Modern Duplex Built in
For Sale
$857,300
12809 N Jaydee Ln, Spokane, WA 99208
MULTI_FAMILY - Contemporary - Spokane, WA
Property Size3,534 SF
Lot Size0.41 Acres
Price / SF$242.59
Days on Market159
Property Features for 12809 N Jaydee Ln
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 3, Bathroom 2, Bathroom 5, Bedroom 6, Bathroom 4, Bedroom 4, Bedroom 1, Bathroom 3, Bathroom 1, Bathroom 6, Bedroom 5, Bedroom 2
Parking features
Open
Patio and Porch features
Patio
Interior features
Hot Water, Smart Thermostat, Pantry, Kitchen Island, Windows Vinyl
Basement
Crawl Space
Appliances
Free-Standing Range, Dishwasher, Refrigerator, Disposal, Microwave, Washer, Dryer
Lot features
Fenced Yard, Treed, Level, Cul-De-Sac, City Bus (w/in 6 blks)
Elementary school
Brentwood
Middle school
Northwood
High school
Mead
Elementary school district
Mead
Standard status
Active
APN
36054.4205
Size
3,534 SF
Lot size
0.41 Acres
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Amenities
open-concept floor plan
9-foot ceilings
LVP flooring
quartz countertops
under-mount sinks
soft-close drawers
large pantry
primary suite with walk-in closets
large windows
Building Details
Year built
2023
Floors in Building
2
Number of units
2
Building materials
Siding, Fiber Cement
Roof type
Composition
Architectural style
Contemporary
Listing Agency:
REAL Broker LLC
(855) 450-0442
Listed By:
Matthew Konkel
(855) 450-0442
Added: Mar 6
Changed: Aug 4
Last Checked: Aug 12 at 7:06AM
MLS# 202613140
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.
Built in 2023, this contemporary duplex offers two well-appointed units designed around an open-concept floor plan. Each unit features three bedrooms and three bathrooms, with spacious living areas and 9-foot ceilings on every level. Finishes include LVP flooring, quartz countertops, under-mount sinks, and quality cabinetry with soft-close drawers, plus a pantry and a kitchen island. Vinyl windows and a smart thermostat add to daily comfort. The primary suite includes a full bathroom and two walk-in closets, and each unit is served by forced-air heating with natural gas and central air.
Set on a 0.41-acre lot, the property totals 3,534 square feet and includes a patio. Parking is available via a 2-car garage per unit, and the roof is composition.
Located at 12809 N Jaydee Ln in Spokane (99208), the property is positioned near shopping, restaurants, parks, and everyday amenities, making it suitable for both rental portfolio expansion and house-hacking.
Set on a 0.41-acre lot, the property totals 3,534 square feet and includes a patio. Parking is available via a 2-car garage per unit, and the roof is composition.
Located at 12809 N Jaydee Ln in Spokane (99208), the property is positioned near shopping, restaurants, parks, and everyday amenities, making it suitable for both rental portfolio expansion and house-hacking.
Key Highlights
- Built in 2023 contemporary duplex in the Mead School District
- Each unit offers 3 bedrooms, 3 bathrooms, and over 1,700 sq ft of living space
- Open‑concept layout with 9‑foot ceilings on every level
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$40,427
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.72%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$808,540
$808.5K
Cap Rate 7%
$577,529
$577.5K
Cap Rate 9%
$449,189
$449.2K
Market Conditions
NOI Build-Up for 3,534 SF
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.
Gross rent
$61.5K $17.40/SF
− Vacancy
−$3.7K −$1.06/SF
EGI
$57.8K $16.34/SF
− OpEx
−$17.3K −$4.90/SF
NOI
$40.4K $11.44/SF
Area
Spokane, WA
Vacancy
6.08%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$808,540
Cap Rate 7%
$577,529
Cap Rate 9%
$449,189
Alternative Uses
Best Use
Multifamily LT 5
$577.5K
$505.3K – $673.8K
NOI $40,427 @ 7.0% cap · market cap 4.72%
Second Best
Apartment 5plus
$502.1K
$439.4K – $585.8K
NOI $35,149 @ 7.0% cap · market cap 4.10%
Theoretical Best
Office A
$911.8K
$797.8K – $1.06M
NOI $63,824 @ 7.0% cap · market cap 7.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
310
Businesses Nearby
Explore this area
Business Placement
Demographics for 99208, WA
58,531
Population
24,273
Households
2.4
Avg Household Size
39
Median Age
34%
College-Educated
95%
High-School Grad
48.7 sq mi
ZIP Area
1,202
Density / Sq Mi
$81,084
Median Household Income
$45,733
Median Earnings
$1,226
Median Rent
$414,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Modern duplex in the Mead School District with two 3-bedroom, 3-bath units, 9-foot ceilings, and central air.
Where is this duplex located?
The property is located at 12809 N Jaydee Ln Spokane, WA.
What is the asking price?
The asking price for this property is $857,300.
What are key features of this property?
This property features: Built in 2023 contemporary duplex in the Mead School District; Each unit offers 3 bedrooms, 3 bathrooms, and over 1,700 sq ft of living space; Open‑concept layout with 9‑foot ceilings on every level
