Duplex with Attached
For Sale
$525,000
10720 & 10722 E Springfield Ave, Spokane Valley, WA 99206
Two residential units offer private garage access, covered patios, and a fenced outdoor area in Spokane Valley.
Property Size3,816 SF
Price / SF$137.58
Days on Market87
Property Features for 10720 & 10722 E Springfield Ave
General Information
Standard status
Active
Size
3,816 SF
Property subtype
Multi-Family
Building Details
Year Built
1962
Listing Agency:
Realty One Group Eclipse
Listed By:
Krystle Atkins · License #SP50083
(509) 624-6873
Source:
Clemensregroup
Added: Jul 21
Changed: Sep 29
Last Checked: Oct 7 at 4:10PM
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 Realty One Group Eclipse
Investment Insights
Based on property information with market context.
Built in 1962, this duplex contains 3,816 square feet across two residential units. Each unit includes an attached one-car garage with an opener, while interior features include some hardwood flooring. Covered patios and a fully fenced backyard provide additional private outdoor space for occupants.
The property is located at 10720 & 10722 E Springfield Ave in Spokane Valley, WA 99206, near schools, shopping, Dishman Hills, and freeway access. Rental history is also noted, supporting continued consideration as a residential income property or an owner-occupant arrangement.
The property is located at 10720 & 10722 E Springfield Ave in Spokane Valley, WA 99206, near schools, shopping, Dishman Hills, and freeway access. Rental history is also noted, supporting continued consideration as a residential income property or an owner-occupant arrangement.
Key Highlights
- 3,816‑square‑foot duplex built in 1962
- Two residential units, each with an attached one‑car garage and opener
- Covered patios provide outdoor space for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,084
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$661,680
$661.7K
Cap Rate 7%
$472,629
$472.6K
Cap Rate 9%
$367,600
$367.6K
Market Conditions
NOI Build-Up for 3,816 SF
Gross rent
$50.4K $13.20/SF
− Vacancy
−$3.1K −$0.81/SF
EGI
$47.3K $12.39/SF
− OpEx
−$14.2K −$3.72/SF
NOI
$33.1K $8.67/SF
Area
Spokane Valley, WA
Vacancy
6.17%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$661,680
Cap Rate 7%
$472,629
Cap Rate 9%
$367,600
Alternative Uses
Best Use
Multifamily LT 5
$472.6K
$413.6K – $551.4K
NOI $33,084 @ 7.0% cap · market cap 6.30%
Second Best
Apartment 5plus
$437.3K
$382.7K – $510.2K
NOI $30,613 @ 7.0% cap · market cap 5.83%
Theoretical Best
Office A
$829.0K
$725.4K – $967.1K
NOI $58,028 @ 7.0% cap · market cap 11.05%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
560
Businesses Nearby
Explore this area
Business Placement
Demographics for 99206, WA
39,842
Population
17,339
Households
2.3
Avg Household Size
39
Median Age
28%
College-Educated
95%
High-School Grad
23.4 sq mi
ZIP Area
1,703
Density / Sq Mi
$75,538
Median Household Income
$42,018
Median Earnings
$1,174
Median Rent
$362,100
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 residential units offer private garage access, covered patios, and a fenced outdoor area in Spokane Valley.
Where is this duplex located?
The property is located at 10720 & 10722 E Springfield Ave Spokane Valley, WA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 3,816‑square‑foot duplex built in 1962; Two residential units, each with an attached one‑car garage and opener; Covered patios provide outdoor space for each unit
