Duplex with Two Attached
For Sale
$975,000
303 E Augusta Ave, Spokane, WA 99207
Residential Income, Spokane, WA
Property Size4,234 SF
Lot Size0.16 Acres
Price / SF$230.28
Days on Market155
Property Features for 303 E Augusta Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
12
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 12, Bedroom 3, Bedroom 10, Bathroom 4, Laundry Room, Utility Room, Bedroom 7, Bedroom 4, Bedroom 2, Bathroom 3, Bedroom 6, Bedroom 5, Bedroom 9, Bathroom 1, Bedroom 1, Bedroom 11, Bathroom 2, Bedroom 8
Parking features
Offsite, Alley
Basement
Unfinished
Appliances
Free-Standing Range, Dishwasher, Refrigerator, Washer, Dryer
Lot features
Sprinkler - Automatic, Level, Corner Lot
Elementary school
Logan
Middle school
Yasuhara
High school
North Central
Elementary school district
Spokane Dist 81
Standard status
Active
APN
35083.4414
Size
4,234 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Annual Amount
6902
Utilities
Heating system
Natural Gas, Forced Air
Cooling system
Window Unit(s)
Building Details
Year built
1899
Number of units
2
Building materials
Masonite, Wood Siding
Roof type
Composition
Architectural style
Craftsman
Listing Agency:
eXp Realty, LLC
(888) 317-5197
Listed By:
Holly Stockton · License #140106
(360) 339-5093
Added: May 6
Changed: Sep 13
Last Checked: Oct 7 at 12:06PM
MLS# 202616848
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 duplex property combines two attached residences totaling 4,234 square feet on a 0.163-acre parcel. The front residence is an 1899 Craftsman with 5 bedrooms and 2 bathrooms, while the attached rear home was built in 2006 and provides 7 bedrooms and 2 bathrooms. Together, the residences offer 12 bedrooms and 4 bathrooms, supported by a 3-car garage, off-street parking, and alley access.
The property is located just blocks from Gonzaga University in Spokane, with a walkable setting near campus. Leases are secured for the 2026-2027 school year. Interior features include free-standing ranges, dishwashers, refrigerators, washers, and dryers, along with forced-air natural gas heating and window-unit cooling.
The property is located just blocks from Gonzaga University in Spokane, with a walkable setting near campus. Leases are secured for the 2026-2027 school year. Interior features include free-standing ranges, dishwashers, refrigerators, washers, and dryers, along with forced-air natural gas heating and window-unit cooling.
Key Highlights
- Two attached residences with 12 bedrooms and 4 bathrooms
- 4,234 square feet on a 0.163‑acre parcel
- Front residence built in 1899 with Craftsman architecture
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,435
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$968,700
$968.7K
Cap Rate 7%
$691,929
$691.9K
Cap Rate 9%
$538,167
$538.2K
Market Conditions
NOI Build-Up for 4,234 SF
Gross rent
$73.7K $17.40/SF
− Vacancy
−$4.5K −$1.06/SF
EGI
$69.2K $16.34/SF
− OpEx
−$20.8K −$4.90/SF
NOI
$48.4K $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 Rate 5%
$968,700
Cap Rate 7%
$691,929
Cap Rate 9%
$538,167
Alternative Uses
Best Use
Multifamily LT 5
$691.9K
$605.4K – $807.3K
NOI $48,435 @ 7.0% cap · market cap 4.97%
Second Best
Apartment 5plus
$601.6K
$526.4K – $701.9K
NOI $42,111 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$1.09M
$955.8K – $1.27M
NOI $76,466 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,841
Businesses Nearby
Explore this area
Business Placement
Demographics for 99207, WA
32,059
Population
13,673
Households
2.3
Avg Household Size
34
Median Age
17%
College-Educated
91%
High-School Grad
5.2 sq mi
ZIP Area
6,165
Density / Sq Mi
$55,548
Median Household Income
$31,712
Median Earnings
$1,127
Median Rent
$246,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two attached residences near Gonzaga University with leases secured for the 2026-2027 school year.
Where is this duplex located?
The property is located at 303 E Augusta Ave Spokane, WA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Two attached residences with 12 bedrooms and 4 bathrooms; 4,234 square feet on a 0.163‑acre parcel; Front residence built in 1899 with Craftsman architecture
