | $23.4k | $8.67 |
2,704 SF · lease $13.20/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$334.9K
$293.0K – $390.7K
NOI $23,443 @ 7.0% cap · market cap 4.26%
Second Best
Apartment 5plus
$309.9K
$271.2K – $361.5K
NOI $21,692 @ 7.0% cap · market cap 3.94%
Theoretical Best
Office A
$587.4K
$514.0K – $685.3K
NOI $41,118 @ 7.0% cap · market cap 7.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two vacant ranch units each offer 2 beds, 2 baths, plus a non-egress bedroom and detached garage.
Where is this duplex located?
The property is located at 10906 E 17th Ave Spokane Valley, WA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Duplex built in 1972 with both units vacant, ready for you to set current market rents or live in one unit; Each unit offers 2 bedrooms, 2 bathrooms, plus an additional non‑egress bedroom; Gas forced‑air heat and a gas water heater in each unit
