Two-Unit Duplex with Separate Electrical
For Sale
$322,500
1017 W Augusta Ave, Spokane, WA 99205
Both residences are vacant, with laundry hookups and separate electrical service for each unit.
Property Size2,600 SF
Price / SF$124.04
Days on Market119
Property Features for 1017 W Augusta Ave
General Information
Standard status
Active
Size
2,600 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Emerson/Garfield
Units
Unit Mix
1 x 2BR/1BA, 1 x 2BR/1.5BA
Multifamily Units
2
Individually Metered Utilities
electricity
Amenities
laundry hookups
Building Details
Building Size
2,600 SF
Year Built
1902
Units
2
Listing Agency:
Deese Real Estate
(509) 293-9291
Listed By:
Billy Deese · License #27657
(509) 590-5603
Source:
Ericksrealty
Added: Jun 27
Changed: Oct 23
Last Checked: Oct 23 at 4:52PM
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 Deese Real Estate
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Investment Insights
Based on property information with market context.
Built in 1902, this duplex contains two two-bedroom residences: a downstairs unit with one bathroom and an upstairs unit with one and a half bathrooms. Each has its own electrical service and laundry hookups. Both units are vacant.
Key Highlights
- Two two‑bedroom units: one with 1 bath and one with 1.5 baths
- Separate electrical service and laundry hookups for each residence
- Both units are vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,859
Cap Rate
8.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$517,180
$517.2K
Cap Rate 7%
$369,414
$369.4K
Cap Rate 9%
$287,322
$287.3K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$50.2K $19.32/SF
− Vacancy
−$3.2K −$1.24/SF
EGI
$47.0K $18.08/SF
− OpEx
−$21.2K −$8.14/SF
NOI
$25.9K $9.95/SF
Area
Spokane, WA
Vacancy
6.40%
Lease Rate
$19.32 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$517,180
Cap Rate 7%
$369,414
Cap Rate 9%
$287,322
Alternative Uses
Best Use
Multifamily LT 5
$424.9K
$371.8K – $495.7K
NOI $29,743 @ 7.0% cap · market cap 9.22%
Second Best
Apartment 5plus
$369.4K
$323.2K – $431.0K
NOI $25,859 @ 7.0% cap · market cap 8.02%
Theoretical Best
Office A
$670.8K
$587.0K – $782.6K
NOI $46,956 @ 7.0% cap · market cap 14.56%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,577
Businesses Nearby
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Business Placement
Demographics for 99205, WA
44,036
Population
18,791
Households
2.3
Avg Household Size
37
Median Age
26%
College-Educated
93%
High-School Grad
9.0 sq mi
ZIP Area
4,893
Density / Sq Mi
$72,547
Median Household Income
$42,148
Median Earnings
$1,250
Median Rent
$286,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are vacant, with laundry hookups and separate electrical service for each unit.
Where is this duplex located?
The property is located at 1017 W Augusta Ave Spokane, WA.
What is the asking price?
The asking price for this property is $322,500.
What are key features of this property?
This property features: Two two‑bedroom units: one with 1 bath and one with 1.5 baths; Separate electrical service and laundry hookups for each residence; Both units are vacant
