Up-and-Down Duplex with
For Sale
$374,000
1012 Indiana, Spokane, WA 99207
Two-level rental property with alley access, a shared fenced yard, and proximity to Gonzaga University.
Property Size1,376 SF
Price / SF$271.80
Days on Market54
Property Features for 1012 Indiana
General Information
Standard status
Active
Size
1,376 SF
Property subtype
Multi Family Home
Additional Details
Gross Income
$24,000
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,328
Amenities
fenced back yard
Garage: Detached, Alley Access
Garage Spaces: 1
Style: Other
Other
Detached, Alley Access
1
Building Details
Year Built
1904
Buildings
1
Listing Agency:
Real Estate Marketplace NW,Inc
Listed By:
Jim Palmer Jr. · License #2775
(509) 276-5445
Source:
Clearwaterproperties
Added: Aug 15
Changed: Oct 6
Last Checked: Oct 5 at 4:11PM
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 Real Estate Marketplace NW,Inc
Investment Insights
Based on property information with market context.
This 1,376 SF duplex is arranged with one residence above the other and was built in 1904. The main-floor unit includes use of a detached garage reached from the alley, while the upper residence has both front and rear stair entries.
The units share a fenced backyard, providing common outdoor space for the property. Located at 1012 Indiana in Spokane, the duplex is near Gonzaga University and includes alley access for property circulation and garage entry.
The units share a fenced backyard, providing common outdoor space for the property. Located at 1012 Indiana in Spokane, the duplex is near Gonzaga University and includes alley access for property circulation and garage entry.
Key Highlights
- 1,376 SF up‑and‑down duplex built in 1904
- Main‑floor unit has use of a detached garage with alley access
- Upper unit includes both front and rear entry stairs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,741
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$314,820
$314.8K
Cap Rate 7%
$224,871
$224.9K
Cap Rate 9%
$174,900
$174.9K
Market Conditions
NOI Build-Up for 1,376 SF
Gross rent
$23.9K $17.40/SF
− Vacancy
−$1.5K −$1.06/SF
EGI
$22.5K $16.34/SF
− OpEx
−$6.7K −$4.90/SF
NOI
$15.7K $11.44/SF
Area
Spokane, 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 Rate 5%
$314,820
Cap Rate 7%
$224,871
Cap Rate 9%
$174,900
Alternative Uses
Best Use
Multifamily LT 5
$224.9K
$196.8K – $262.4K
NOI $15,741 @ 7.0% cap · market cap 4.21%
Second Best
Apartment 5plus
$195.5K
$171.1K – $228.1K
NOI $13,686 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$355.0K
$310.6K – $414.2K
NOI $24,851 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
527
Businesses Nearby
Explore this area
Business Placement
Demographics for 99207, WA
32,059
Population
13,673
Households
2.3
Avg Household Size
34
Median Age
17%
College-Educated
91%
High-School Grad
5.2 sq mi
ZIP Area
6,165
Density / Sq Mi
$55,548
Median Household Income
$31,712
Median Earnings
$1,127
Median Rent
$246,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-level rental property with alley access, a shared fenced yard, and proximity to Gonzaga University.
Where is this duplex located?
The property is located at 1012 Indiana Spokane, WA.
What is the asking price?
The asking price for this property is $374,000.
What are key features of this property?
This property features: 1,376 SF up‑and‑down duplex built in 1904; Main‑floor unit has use of a detached garage with alley access; Upper unit includes both front and rear entry stairs
