943 E Ermina Ave Spokane, WA 99207
MULTI_FAMILY - Craftsman - Spokane, WA
- Added:
- Feb 10, 2026
- Days on Market:
- 152
- Last Refresh:
- Jul 12 at 5:06 am
Property Features for 943 E Ermina Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bedroom 1, Bathroom 2, Bedroom 4, Bathroom 1, Bedroom 3, Laundry Room, Utility Room
- Parking
- 4
- Parking features
- Alley
- Patio and Porch features
- Deck
- Interior features
- High Speed Internet
- Basement
- Unfinished, Partial
- Appliances
- Free-Standing Range, Refrigerator
- Standard status
- Pending
- APN
- 35084.1417
- Size
- 1,500 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2555
Utilities
- Heating system
- Natural Gas, Forced Air
Building Details
- Year built
- 1907
- Floors in Building
- 2
- Number of units
- 1
- Building materials
- Shake Siding, Wood Siding
- Roof type
- Composition
- Architectural style
- Craftsman
Listing agent Bryan Swanson License #102133 (509) 458-4000
Listing office Keller Williams Spokane - Main 534 E Spokane Falls Blvd Suite 300, Spokane, WA (509) 458-4000
Listing date Feb 10, 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.
Investment Insights
Based on property information with market context.
Key Highlights
- Investment opportunity near Gonzaga University (10 blocks).
- Four bedrooms and two bathrooms.
- Spacious fenced backyard with outdoor eating area.
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 | $29.0k | $19.32 |
| − Vacancy | −$1.9k | −$1.24 |
| EGI | $27.1k | $18.08 |
| − OpEx | −$12.2k | −$8.14 |
| NOI | $14.9k | $9.95 |
