228/230 W PRICE Ave, Spokane, WA 99218
MULTI_FAMILY - Ranch - Spokane, WA
- Added:
- Apr 16, 2026
- Days on Market:
- 73
- Last Refresh:
- Jun 27 at 1:06 pm
Property Features for 228/230 W PRICE Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 5, Bathroom 4, Bedroom 4, Bedroom 3, Bedroom 2, Bedroom 6, Bedroom 1, Bathroom 3, Bathroom 1, Bathroom 2
- Parking features
- Offsite
- Patio and Porch features
- Deck
- Fireplace
- 1
- Basement
- Daylight, Full
- Appliances
- Free-Standing Range, Refrigerator, Disposal, Hard Surface Counters
- Standard status
- Active
- APN
- 36191.1311
- Size
- 3,200 SF
- Lot size
- 0.25 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5115
Utilities
- Heating system
- Hot Water(Heating), Forced Air, Natural Gas
- Cooling system
- Central Air
Building Details
- Year built
- 1967
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Wood Siding
- Roof type
- Composition
- Architectural style
- Ranch
Listing agent Lyndsey Zarn (509) 944-0979
Listing office Urban Settlements 609 N ARGONNE RD STE, Suite C3, Spokane, WA (509) 900-8005
Listing date Apr 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
- Duplex built in 1967 with ranch architectural style
- Fully rented duplex—ready to generate rental income
- 8% cap rate reported in the listing remarks
- Central air plus forced‑air natural gas heating and hot water (heating)
- Wood siding exterior with composition roof
- Amenities include deck, offsite parking, and a fireplace
Overview
The duplex is located at 228/230 W Price Ave in Spokane, Washington 99218, within Spokane County. The listing emphasizes convenient everyday access, positioning the property for tenants who want a practical place to live within the city.
For buyers and investors, the key consideration here is that the duplex is already leased and ready for the next owner to manage. The compact lot and established duplex configuration can fit investors looking for a manageable multifamily asset rather than a larger, more complex building. If you’re evaluating residential income property in Spokane, this fully rented duplex provides a clear starting point for review, including rent roll and unit details during due diligence.
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 | $55.7k | $17.40 |
| − Vacancy | −$3.4k | −$1.06 |
| EGI | $52.3k | $16.34 |
| − OpEx | −$15.7k | −$4.90 |
| NOI | $36.6k | $11.44 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Spokane
- County
- Spokane
- State
- Washington
- Longitude
- -117.4157219
- Latitude
- 47.7368469
