1017 East 29th Avenue Spokane, WA 99203
Updated duplex on Spokane's South Hill, ideal for investors.
Property Features for 1017 East 29th Avenue
General Information
- Standard status
- Active
- Size
- 2,256 SF
- Property subtype
- MultiFamily / Multi Family
Building Details
- Year Built
- 1924
Listing office Coldwell Banker Schneidmiller (208) 669-2231
Listing date Mar 18, 2026
Source Compass
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 Coldwell Banker Schneidmiller
Investment Insights
Based on property information with market context.
Key Highlights
- Updated South Hill duplex suitable for investors or owner‑occupants.
- Two units with separate entrances offer rental income potential or mortgage offset.
- Recent renovations include new flooring, fresh paint, and updated fixtures.
Local 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 | $39.3k | $17.40 |
| − Vacancy | −$2.4k | −$1.06 |
| EGI | $36.9k | $16.34 |
| − OpEx | −$11.1k | −$4.90 |
| NOI | $25.8k | $11.44 |
