Two-Unit Residential Income
816 E Gordon Ave Spokane, WA 99207
New
For Sale
$354,900
MULTI_FAMILY - Other - Spokane, WA
Property Size3,174 SF
Lot Size0.18 Acres
Price / SF$111.81
Days on Market4
Property Features for 816 E Gordon Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 1
- Parking features
- Offsite
- Window features
- Vinyl Frames
- Patio and Porch features
- Deck
- Interior features
- Smart Thermostat, In-Law Floorplan
- Fireplace
- 1
- Basement
- Full, Walk-Out Access, Unfinished
- Appliances
- Free-Standing Range, Refrigerator
- Standard status
- Active
- APN
- 35054.1922
- Size
- 3,174 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4110
Utilities
- Heating system
- Forced Air, Natural Gas
Building Details
- Year built
- 1925
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Wood Siding
- Roof type
- Composition
- Architectural style
- Other
Listing Agency:
REAL Broker LLC
(855) 450-0442
Listed By:
Kristi Kerkuta · License #95892
(855) 450-0442
Added: Jul 22
Changed: Jul 24
Last Checked: Jul 25 at 2:06AM
MLS# 202621417
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 two-unit duplex offers two separate residences with a main-floor three-bedroom, one-bath layout and an upstairs one-bedroom, one-bath unit. The interior has been recently refreshed with new paint and new flooring, along with additional updates. A full unfinished basement provides storage and potential for future expansion. Each unit also has its own oversized single-car garage.
The property includes a fenced backyard and off-street parking. It is located at 816 E Gordon Ave in Spokane, Washington.
As presented, the duplex configuration supports independent occupancy while offering options to adjust use of the garages and basement area in the future, subject to applicable requirements.
The property includes a fenced backyard and off-street parking. It is located at 816 E Gordon Ave in Spokane, Washington.
As presented, the duplex configuration supports independent occupancy while offering options to adjust use of the garages and basement area in the future, subject to applicable requirements.
Key Highlights
- 2,574 SF duplex with a 3‑bed/1‑bath main‑floor unit and a 600 SF 1‑bed/1‑bath upstairs unit
- Full unfinished basement provides storage and potential for future expansion
- Each unit includes an oversized single‑car garage; off‑street parking available
Financial Insights For Apartment 5plus
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 | $61.3k | $19.32 |
| − Vacancy | −$3.9k | −$1.24 |
| EGI | $57.4k | $18.08 |
| − OpEx | −$25.8k | −$8.14 |
| NOI | $31.6k | $9.95 |
3,174 SF · lease $19.32/SF/yr · vacancy 6.40% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$518.7K
$453.9K – $605.2K
NOI $36,309 @ 7.0% cap · market cap 10.23%
Second Best
Apartment 5plus
$451.0K
$394.6K – $526.1K
NOI $31,568 @ 7.0% cap · market cap 8.89%
Theoretical Best
Office A
$818.9K
$716.5K – $955.4K
NOI $57,322 @ 7.0% cap · market cap 16.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-unit duplex includes a three-bedroom main unit and a one-bedroom upstairs unit with an unfinished basement.
Where is this duplex located?
The property is located at 816 E Gordon Ave Spokane, WA.
What is the asking price?
The asking price for this property is $354,900.
What are key features of this property?
This property features: 2,574 SF duplex with a 3‑bed/1‑bath main‑floor unit and a 600 SF 1‑bed/1‑bath upstairs unit; Full unfinished basement provides storage and potential for future expansion; Each unit includes an oversized single‑car garage; off‑street parking available
