1216 W 11th Ave, Spokane, WA 99204
- Added:
- Mar 16, 2026
- Days on Market:
- 97
- Last Refresh:
- Jun 20 at 9:06 am
Property Features for 1216 W 11th Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 4
- Parking
- 1588
- Parking features
- Alley
- Patio and Porch features
- Deck
- Basement
- Walk-Out Access, Full, Partially Finished
- Appliances
- Free-Standing Range, Dishwasher, Refrigerator, Washer, Dryer, Hard Surface Counters
- Standard status
- Pending
- APN
- 35193.1510
- Size
- 2,632 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4396
Utilities
- Heating system
- Natural Gas, Forced Air, Baseboard, Electric (Heating)
Building Details
- Year built
- 1905
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Wood
- Building materials
- Wood Siding
- Roof type
- Composition
- Architectural style
- Craftsman
Listing agent Danny Pontius License #117555 (509) 953-9539
Listing office RE/MAX Citibrokers 2607 S Southeast Blvd - Ste A1, Spokane, WA (509) 444-0365
Listing date Mar 16, 2026
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.
HighLights
- Excellent investment opportunity with reliable rental history and long‑term tenants in place.
- Professionally managed property, owned by the same family for many years, indicating consistent care and oversight.
- Spacious main floor unit with approximately 2,632 square feet of living space.
- Classic architectural features and Craftsman style, adding charm and character.
- Two units, each with 2 bedrooms and 1 bathroom.
- Includes essential appliances: Free‑Standing Range, Dishwasher, Refrigerator, Washer, and Dryer.
Overview
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 | $45.8k | $17.40 |
| − Vacancy | −$2.8k | −$1.06 |
| EGI | $43.0k | $16.34 |
| − OpEx | −$12.9k | −$4.90 |
| NOI | $30.1k | $11.44 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Spokane
- County
- Spokane
- State
- Washington
- Longitude
- -117.430203
- Latitude
- 47.645584
