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    The Largest CRE Database in the US with Over 1 Million Listings

    3705 S Harrison St, Unit 3703 Spokane, WA 99224

    Sponsored
    For Sale
    $679,000

    MULTI_FAMILY - Contemporary - Spokane, WA

    Property size:
    3,029 SF
    Lot size:
    0.14 Acres
    Days on Market:
    1
    Last Refresh:
    Feb 19 at 9:06 pm

    Property Features for 3705 S Harrison St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 3, Bathroom 3, Bedroom 1, Bedroom 5, Bedroom 4, Bathroom 6, Bathroom 2, Bathroom 1, Bedroom 2, Bathroom 5, Bathroom 4, Bedroom 6
    Bedrooms
    6
    APN
    25344.0916
    Parking
    8
    Parking features
    Offsite
    Patio and Porch features
    Deck
    Interior features
    Kitchen Island, Windows Vinyl
    Basement
    Crawl Space
    Appliances
    Free-Standing Range, Dishwasher, Refrigerator, Microwave, Washer, Dryer, Hard Surface Counters
    Size
    3,029 SF
    Lot size
    0.14 Acres

    Utilities

    Heating system
    Heat Pump (Heating), Forced Air, Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    2024
    Floors in Building
    2
    Number of units
    2
    Building materials
    Masonite
    Roof type
    Composition
    Architectural style
    Contemporary

    We can help!

    Listing Contact
    Jared Urbick

    Kelly Right Real Estate of CDA (509) 489-7000

    Listing agent Jared Urbick (509) 262-4178

    Listing date Feb 19, 2026

    MLS# 202611962 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Turnkey Duplex Near Downtown Spokane

    This turnkey duplex, constructed in 2024, presents an investment or owner-occupancy opportunity. Situated on a secluded corner lot just outside Spokane, the property is a short drive from I-90 and downtown. Each of the two units offers 1,500 square feet of living space, featuring 3 bedrooms and 2.5 bathrooms. Both units include an insulated 2-car garage. The design is contemporary, with fully fenced backyards that include patios and potential for additional dwelling units. Inside, the open great room features 9-foot ceilings and durable LVP flooring. The modern kitchen is equipped with quartz countertops, an eat-in island, luxury backsplash, and stainless steel appliances. The main level also includes laundry facilities and a half bath. Upstairs, the primary suite offers a walk-in closet and double vanity, along with two additional bedrooms and a full bath. Energy-efficient windows and heating/cooling systems are designed to keep monthly costs low. The lot size is 0.1435 acres, and the total property size is 3029 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Real Estate Agency Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Kitchen & Bath Showroom Storage Facility Discount Store Electronics & Wireless Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Spokane
    County
    Spokane
    State
    Washington
    Longitude
    -117.480496
    Latitude
    47.621102

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    FAQs

    What type of property is this?
    Duplex - 2024-built duplex offers investment or owner-occupancy opportunity.
    Where is this duplex located?
    The property is located at 3705 S Harrison St, Unit 3703 Spokane, WA.
    What is the asking price?
    The asking price for this property is $679,000.
    What are key features of this property?
    This property features: - Turnkey 2024-built duplex: Immediate occupancy or rental potential.; - Dual Income Potential or Owner Occupancy: Live in one, rent the other.; - Prime Location: Secluded corner lot, close to I-90 and downtown Spokane.
    (509) 489-7000
    Request Owner's contact information
    3705 S Harrison St, Unit 3703 Spokane, WA 99224
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    Spokane, WA 99224
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3705 S Harrison St, Unit 3703 Spokane, WA 99224
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    We can help!
    Listing Contact
    Jared Urbick
    (509) 489-7000 (509) 262-4178
    Learn more
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