Renovated Contemporary
For Sale
$329,000
COLVILLE, WA 99114, Colville, WA 99114
Multi Family, Contemporary, COLVILLE, WA
Property Size2,160 SF
Lot Size0.27 Acres
Price / SF$152.31
Days on Market30
Property Features
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Parking Lot
Lot features
Corner, Sloped
Directions
North on Main St. Property on the corner of 10th Ave and Main St.
Subdivision
S1 - Colville
Standard status
Active
Size
2,160 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Description
COLVILLE CORBINS LOTS 7-9 BLK 2 COLVILLE CORBINS
Legal Description
COLVILLE CORBINS LOTS 7-9 BLK 2 COLVILLE CORBINS
Utilities
Heating system
Natural Gas, Forced Air
Building Details
Year built
1973
Floors in Building
1
Roof type
Composition
Architectural style
Contemporary
Listing Agency:
RE/MAX SELECT ASSOCIATES · RE/MAX International
(509) 684-1000
Listed By:
Mindy Courson · License #115548
(509) 237-4084
Added: Aug 14
Changed: Sep 5
Last Checked: Sep 12 at 2:06PM
MLS# 46322
Copyright © 2026 Northeast Washington Association of Realtor MLS. 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 contemporary duplex contains two 2-bedroom residences, each arranged with 1.5 baths and washer/dryer hookups. One unit has undergone a complete renovation, while the second unit remains available for future updating or continued use. The property includes 2,160 square feet of building area on a 0.27-acre lot.
Built in 1973, the property is heated by forced-air natural gas and features a composition roof. A parking lot serves the duplex. Its two-unit configuration supports separate occupancy within a single residential income property.
Built in 1973, the property is heated by forced-air natural gas and features a composition roof. A parking lot serves the duplex. Its two-unit configuration supports separate occupancy within a single residential income property.
Key Highlights
- Two 2‑bedroom units, each with 1.5 baths
- One unit completely renovated
- Washer/dryer hookups in both units
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
$24,709
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
7.51%
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%
$494,180
$494.2K
Cap Rate 7%
$352,986
$353.0K
Cap Rate 9%
$274,544
$274.5K
Market Conditions
NOI Build-Up for 2,160 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
$37.6K $17.40/SF
− Vacancy
−$2.3K −$1.06/SF
EGI
$35.3K $16.34/SF
− OpEx
−$10.6K −$4.90/SF
NOI
$24.7K $11.44/SF
Area
Stevens County, WA
Vacancy
6.08%
Lease Rate
$17.40 /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%
$494,180
Cap Rate 7%
$352,986
Cap Rate 9%
$274,544
Alternative Uses
Best Use
Multifamily LT 5
$353.0K
$308.9K – $411.8K
NOI $24,709 @ 7.0% cap · market cap 7.51%
Second Best
Apartment 5plus
$306.9K
$268.5K – $358.1K
NOI $21,483 @ 7.0% cap · market cap 6.53%
Theoretical Best
Office A
$557.3K
$487.6K – $650.2K
NOI $39,010 @ 7.0% cap · market cap 11.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Explore this area
Business Placement
Demographics for 99114, WA
12,649
Population
6,154
Households
2.1
Avg Household Size
49
Median Age
23%
College-Educated
91%
High-School Grad
718.5 sq mi
ZIP Area
18
Density / Sq Mi
$61,891
Median Household Income
$45,164
Median Earnings
$916
Median Rent
$268,300
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 - Two residential units provide separate living spaces with laundry hookups and a shared parking area.
Where is this duplex located?
The property is located at Colville, WA.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Two 2‑bedroom units, each with 1.5 baths; One unit completely renovated; Washer/dryer hookups in both units
