Duplex with Four-Car
For Sale
$550,000
10906 E 17th Ave, Spokane Valley, WA 99206
Vacant units combine refreshed interiors with flexible rental, owner-occupant, and multigenerational living options.
Property Size2,704 SF
Price / SF$203.40
Days on Market86
Property Features for 10906 E 17th Ave
General Information
Standard status
Active
Size
2,704 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1972
Listing Agency:
EXIT Real Estate Professionals
Listed By:
Mike Hansen · License #20120710
(509) 535-8400
Source:
Clemensregroup
Added: Jul 21
Changed: Oct 13
Last Checked: Oct 7 at 2:06PM
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 EXIT Real Estate Professionals
Investment Insights
Based on property information with market context.
This duplex includes two vacant residences, each with two bedrooms, two bathrooms, and an additional non-egress bedroom. Both units have detached one-car garages, gas forced-air heat, gas water heaters, and new vinyl flooring. Interior and exterior paint has also been completed. The property contains 2,704 square feet and was built in 1972.
A separate insulated four-car shop adds substantial utility, with water, power, and a small finished loft. The shop can accommodate workshop, storage, or other flex-space needs. The floor plan may support adult family home use, subject to buyer verification. Located near schools, shopping, and everyday amenities, the property supports rental, owner-occupant, and multigenerational living strategies.
A separate insulated four-car shop adds substantial utility, with water, power, and a small finished loft. The shop can accommodate workshop, storage, or other flex-space needs. The floor plan may support adult family home use, subject to buyer verification. Located near schools, shopping, and everyday amenities, the property supports rental, owner-occupant, and multigenerational living strategies.
Key Highlights
- Two‑unit duplex with 2,704 square feet, built in 1972
- Each unit offers 2 bedrooms, 2 bathrooms, and an additional non‑egress bedroom
- Both units are vacant and include a detached one‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,443
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$468,860
$468.9K
Cap Rate 7%
$334,900
$334.9K
Cap Rate 9%
$260,478
$260.5K
Market Conditions
NOI Build-Up for 2,704 SF
Gross rent
$35.7K $13.20/SF
− Vacancy
−$2.2K −$0.81/SF
EGI
$33.5K $12.39/SF
− OpEx
−$10.0K −$3.72/SF
NOI
$23.4K $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%
$468,860
Cap Rate 7%
$334,900
Cap Rate 9%
$260,478
Alternative Uses
Best Use
Multifamily LT 5
$334.9K
$293.0K – $390.7K
NOI $23,443 @ 7.0% cap · market cap 4.26%
Second Best
Apartment 5plus
$309.9K
$271.2K – $361.5K
NOI $21,692 @ 7.0% cap · market cap 3.94%
Theoretical Best
Office A
$587.4K
$514.0K – $685.3K
NOI $41,118 @ 7.0% cap · market cap 7.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
129
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 - Vacant units combine refreshed interiors with flexible rental, owner-occupant, and multigenerational living options.
Where is this duplex located?
The property is located at 10906 E 17th Ave Spokane Valley, 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‑unit duplex with 2,704 square feet, built in 1972; Each unit offers 2 bedrooms, 2 bathrooms, and an additional non‑egress bedroom; Both units are vacant and include a detached one‑car garage
