Duplex With Attached
For Sale
$659,000
419 E St, Deer Park, WA 99006
MULTI_FAMILY - Other - Deer Park, WA
Property Size2,884 SF
Lot Size0.16 Acres
Price / SF$228.50
Days on Market37
Property Features for 419 E St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 6, Bathroom 2, Bedroom 2, Bedroom 4, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 5, Bedroom 3
Window features
Vinyl Frames
Patio and Porch features
Patio
Interior features
High Speed Internet
Basement
Crawl Space
Appliances
Free-Standing Range, Dishwasher, Refrigerator, Microwave, Hard Surface Counters
Lot features
Fenced Yard, Level
Elementary school
Arcadia
Middle school
Deer Park
High school
Deer Park
Elementary school district
Deer Park
Standard status
Active
APN
28023.3106
Size
2,884 SF
Lot size
0.16 Acres
Utilities
Heating system
Heat Pump (Heating), Forced Air, Natural Gas
Cooling system
Central Air
Building Details
Year built
2021
Floors in Building
2
Number of units
2
Building materials
Masonite
Roof type
Composition
Architectural style
Other
Listing Agency:
Kelly Right Real Estate of Spokane
(509) 489-7000
Listed By:
Jared Urbick
(509) 489-7000
Added: Jul 1
Changed: Aug 4
Last Checked: Aug 6 at 6:06PM
MLS# 202620136
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 offers two spacious, well-designed units in a quiet, well-maintained neighborhood setting. Each unit features 1,442 sq ft of living space with three bedrooms, including a generous primary suite with a private bath, and 2.5 bathrooms. The layout includes an open-concept living and entertaining area, with hard-surface counters and granite countertops, plus a durable, stylish flooring package. Each unit also includes a patio and a private, fully fenced backyard.
Convenience is built in with an attached garage for each unit. Indoor comfort is supported by natural gas forced-air heating with a heat pump (heating) and central air conditioning. The property was built in 2021 and includes high-speed internet capability.
Overall, the configuration provides strong flexibility for a live-in owner looking for a second residence or rental option, while maintaining privacy through separate garages and fenced yards.
Convenience is built in with an attached garage for each unit. Indoor comfort is supported by natural gas forced-air heating with a heat pump (heating) and central air conditioning. The property was built in 2021 and includes high-speed internet capability.
Overall, the configuration provides strong flexibility for a live-in owner looking for a second residence or rental option, while maintaining privacy through separate garages and fenced yards.
Key Highlights
- Each unit offers 1,442 sq ft with 3 bedrooms and 2.5 bathrooms
- Attached garage for each unit
- Private fully fenced backyard and patio for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,010
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$640,200
$640.2K
Cap Rate 7%
$457,286
$457.3K
Cap Rate 9%
$355,667
$355.7K
Market Conditions
NOI Build-Up for 2,884 SF
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.
Gross rent
$49.5K $17.16/SF
− Vacancy
−$3.8K −$1.30/SF
EGI
$45.7K $15.86/SF
− OpEx
−$13.7K −$4.76/SF
NOI
$32.0K $11.10/SF
Area
Spokane County, WA
Vacancy
7.60%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$640,200
Cap Rate 7%
$457,286
Cap Rate 9%
$355,667
Alternative Uses
Best Use
Multifamily LT 5
$457.3K
$400.1K – $533.5K
NOI $32,010 @ 7.0% cap · market cap 4.86%
Second Best
Apartment 5plus
$420.3K
$367.8K – $490.3K
NOI $29,420 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$666.4K
$583.1K – $777.5K
NOI $46,649 @ 7.0% cap · market cap 7.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
485
Businesses Nearby
Explore this area
Business Placement
Demographics for 99006, WA
13,711
Population
5,287
Households
2.6
Avg Household Size
43
Median Age
16%
College-Educated
94%
High-School Grad
164.1 sq mi
ZIP Area
84
Density / Sq Mi
$65,375
Median Household Income
$41,198
Median Earnings
$970
Median Rent
$366,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-kept duplex with attached garages, central air, and private fully fenced backyards for each unit.
Where is this duplex located?
The property is located at 419 E St Deer Park, WA.
What is the asking price?
The asking price for this property is $659,000.
What are key features of this property?
This property features: Each unit offers 1,442 sq ft with 3 bedrooms and 2.5 bathrooms; Attached garage for each unit; Private fully fenced backyard and patio for each unit
