2023 Single-Level
For Sale
$600,000
Pending
11704 VALLEYWAY, Spokane Valley, WA 99206
Two residences feature modern construction, private laundry, and access to the Central Valley School District.
Property Size2,430 SF
Days on Market90
Property Features for 11704 VALLEYWAY
General Information
Standard status
Pending
Size
2,430 SF
Property subtype
Multi Family Home
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,046
Amenities
in-unit washer and dryer
Garage: Attached
Garage Spaces: 2
Style: Ranch
Ranch
Attached
2
Building Details
Year Built
2023
Listing Agency:
Amplify Real Estate Services
Listed By:
Dustin Cramer · License #113010
(509) 263-1870
Source:
Clearwaterproperties
Added: Aug 2
Changed: Oct 28
Last Checked: Oct 28 at 7:45AM
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 Amplify Real Estate Services
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Investment Insights
Based on property information with market context.
Built in 2023, this duplex contains 2,430 square feet configured as two single-level residences. Each unit includes three bedrooms, two bathrooms, and an in-unit washer and dryer. The ranch-style design provides a straightforward layout for daily living and property maintenance.
Located at 11704 Valleyway in Spokane Valley, Washington, the property falls within the Central Valley School District. Its two-unit format, newer construction, and consistent bedroom-and-bathroom configuration create a clearly defined residential income property with practical in-unit amenities.
Located at 11704 Valleyway in Spokane Valley, Washington, the property falls within the Central Valley School District. Its two-unit format, newer construction, and consistent bedroom-and-bathroom configuration create a clearly defined residential income property with practical in-unit amenities.
Key Highlights
- Built in 2023
- 2,430 SF duplex
- Each unit has 3 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,068
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$421,360
$421.4K
Cap Rate 7%
$300,971
$301.0K
Cap Rate 9%
$234,089
$234.1K
Market Conditions
NOI Build-Up for 2,430 SF
Gross rent
$32.1K $13.20/SF
− Vacancy
−$2.0K −$0.81/SF
EGI
$30.1K $12.39/SF
− OpEx
−$9.0K −$3.72/SF
NOI
$21.1K $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%
$421,360
Cap Rate 7%
$300,971
Cap Rate 9%
$234,089
Alternative Uses
Best Use
Multifamily LT 5
$301.0K
$263.4K – $351.1K
NOI $21,068 @ 7.0% cap · market cap 3.51%
Second Best
Apartment 5plus
$278.5K
$243.7K – $324.9K
NOI $19,494 @ 7.0% cap · market cap 3.25%
Theoretical Best
Office A
$527.9K
$461.9K – $615.9K
NOI $36,952 @ 7.0% cap · market cap 6.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
966
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Duplex - Two residences feature modern construction, private laundry, and access to the Central Valley School District.
Where is this duplex located?
The property is located at 11704 VALLEYWAY Spokane Valley, WA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Built in 2023; 2,430 SF duplex; Each unit has 3 bedrooms and 2 bathrooms
