Two-Story Duplex with
For Sale
$550,000
1020 S Westcliff Pl, Spokane, WA 99224
Both residences are occupied by long-term tenants.
Property Size3,728 SF
Price / SF$147.53
Days on Market59
Property Features for 1020 S Westcliff Pl
General Information
Standard status
Active
Size
3,728 SF
Total Parking Spaces
4
Property subtype
Residential Income
Occupancy
100%
Site & Location
Neighborhood
Grandview/Thorpe
Units
Unit Mix
2 x 2BR/3BA
Multifamily Units
2
Parking per Unit
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$5,871
Amenities
Pantry
Building Details
Building Size
3,728 SF
Year Built
1998
Buildings
1
Stories
2
Units
2
Listing Agency:
Coldwell Banker Tomlinson
(509) 467-7400
Listed By:
Angela Davis
(509) 844-7550
Source:
Ericksrealty
Added: Aug 26
Changed: Oct 23
Last Checked: Oct 23 at 4:21PM
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 Tomlinson
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Investment Insights
Based on property information with market context.
Built in 1998, this two-level duplex contains two residences of approximately 1,864 square feet each. Each unit has two bedrooms, three bathrooms, an attached two-car tandem garage, and additional flex space suitable for an office or small recreation room. The combined property size is 3,728 square feet.
Both units are currently leased to long-term tenants. The property is located at 1020 S Westcliff Pl in Spokane, Washington.
Both units are currently leased to long-term tenants. The property is located at 1020 S Westcliff Pl in Spokane, Washington.
Key Highlights
- Two residences, each approximately 1,864 square feet
- Each unit has 2 bedrooms and 3 bathrooms
- Attached two‑car tandem garage for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,646
Cap Rate
7.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$852,920
$852.9K
Cap Rate 7%
$609,229
$609.2K
Cap Rate 9%
$473,844
$473.8K
Market Conditions
NOI Build-Up for 3,728 SF
Gross rent
$64.9K $17.40/SF
− Vacancy
−$3.9K −$1.06/SF
EGI
$60.9K $16.34/SF
− OpEx
−$18.3K −$4.90/SF
NOI
$42.6K $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%
$852,920
Cap Rate 7%
$609,229
Cap Rate 9%
$473,844
Alternative Uses
Best Use
Multifamily LT 5
$609.2K
$533.1K – $710.8K
NOI $42,646 @ 7.0% cap · market cap 7.75%
Second Best
Apartment 5plus
$529.7K
$463.5K – $618.0K
NOI $37,078 @ 7.0% cap · market cap 6.74%
Theoretical Best
Office A
$961.8K
$841.6K – $1.12M
NOI $67,328 @ 7.0% cap · market cap 12.24%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
90
Businesses Nearby
Explore this area
Business Placement
Demographics for 99224, WA
24,085
Population
10,559
Households
2.3
Avg Household Size
39
Median Age
41%
College-Educated
96%
High-School Grad
118.8 sq mi
ZIP Area
203
Density / Sq Mi
$76,785
Median Household Income
$50,678
Median Earnings
$1,290
Median Rent
$439,700
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 occupied by long-term tenants.
Where is this duplex located?
The property is located at 1020 S Westcliff Pl Spokane, WA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two residences, each approximately 1,864 square feet; Each unit has 2 bedrooms and 3 bathrooms; Attached two‑car tandem garage for each residence
