Duplex with Attached
For Sale
$559,500
3921 S Johnson St, Spokane Valley, WA 99206
Residential Income, Spokane Valley, WA
Property Size3,170 SF
Lot Size0.28 Acres
Price / SF$176.50
Days on Market90
Property Features for 3921 S Johnson St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bathroom 2, Bathroom 4, Basement, Bedroom 5, Bedroom 2, Bedroom 3, Bedroom 1, Bedroom 6, Bedroom 4, Bathroom 1
Parking features
Underground/Basement, Driveway
Window features
Vinyl Frames
Patio and Porch features
Deck
Fireplace
1
Basement
Full, Daylight, Finished
Appliances
Free-Standing Range, Dishwasher, Refrigerator, Microwave
Lot features
Level, Corner Lot, Oversized Lot
View
City
Elementary school
Ponderosa
Middle school
Horizon
High school
University
Elementary school district
Spokane Valley
Standard status
Active
APN
45332.2905
Size
3,170 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Annual Amount
5947
Utilities
Heating system
Ductless (Heating), Electric (Heating), Baseboard
Building Details
Year built
1978
Floors in Building
1
Number of units
2
Building materials
Masonite, Wood Siding
Roof type
Composition
Listing Agency:
REAL Broker LLC
(855) 450-0442
Listed By:
Riley Price · License #128051
(208) 680-6462
Added: Jul 9
Changed: Sep 16
Last Checked: Oct 6 at 8:06AM
MLS# 202620757
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 1978, this 3,170-square-foot duplex sits on a 0.28-acre corner lot in Spokane Valley. One residence includes 3 bedrooms, 2 full bathrooms, a pellet fireplace, an attached garage, and a private deck. The second unit is occupied by a tenant and has two recently updated bathrooms.
The property includes basement and driveway parking, electric heating through ductless and baseboard systems, composition roofing, and a combination of Masonite and wood siding. Appliances include a range, dishwasher, refrigerator, and microwave. Located at 3921 S Johnson St in Spokane Valley, the property is within Spokane County and carries the 99206 postal code.
The property includes basement and driveway parking, electric heating through ductless and baseboard systems, composition roofing, and a combination of Masonite and wood siding. Appliances include a range, dishwasher, refrigerator, and microwave. Located at 3921 S Johnson St in Spokane Valley, the property is within Spokane County and carries the 99206 postal code.
Key Highlights
- Duplex totaling 3,170 square feet on a 0.28‑acre corner lot
- Built in 1978 with composition roofing and Masonite and wood siding
- One unit includes 3 bedrooms and 2 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,484
Cap Rate
4.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$549,680
$549.7K
Cap Rate 7%
$392,629
$392.6K
Cap Rate 9%
$305,378
$305.4K
Market Conditions
NOI Build-Up for 3,170 SF
Gross rent
$41.8K $13.20/SF
− Vacancy
−$2.6K −$0.81/SF
EGI
$39.3K $12.39/SF
− OpEx
−$11.8K −$3.72/SF
NOI
$27.5K $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 Rate 5%
$549,680
Cap Rate 7%
$392,629
Cap Rate 9%
$305,378
Alternative Uses
Best Use
Multifamily LT 5
$392.6K
$343.6K – $458.1K
NOI $27,484 @ 7.0% cap · market cap 4.91%
Second Best
Apartment 5plus
$363.3K
$317.9K – $423.9K
NOI $25,431 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$688.6K
$602.6K – $803.4K
NOI $48,204 @ 7.0% cap · market cap 8.62%
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
142
Businesses Nearby
Explore this area
Business Placement
Demographics for 99206, WA
39,842
Population
17,339
Households
2.3
Avg Household Size
39
Median Age
28%
College-Educated
95%
High-School Grad
23.4 sq mi
ZIP Area
1,703
Density / Sq Mi
$75,538
Median Household Income
$42,018
Median Earnings
$1,174
Median Rent
$362,100
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-unit property with a corner-lot setting, private deck, and basement and driveway parking.
Where is this duplex located?
The property is located at 3921 S Johnson St Spokane Valley, WA.
What is the asking price?
The asking price for this property is $559,500.
What are key features of this property?
This property features: Duplex totaling 3,170 square feet on a 0.28‑acre corner lot; Built in 1978 with composition roofing and Masonite and wood siding; One unit includes 3 bedrooms and 2 full bathrooms
