Updated Duplex with Separate
4127 E 2nd Ave Spokane, WA 99202
New
4127 E 2nd Ave, Spokane, WA, 99202
$320,000
For Sale
$320,000
MULTI_FAMILY - Craftsman - Spokane, WA
Property Size1,728 SF
Lot Size0.15 Acres
Price / SF$185.19
Days on Market2
Property Features for 4127 E 2nd Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bedroom 2, Bedroom 1, Basement, Bathroom 2, Bedroom 3, Bathroom 1
- Interior features
- High Speed Internet, Smart Thermostat
- Fireplace
- 1
- Basement
- Finished, Full, Daylight
- Appliances
- Free-Standing Range, Dishwasher, Refrigerator, Microwave, Hard Surface Counters
- Standard status
- Active
- APN
- 35221.1015
- Size
- 1,728 SF
- Lot size
- 0.15 Acres
Utilities
- Heating system
- Natural Gas, Hot Water(Heating)
Building Details
- Year built
- 1926
- Number of units
- 2
- Flooring type
- Vinyl
- Building materials
- Vinyl Siding
- Roof type
- Composition
- Architectural style
- Craftsman
Listing Agency
Kelly Right Real Estate of Spokane
(509) 489-7000
140 S ARTHUR ST STE 600, Spokane, WA
Listed by
Kevin Saw
(509) 489-7000
Added: Jul 18 Checked: Jul 19 at 3:06 pm
MLS# 202621203
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.
Investment Insights
Based on property information with market context.
This updated duplex offers two bedrooms and one bath upstairs and two bedrooms and one bath downstairs, with a separate entry for the lower level. The home includes maintenance-free vinyl siding, new windows, fresh interior paint, LVP flooring upstairs, updated bathrooms, and new stainless steel appliances.
The property is located in Spokane, WA, and is described as being minutes from Gonzaga and Spokane Community College, supporting convenient everyday access.
The layout is well-suited for separate living arrangements across the upper and lower levels, while the recent interior and exterior updates help reduce near-term maintenance needs.
The property is located in Spokane, WA, and is described as being minutes from Gonzaga and Spokane Community College, supporting convenient everyday access.
The layout is well-suited for separate living arrangements across the upper and lower levels, while the recent interior and exterior updates help reduce near-term maintenance needs.
Key Highlights
- Potential $2,800-$3,000 rental income with 2 bedrooms/1 bath upstairs and 2 bedrooms/1 bath downstairs with a separate entry
- Updated home with maintenance‑free vinyl siding, new windows, and fresh interior paint
- New stainless steel appliances and hard surface counters
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 | $30.1k | $17.40 |
| − Vacancy | −$1.8k | −$1.06 |
| EGI | $28.2k | $16.34 |
| − OpEx | −$8.5k | −$4.90 |
| NOI | $19.8k | $11.44 |
1,728 SF · lease $17.40/SF/yr · vacancy 6.08% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$282.4K
$247.1K – $329.5K
NOI $19,767 @ 7.0% cap · market cap 6.18%
Second Best
Apartment 5plus
$245.5K
$214.8K – $286.5K
NOI $17,187 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$445.8K
$390.1K – $520.1K
NOI $31,208 @ 7.0% cap · market cap 9.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex offers two bedrooms and one bath on each level, with separate entry for the lower unit.
Where is this duplex located?
The property is located at 4127 E 2nd Ave Spokane, WA.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Potential $2,800-$3,000 rental income with 2 bedrooms/1 bath upstairs and 2 bedrooms/1 bath downstairs with a separate entry; Updated home with maintenance‑free vinyl siding, new windows, and fresh interior paint; New stainless steel appliances and hard surface counters
