2-Unit Duplex with
1111 E 29th Ave, Spokane, WA 99203
For Sale
New
$599,900
Residential Income, Spokane, WA
Property Size2,884 SF
Lot Size0.16 Acres
Price / SF$208.01
Days on Market2
Property Features for 1111 E 29th Ave
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Window features
Patio and Porch features
Interior features
Appliances
Lot features
Elementary school
Middle school
High school
Elementary school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Amenities
deck
central air conditioning
gas heat
updated LVP flooring
walk-in closets
laundry
maintenance shed
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Architectural style
Buildings
Listing Agency:
Kelly Right Real Estate of Spokane
Listed By:
Jared Urbick · License WA #24022549
(509) 489-7000
Added: Nov 9
Last Checked: Nov 10 at 6:06AM
MLS# 202626877
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.
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Investment Insights
Based on property information with market context.
This 2,884-square-foot duplex contains two residences, each with 3 bedrooms, 2 full bathrooms, and a 2-car garage. The homes were built in 2006 and sit on a 0.163-acre lot. Interior features include vaulted great rooms, dining areas, kitchens with central islands, and primary suites with walk-in closets. Each unit also has a deck, laundry machines, central air conditioning, and vinyl flooring.
Located at 1111 E 29th Ave in Spokane, the property has alley access and additional driveway parking. A front yard and maintenance shed are also part of the property.
Located at 1111 E 29th Ave in Spokane, the property has alley access and additional driveway parking. A front yard and maintenance shed are also part of the property.
Key Highlights
- Two residences, each with 1,442 square feet, 3 bedrooms, and 2 full bathrooms
- 2,884‑square‑foot duplex on a 0.163‑acre lot
- Each unit has a 2‑car garage and its own deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,991
Cap Rate
5.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$659,820
$659.8K
Cap Rate 7%
$471,300
$471.3K
Cap Rate 9%
$366,567
$366.6K
Market Conditions
NOI Build-Up for 2,884 SF
Gross rent
$50.2K $17.40/SF
− Vacancy
−$3.1K −$1.06/SF
EGI
$47.1K $16.34/SF
− OpEx
−$14.1K −$4.90/SF
NOI
$33.0K $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%
$659,820
Cap Rate 7%
$471,300
Cap Rate 9%
$366,567
Alternative Uses
Best Use
Multifamily LT 5
$471.3K
$412.4K – $549.9K
NOI $32,991 @ 7.0% cap · market cap 5.50%
Second Best
Apartment 5plus
$409.8K
$358.6K – $478.1K
NOI $28,684 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$744.1K
$651.1K – $868.1K
NOI $52,085 @ 7.0% cap · market cap 8.68%
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
426
Businesses Nearby
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Business Placement
Demographics for 99203, WA
21,072
Population
9,742
Households
2.2
Avg Household Size
43
Median Age
57%
College-Educated
99%
High-School Grad
4.6 sq mi
ZIP Area
4,581
Density / Sq Mi
$95,532
Median Household Income
$56,122
Median Earnings
$1,243
Median Rent
$449,100
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Spokane, WA
Properties on Market for Duplexes in Spokane
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences feature three-bedroom layouts, two-car garages, and individual outdoor decks.
Where is this duplex located?
The property is located at 1111 E 29th Ave Spokane, WA.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Two residences, each with 1,442 square feet, 3 bedrooms, and 2 full bathrooms; 2,884‑square‑foot duplex on a 0.163‑acre lot; Each unit has a 2‑car garage and its own deck
