Two-Unit Duplex with Private
1206 N Marcus Rd Spokane Valley, WA 99216
New
For Sale
$475,000
MULTI_FAMILY - Spokane Valley, WA
Property Size2,432 SF
Lot Size0.29 Acres
Price / SF$195.31
Days on Market3
Property Features for 1206 N Marcus Rd
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 1, Bedroom 2, Bathroom 2
- Parking
- 2150
- Parking features
- Oversize, Garage
- Patio and Porch features
- Deck
- Basement
- Daylight
- Appliances
- Free-Standing Range, Dishwasher, Refrigerator
- Standard status
- Active
- APN
- 45141.1203
- Size
- 2,432 SF
- Lot size
- 0.29 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4534
Utilities
- Heating system
- Electric (Heating), Baseboard
Building Details
- Year built
- 1976
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Siding, Wood Siding
- Roof type
- Composition
Listing Agency:
Keller Williams Spokane - Main
(509) 458-4000
Listed By:
Mary Stanton
(509) 458-4000
Added: Jul 23
Changed: Jul 24
Last Checked: Jul 25 at 3:06AM
MLS# 202621379
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 units in a functional layout designed for comfortable day-to-day living. Each unit features 2 bedrooms and 1.5 baths, with vaulted ceilings and an open, airy floor plan. Additional in-unit outdoor space is provided by a private deck, and both units include an attached oversized garage with a shop area.
The property is located at 1206 N Marcus Rd in Spokane Valley, Washington, on a quiet cul-de-sac. It is associated with the Central Valley School District and is presented as having a proven rental history with long-term tenants.
With both units configured similarly, the duplex provides consistent use across the property while offering convenient garage and shop space for residents.
The property is located at 1206 N Marcus Rd in Spokane Valley, Washington, on a quiet cul-de-sac. It is associated with the Central Valley School District and is presented as having a proven rental history with long-term tenants.
With both units configured similarly, the duplex provides consistent use across the property while offering convenient garage and shop space for residents.
Key Highlights
- Duplex built in 1976 with two 2‑bedroom, 1.5‑bath units
- Approximately 1,216 sq. ft. per unit with vaulted ceilings and an open floor plan
- Each unit includes a private deck and an attached oversized garage with shop area
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 | $32.1k | $13.20 |
| − Vacancy | −$2.0k | −$0.81 |
| EGI | $30.1k | $12.39 |
| − OpEx | −$9.0k | −$3.72 |
| NOI | $21.1k | $8.67 |
2,432 SF · lease $13.20/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$301.2K
$263.6K – $351.4K
NOI $21,085 @ 7.0% cap · market cap 4.44%
Second Best
Apartment 5plus
$278.7K
$243.9K – $325.2K
NOI $19,510 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$528.3K
$462.3K – $616.4K
NOI $36,982 @ 7.0% cap · market cap 7.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Duplex - Well-maintained Spokane Valley duplex with two 2-bedroom units, private decks, and oversized attached garages.
Where is this duplex located?
The property is located at 1206 N Marcus Rd Spokane Valley, WA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Duplex built in 1976 with two 2‑bedroom, 1.5‑bath units; Approximately 1,216 sq. ft. per unit with vaulted ceilings and an open floor plan; Each unit includes a private deck and an attached oversized garage with shop area
