934 E NORA Ave, Spokane, WA 99207
MULTI_FAMILY - Bungalow - Spokane, WA
- Added:
- Jun 17, 2026
- Days on Market:
- 6
- Last Refresh:
- Jun 22 at 6:06 pm
Property Features for 934 E NORA Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Utility Room, Bedroom 5, Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2, Laundry Room, Bedroom 3
- Patio and Porch features
- Patio
- Basement
- Partial, Unfinished
- Appliances
- Free-Standing Range, Refrigerator, Washer, Dryer
- Standard status
- Active
- APN
- 35084.3404
- Size
- 2,005 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3148
Utilities
- Heating system
- Natural Gas, Forced Air
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 1
- Building materials
- Wood Siding
- Roof type
- Composition
- Architectural style
- Bungalow
Listing agent Aaron Magner (509) 217-0200
Listing office Choice Realty 5711 N Division St A, Spokane, WA (509) 217-0200
Listing date Jun 17, 2026
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.
HighLights
- 5‑bedroom, 2‑bath bungalow built in 1900 with a fenced backyard
- R1 and RMF‑40 zoning allows multifamily up to 40' tall
- Open, flat lot with alley access and a detached single‑car garage
- New interior and exterior paint completed in 2022
- Forced‑air natural gas heating; composition roof; wood siding
- Included appliances: free‑standing range, refrigerator, washer, and dryer
Overview
The offering is described as located in the Gonzaga/Logan area, near bus lines, shopping, city parks, and the Centennial Trail. Zoning is noted as R1 and RMF-40, with the remarks stating multifamily development up to 40 feet tall is permitted.
For tenants, investors, or developers, the home’s current configuration combined with the lot characteristics may appeal to those looking to expand income through an ADU addition, as suggested in the marketing remarks. The presence of an alley-access site and the updated paint work can help streamline near-term planning and property presentation, while the zoning language supports multifamily redevelopment considerations.
Local 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 | $38.7k | $19.32 |
| − Vacancy | −$2.5k | −$1.24 |
| EGI | $36.3k | $18.08 |
| − OpEx | −$16.3k | −$8.14 |
| NOI | $19.9k | $9.95 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Spokane
- County
- Spokane
- State
- Washington
- Longitude
- -117.395059
- Latitude
- 47.673532
