Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Modern Duplex Near Centennial Trail Title is generated by Realmo AI

    5119 E BUCKEYE Ave, Spokane, WA 99217

    View on Map
    Claim this Listing
    For Sale
    $539,500

    MULTI_FAMILY - Other - Spokane, WA

    Property size:
    2,731 SF
    Lot size:
    0.23 Acres
    Price / SF:
    $197/SF
    Added:
    May 12, 2026
    Days on Market:
    24
    Last Refresh:
    Jun 4 at 12:06 am

    Property Features for 5119 E BUCKEYE Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    6
    Bathrooms
    4
    Rooms
    Bedroom 6, Bathroom 3, Laundry Room, Bedroom 4, Bathroom 2, Bedroom 2, Utility Room, Bedroom 5, Bathroom 4, Bathroom 1, Bedroom 3, Bedroom 1
    Parking
    2
    Window features
    Vinyl Frames
    Patio and Porch features
    Patio
    Appliances
    Free-Standing Range, Dishwasher, Refrigerator, Microwave
    Standard status
    Active
    APN
    35111.0246
    Size
    2,731 SF
    Lot size
    0.23 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Ductless (Heating)
    Cooling system
    Wall Unit(s)

    Building Details

    Year built
    2016
    Floors in Building
    2
    Number of units
    2
    Building materials
    Vinyl Siding
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Richard Prasser

    Listing agent Richard Prasser

    Listing office Keller Williams Spokane - Main 534 E Spokane Falls Blvd Suite 300, Spokane, WA

    Listing date May 12, 2026

    MLS# 202617216 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.

    Overview

    This well-maintained duplex, built in 2016, is nestled along the scenic banks of the Spokane River and just steps from the Centennial Trail. Each townhouse-style unit features 3 bedrooms and 2.5 bathrooms, including a primary suite with an en-suite bath. The bright, open-concept main floor flows seamlessly from the living area to a modern kitchen equipped with a breakfast bar and ample storage. Large windows and a backyard patio flood the space with natural light. Each unit includes main-floor laundry, central air conditioning, and an oversized attached one-car garage. The property is situated in a park-like setting with mountain and territorial views, complete with a level yard and automatic sprinklers. The property, with a size of 2731 Square Feet and a lot size of 0.23 acres, is centrally located near shopping, dining, and Gonzaga University. It offers an exceptional investment opportunity or owner-occupant setup.

    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 $47.5k $17.40
    − Vacancy −$2.9k −$1.06
    EGI $44.6k $16.34
    − OpEx −$13.4k −$4.90
    NOI $31.2k $11.44
    2,731 SF · lease $17.40/SF/yr · vacancy 6.08% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $446.3K
    $390.5K – $520.7K (±1% cap)
    NOI $31,241 @ 7.0% cap · market cap 5.79%
    Second Best
    Apartment 5plus
    $388.0K
    $339.5K – $452.7K (±1% cap)
    NOI $27,162 @ 7.0% cap · market cap 5.03%
    Theoretical Best
    Office A
    $704.6K
    $616.5K – $822.0K (±1% cap)
    NOI $49,322 @ 7.0% cap · market cap 9.14%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Pharmacy Hotel & Motel Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Spokane
    County
    Spokane
    State
    Washington
    Longitude
    -117.335175
    Latitude
    47.682869

    Nearby Similar for Sale

    • $990,000
      8,020 SF

      Spokane Commercial Property For Sale

      Commercial property with showroom and easy freeway access in Spokane.
      3626 E Trent Ave, Spokane, WA 99202
      View Details
    • $1,790,000
      7,950 SF

      Spokane 10-Unit Apartment Building

      Turn-key 10-unit apartment building near NorthTown Mall.
      6511 N Atlantic St, Spokane, WA 99208
      View Details
    • $659,900
      3,080 SF

      Spokane Duplex: Investment Opportunity

      Rental duplex in prime location near dining and groceries.
      6027 N Smith St, Spokane, WA 99208
      View Details
    • $500,000
      4,448 SF

      Spokane Ranch Duplex: Investor Opportunity

      Well-maintained duplex in Indian Trail, Spokane with income potential.
      3220 W Francis Ave, Spokane, WA 99205
      View Details
    • $669,950
      3,000 SF

      New Duplex Near University District

      New construction duplex, ideal for investors or owner-occupants.
      420 E Euclid Ave, Spokane, WA 99207
      View Details
    • $679,500
      3,000 SF

      New Duplex Near Downtown Spokane

      Turn-key duplex with high occupancy potential near downtown Spokane.
      917 E Providence Ave, Spokane, WA 99207
      View Details
    • $675,000
      13,386 SF

      South Hill Adult Family Home

      Well-established, income-producing adult family home in a peaceful Spokane neighborhood.
      2214 E 36th Ave, Spokane, WA 99203
      View Details
    • $899,000
      9,000 SF

      Spokane Commercial Flex Space Available

      9,000 SF flex space on 1.88 acres for sale.
      1611 S Geiger Blvd, Spokane, WA 99224
      View Details
    • $1,490,000
      14,896 SF

      Versatile Spokane Commercial Warehouse Space

      15,000 sq ft warehouse with office space in Spokane.
      3303 E Ferry Ave, Spokane, WA 99202
      View Details
    • $225,000
      1,200 SF

      Spokane Garage Lodge Automotive Space

      Automotive space with lift, clubhouse access, near Hwy 2.
      1551 Deer Heights Rd, Spokane, WA 99224
      View Details
    • $365,000
      2,608 SF

      Versatile Church Property on Corner

      Church property with development potential on a large corner lot.
      4315 N Evergreen Rd, Spokane, WA 99216
      View Details
    • $857,300
      3,534 SF

      Modern Duplex in Mead District

      New construction duplex with high-end finishes and spacious layouts.
      12809 N Jaydee Ln, Spokane, WA 99208
      View Details

    FAQs

    What type of property is this?
    Duplex - Well-maintained 2016 duplex near Spokane River and Centennial Trail.
    Where is this duplex located?
    The property is located at 5119 E BUCKEYE Ave Spokane, WA.
    What is the asking price?
    The asking price for this property is $539,500.
    (509) 458-4000
    We can help!
    Listing Contact
    Richard Prasser
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5119 E BUCKEYE Ave, Spokane, WA 99217
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!