Duplex With Oversized One-Car
For Sale
$464,900
Pending
13414/ 16 E 26TH Ave, Spokane Valley, WA 99216
MULTI_FAMILY - Spokane Valley, WA
Property Size1,928 SF
Lot Size0.29 Acres
Days on Market1641
Property Features for 13414/ 16 E 26TH Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RES
Bedrooms
4
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 2, Bedroom 3, Bedroom 1
Parking features
Open
Patio and Porch features
Deck, Patio
Interior features
Fireplace, High Speed Internet, Main Floor Utilities
Exterior features
Open Deck
Fireplace
1
Basement
Finished, Daylight, None, Walk-Out Access
Subdivision
Hillcrest
Lot features
Open Lot, Landscaped, Level
View
Territorial
Elementary school district
Central Valley - 356
Middle school district
Central Valley - 356
High school district
Central Valley - 356
Directions
HWY 90 TO PINES RD, (HWY 27) TO 24TH AVE, EAST ON 24TH AVE AND AN IMMEDIATE RIGHT ON FORREST TO 26TH AVE AND THEN EAST TO SUBJECT PROPERTY.
Standard status
Pending
APN
45274,1802
Size
1,928 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
2020
Tax Description
LOT 2, BLOCK 3, HILLCREST ACRES, THIRD ADD.
Tax Annual Amount
3121
Legal Description
LOT 2, BLOCK 3, HILLCREST ACRES, THIRD ADD.
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Baseboard, Wood, Electric (Heating), Fireplace(s)
Water source
Public
Building Details
Year built
1972
Number of units
2
Building materials
Wood Siding, Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
Sayles Real Estate LLC
(208) 818-2606
Listed By:
Bill Shine · License #SP22315
(208) 699-9120
Added: Mar 5, 2022
Changed: Aug 5
Last Checked: Sep 1 at 3:06AM
MLS# 22-1427
Copyright © 2026 Coeur d'Alene Multiple Listing Service. 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.
Duplex property built in 1972, set on a 0.29-acre lot with landscaped curb appeal and a large fenced backyard. The layout features two units, and each unit includes 1 bathroom, 2 bedrooms, a laundry area, a kitchen, a dining area, and a living room with a fireplace. Outdoor space includes a deck area or patio.
Each unit also has an oversized one-car garage, plus a double drive for extra parking. Interior features include a fireplace, high-speed internet, and main floor utilities. Exterior details include open deck/patio space, wood siding/frame construction, and a composition roof.
Utilities include cable available, with public water and public sewer. Heating is listed as fireplace(s), wood, electric heating, and baseboard.
Each unit also has an oversized one-car garage, plus a double drive for extra parking. Interior features include a fireplace, high-speed internet, and main floor utilities. Exterior details include open deck/patio space, wood siding/frame construction, and a composition roof.
Utilities include cable available, with public water and public sewer. Heating is listed as fireplace(s), wood, electric heating, and baseboard.
Key Highlights
- 0.29‑acre lot with large fenced backyard and landscaped curb appeal
- Two units; each unit has 1 bathroom and 2 bedrooms
- Living rooms in each unit include a fireplace
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
$16,716
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
3.60%
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%
$334,320
$334.3K
Cap Rate 7%
$238,800
$238.8K
Cap Rate 9%
$185,733
$185.7K
Market Conditions
NOI Build-Up for 1,928 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
$25.4K $13.20/SF
− Vacancy
−$1.6K −$0.81/SF
EGI
$23.9K $12.39/SF
− OpEx
−$7.2K −$3.72/SF
NOI
$16.7K $8.67/SF
Area
Spokane Valley, WA
Vacancy
6.17%
Lease Rate
$13.20 /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%
$334,320
Cap Rate 7%
$238,800
Cap Rate 9%
$185,733
Alternative Uses
Best Use
Multifamily LT 5
$238.8K
$209.0K – $278.6K
NOI $16,716 @ 7.0% cap · market cap 3.60%
Second Best
Apartment 5plus
$221.0K
$193.3K – $257.8K
NOI $15,467 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$418.8K
$366.5K – $488.6K
NOI $29,318 @ 7.0% cap · market cap 6.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
162
Businesses Nearby
Explore this area
Business Placement
Demographics for 99216, WA
28,379
Population
12,703
Households
2.2
Avg Household Size
37
Median Age
22%
College-Educated
95%
High-School Grad
14.2 sq mi
ZIP Area
1,999
Density / Sq Mi
$69,958
Median Household Income
$40,652
Median Earnings
$1,307
Median Rent
$336,700
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 - Duplex on a 0.29-acre lot with two bedrooms per unit, fireplaces, and oversized one-car garages plus extra parking.
Where is this duplex located?
The property is located at 13414/ 16 E 26TH Ave Spokane Valley, WA.
What is the asking price?
The asking price for this property is $464,900.
What are key features of this property?
This property features: 0.29‑acre lot with large fenced backyard and landscaped curb appeal; Two units; each unit has 1 bathroom and 2 bedrooms; Living rooms in each unit include a fireplace
