Duplex with Garage
For Sale
$449,900
Pending
1115 Woodward, Spokane, WA 99206
Both residences include in-unit laundry, while two detached garages provide four covered parking spaces.
Property Size2,024 SF
Days on Market29
Property Features for 1115 Woodward
General Information
Standard status
Pending
Size
2,024 SF
Total Parking Spaces
4
Property subtype
Multi Family Home
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,770
Amenities
washer/dryer
Garage: Detached, Garage Door Opener, Workshop in Garage, Off Site
Garage Spaces: 4
Style: Contemporary
Contemporary
Detached, Garage Door Opener, Workshop in Garage, Off Site
4
Building Details
Year Built
1948
Buildings
1
Listing Agency:
Keller Williams Realty Coeur d
Listed By:
Seth Maefsky · License #25177
(208) 651-9700
Source:
Clearwaterproperties
Added: Sep 26
Changed: Oct 23
Last Checked: Oct 23 at 5:37AM
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 Keller Williams Realty Coeur d
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1948, this 2,024-square-foot duplex contains two residences, each with two bedrooms and one bathroom. Both units have LVP flooring and their own washer and dryer. Exterior work includes a roof and gutters installed in 2024, along with fiber-cement siding and exterior paint. Two detached two-car garages provide four garage spaces, with a workshop area and garage door openers also noted. The property is at 1115 Woodward in Spokane Valley.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 2,024 square feet; built in 1948
- Two detached 2‑car garages provide 4 garage spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,153
Cap Rate
5.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$463,060
$463.1K
Cap Rate 7%
$330,757
$330.8K
Cap Rate 9%
$257,256
$257.3K
Market Conditions
NOI Build-Up for 2,024 SF
Gross rent
$35.2K $17.40/SF
− Vacancy
−$2.1K −$1.06/SF
EGI
$33.1K $16.34/SF
− OpEx
−$9.9K −$4.90/SF
NOI
$23.2K $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%
$463,060
Cap Rate 7%
$330,757
Cap Rate 9%
$257,256
Alternative Uses
Best Use
Multifamily LT 5
$330.8K
$289.4K – $385.9K
NOI $23,153 @ 7.0% cap · market cap 5.15%
Second Best
Apartment 5plus
$287.6K
$251.6K – $335.5K
NOI $20,131 @ 7.0% cap · market cap 4.47%
Theoretical Best
Office A
$522.2K
$456.9K – $609.2K
NOI $36,553 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
234
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
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences include in-unit laundry, while two detached garages provide four covered parking spaces.
Where is this duplex located?
The property is located at 1115 Woodward Spokane, WA.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; 2,024 square feet; built in 1948; Two detached 2‑car garages provide 4 garage spaces
