Well-Maintained Triplex
New
For Sale
$330,000
1007 N CANNON St, Spokane, WA 99201
Triplex with three separately metered units, off-street parking, separate entrances, and recent major system updates.
Property Size2,292 SF
Price / SF$143.98
Days on Market7
Property Features for 1007 N CANNON St
General Information
Standard status
Active
Size
2,292 SF
Property subtype
Multi Family Home
Additional Details
Multifamily Units
3
Amenities
Garage: Off Site
Garage Spaces: 0
Style: Craftsman
Craftsman
Off Site
Building Details
Year Built
1911
Listing Agency:
Amplify Real Estate Services
(509) 481-0355
Listed By:
Robert Sherwood
Source:
Clearwaterproperties
Added: Jul 25
Changed: Jul 26
Last Checked: Jul 28 at 8:13AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Amplify Real Estate Services
Investment Insights
Based on property information with market context.
This well-maintained triplex offers three separately metered residential units: a 2-bedroom, 1-bath unit on the main level; a 1-bedroom, 1-bath unit upstairs; and a 2-bedroom, 1-bath unit on the lower level. The main unit is currently occupied by the seller, while the other two units are vacant and ready to lease. Updates include newer electrical, plumbing, roof, and gutters, and a low-maintenance yard supports day-to-day ease.
The property includes off-street parking and separate entrances for the individual units. Driveway and stair renovations are underway, with details available upon request.
Overall, the layout provides a straightforward multi-unit configuration with multiple unit entries and modernized key building systems to support long-term ownership.
The property includes off-street parking and separate entrances for the individual units. Driveway and stair renovations are underway, with details available upon request.
Overall, the layout provides a straightforward multi-unit configuration with multiple unit entries and modernized key building systems to support long-term ownership.
Key Highlights
- Triplex in Spokane with three separately metered units and separate entrances
- Unit mix: 2BR/1BA main‑level unit, 1BR/1BA upstairs unit, and 2BR/1BA lower‑level unit
- Major updates include newer electrical, plumbing, roof, and gutters
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 | $39.9k | $17.40 |
| − Vacancy | −$2.4k | −$1.06 |
| EGI | $37.5k | $16.34 |
| − OpEx | −$11.2k | −$4.90 |
| NOI | $26.2k | $11.44 |
2,292 SF · lease $17.40/SF/yr · vacancy 6.08% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$374.6K
$327.7K – $437.0K
NOI $26,219 @ 7.0% cap · market cap 7.95%
Second Best
Apartment 5plus
$325.7K
$285.0K – $379.9K
NOI $22,796 @ 7.0% cap · market cap 6.91%
Theoretical Best
Office A
$591.3K
$517.4K – $689.9K
NOI $41,394 @ 7.0% cap · market cap 12.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
815
Businesses Nearby
Explore this area
Business Placement
Demographics for 99201, WA
15,716
Population
8,842
Households
1.8
Avg Household Size
39
Median Age
34%
College-Educated
91%
High-School Grad
3.0 sq mi
ZIP Area
5,239
Density / Sq Mi
$35,286
Median Household Income
$36,599
Median Earnings
$883
Median Rent
$259,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Triplex with three separately metered units, off-street parking, separate entrances, and recent major system updates.
Where is this triplex located?
The property is located at 1007 N CANNON St Spokane, WA.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Triplex in Spokane with three separately metered units and separate entrances; Unit mix: 2BR/1BA main‑level unit, 1BR/1BA upstairs unit, and 2BR/1BA lower‑level unit; Major updates include newer electrical, plumbing, roof, and gutters
