Two-Story Duplex with RV
For Sale
$699,900
10811 E Mission Ave, Spokane Valley, WA 99216
Residential Income, Spokane Valley, WA
Property Size3,000 SF
Lot Size0.33 Acres
Price / SF$233.30
Days on Market173
Property Features for 10811 E Mission Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 4, Bedroom 6, Bedroom 5, Bathroom 2, Bathroom 6, Bedroom 1, Bathroom 1, Bedroom 4, Bathroom 3, Bathroom 5, Bedroom 3, Bedroom 2
Parking features
RV, Open
Window features
Vinyl Frames
Patio and Porch features
Patio
Interior features
Hot Water, Kitchen Island
Appliances
Free-Standing Range, Dishwasher, Refrigerator
Lot features
Level, Oversized Lot, Fencing
Elementary school
Trent
Middle school
East Valley
High school
East Valley
Elementary school district
East Valley
Directions
East on Mission from Argonne or West on Mission from Pines
Standard status
Active
APN
45093.0943
Size
3,000 SF
Lot size
0.33 Acres
Taxes and HOA fees
Tax Annual Amount
6996
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Amenities
open kitchen/living room layout
spacious backyard
Building Details
Year built
2019
Floors in Building
2
Number of units
2
Building materials
Siding
Roof type
Composition
Architectural style
Other
Listing Agency:
Windermere Manito, LLC
(509) 747-1051
Listed By:
Scott Wright · License #24154
(509) 939-4268
Added: Apr 3
Changed: Sep 13
Last Checked: Sep 22 at 9:06PM
MLS# 202614794
Copyright © 2026 Spokane Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2019, this 3,000-square-foot duplex offers a two-level layout with living areas on the main floor and bedrooms above. Each unit includes an open kitchen and living room arrangement, a primary bedroom with a private bathroom, two additional bedrooms, and an office or flex room. Kitchen islands, free-standing ranges, dishwashers, refrigerators, forced-air natural gas heat, and central air are provided. Siding, composition roofing, and patios complete the improvements.
The property occupies 0.33 acres at 10811 E Mission Ave in Spokane Valley, near Mission Park. Open parking accommodates up to six vehicles per unit, with RV parking available. Spacious backyard areas provide additional outdoor space for residents.
The property occupies 0.33 acres at 10811 E Mission Ave in Spokane Valley, near Mission Park. Open parking accommodates up to six vehicles per unit, with RV parking available. Spacious backyard areas provide additional outdoor space for residents.
Key Highlights
- 3,000‑square‑foot duplex built in 2019
- Each unit accommodates up to six vehicles
- 0.33‑acre property near Mission Park
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,010
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$520,200
$520.2K
Cap Rate 7%
$371,571
$371.6K
Cap Rate 9%
$289,000
$289.0K
Market Conditions
NOI Build-Up for 3,000 SF
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.
Gross rent
$39.6K $13.20/SF
− Vacancy
−$2.4K −$0.81/SF
EGI
$37.2K $12.39/SF
− OpEx
−$11.1K −$3.72/SF
NOI
$26.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$520,200
Cap Rate 7%
$371,571
Cap Rate 9%
$289,000
Alternative Uses
Best Use
Multifamily LT 5
$371.6K
$325.1K – $433.5K
NOI $26,010 @ 7.0% cap · market cap 3.72%
Second Best
Apartment 5plus
$343.8K
$300.8K – $401.1K
NOI $24,067 @ 7.0% cap · market cap 3.44%
Theoretical Best
Office A
$651.7K
$570.2K – $760.3K
NOI $45,619 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
312
Businesses Nearby
Explore this area
Business Placement
Demographics for 99216, WA
28,379
Population
12,703
Households
2.2
Avg Household Size
37
Median Age
22%
College-Educated
95%
High-School Grad
14.2 sq mi
ZIP Area
1,999
Density / Sq Mi
$69,958
Median Household Income
$40,652
Median Earnings
$1,307
Median Rent
$336,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Recently built duplex with flexible upstairs living areas, central air, patios, and generous vehicle storage capacity.
Where is this duplex located?
The property is located at 10811 E Mission Ave Spokane Valley, WA.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: 3,000‑square‑foot duplex built in 2019; Each unit accommodates up to six vehicles; 0.33‑acre property near Mission Park
