Duplex With Detached
1122 W Augusta Ave, Spokane, WA 99205
For Sale
$375,000
Two distinct apartments are complemented by a detached garage, patio, and yard.
Property Size1,358 SF
Price / SF$276.14
Days on Market38
Property Features for 1122 W Augusta Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Public Transit
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
yard
patio
green space
Natural Woodwork
Building Details
Building Size
Year Built
Units
Listing Agency:
Redfin
(509) 260-8296
Listed By:
Ross Hamilton
(209) 534-3918
Source:
Ericksrealty
Added: Oct 1
Changed: Nov 7
Last Checked: Nov 7 at 12:41PM
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 Redfin
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1893, this 1,358-square-foot duplex contains two updated apartments. The lower unit has two bedrooms, one bathroom, and a large kitchen. Above it, the one-bedroom, one-bathroom residence features tall ceilings and a kitchen with room for dining. Both apartments receive abundant natural light and combine historic character with modern updates. A detached garage offers parking or storage, while the yard includes a patio and green space.
The property is near Gonzaga University, downtown shops and dining, and transit service. Both units have tenants in place.
The property is near Gonzaga University, downtown shops and dining, and transit service. Both units have tenants in place.
Key Highlights
- 1,358‑square‑foot duplex built in 1893
- Two‑bedroom, one‑bathroom lower unit; one‑bedroom, one‑bathroom upper unit
- Both apartments have updated interiors and abundant natural light
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,535
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$310,700
$310.7K
Cap Rate 7%
$221,929
$221.9K
Cap Rate 9%
$172,611
$172.6K
Market Conditions
NOI Build-Up for 1,358 SF
Gross rent
$23.6K $17.40/SF
− Vacancy
−$1.4K −$1.06/SF
EGI
$22.2K $16.34/SF
− OpEx
−$6.7K −$4.90/SF
NOI
$15.5K $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%
$310,700
Cap Rate 7%
$221,929
Cap Rate 9%
$172,611
Alternative Uses
Best Use
Multifamily LT 5
$221.9K
$194.2K – $258.9K
NOI $15,535 @ 7.0% cap · market cap 4.14%
Second Best
Apartment 5plus
$193.0K
$168.8K – $225.1K
NOI $13,507 @ 7.0% cap · market cap 3.60%
Theoretical Best
Office A
$350.4K
$306.6K – $408.8K
NOI $24,525 @ 7.0% cap · market cap 6.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,577
Businesses Nearby
Explore this area
Business Placement
Demographics for 99205, WA
44,036
Population
18,791
Households
2.3
Avg Household Size
37
Median Age
26%
College-Educated
93%
High-School Grad
9.0 sq mi
ZIP Area
4,893
Density / Sq Mi
$72,547
Median Household Income
$42,148
Median Earnings
$1,250
Median Rent
$286,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/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 - Two distinct apartments are complemented by a detached garage, patio, and yard.
Where is this duplex located?
The property is located at 1122 W Augusta Ave Spokane, WA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 1,358‑square‑foot duplex built in 1893; Two‑bedroom, one‑bathroom lower unit; one‑bedroom, one‑bathroom upper unit; Both apartments have updated interiors and abundant natural light
