Duplex with Attached
New
For Sale
$850,000
11809 E Main Ave, Spokane Valley, WA 99206
Residential Income, Spokane Valley, WA
Property Size5,840 SF
Lot Size0.35 Acres
Price / SF$145.55
Days on Market2
Property Features for 11809 E Main Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 4, Bathroom 1, Bedroom 4, Bathroom 3, Bedroom 5, Bedroom 1, Bedroom 2, Bedroom 6, Bedroom 3, Bathroom 5, Bathroom 6, Basement, Bathroom 2
Parking
4
Parking features
Open, Offsite, Garage
Spa
1
Window features
Vinyl Frames
Patio and Porch features
Deck
Interior features
Hot Water, Natural Woodwork
Exterior features
Spa/Hot Tub
Fireplace
1
Basement
Unfinished, Partially Finished, Full
Appliances
Free-Standing Range, Gas Range, Dishwasher, Refrigerator, Microwave, Hard Surface Counters
Lot features
Fenced Yard, Sprinkler - Automatic, Level
Elementary school
Opportunity
Middle school
North Pines
High school
Central Valley
Elementary school district
Central Valley
Directions
From N Pines Rd, head West on E Main Ave. Drive approximately 2 blocks. The property will be located on your Right (North side) in the 11800 block.
Standard status
Active
APN
45164.0339
Size
5,840 SF
Lot size
0.35 Acres
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
gas, electric, water
Taxes and HOA fees
Tax Annual Amount
2636
Utilities
Heating system
Natural Gas, Forced Air
Amenities
gas fireplace
covered back deck
sprinklered backyard
Building Details
Year built
2010
Floors in Building
2
Number of units
2
Building materials
Vinyl Siding
Roof type
Composition
Architectural style
Other
Additional Structures
Workshop
Buildings
1
Listing Agency:
REAL Broker LLC
Listed By:
Haydn Halsted · License #139160
(855) 450-0442
Added: Oct 29
Changed: Oct 30
Last Checked: Oct 30 at 8:06AM
MLS# 202626378
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.
Built in 2010, this 5,840-square-foot duplex contains two mirror-image units on a level, fenced 0.35-acre parcel. Each residence has three bedrooms, three bathrooms, an attached two-car garage, and a covered rear deck. The main floor includes a living room with a gas fireplace, an open kitchen, and a primary suite with a walk-in closet and full bath; vaulted ceilings and arched windows are located upstairs. One unit also includes a 30-by-25-foot shop with two overhead doors, a hot tub, and a partially finished basement with an egress window in the recreation room. The other unit has an unfinished basement and is leased month to month. Gas, electricity, and water are separately billed, while sewer service is shared.
The property is just off Pines Road and minutes from shopping, dining, and I-90. The units can be occupied separately or leased to residents.
The property is just off Pines Road and minutes from shopping, dining, and I-90. The units can be occupied separately or leased to residents.
Key Highlights
- Two mirror‑image units, each with 3 bedrooms, 3 bathrooms and an attached 2‑car garage
- Built in 2010; 5,840 square feet on a 0.35‑acre lot
- One unit includes a 30x25 shop with two overhead doors, a hot tub and a partially finished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,632
Cap Rate
5.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,012,640
$1.0M
Cap Rate 7%
$723,314
$723.3K
Cap Rate 9%
$562,578
$562.6K
Market Conditions
NOI Build-Up for 5,840 SF
Gross rent
$77.1K $13.20/SF
− Vacancy
−$4.8K −$0.81/SF
EGI
$72.3K $12.39/SF
− OpEx
−$21.7K −$3.72/SF
NOI
$50.6K $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%
$1,012,640
Cap Rate 7%
$723,314
Cap Rate 9%
$562,578
Alternative Uses
Best Use
Multifamily LT 5
$723.3K
$632.9K – $843.9K
NOI $50,632 @ 7.0% cap · market cap 5.96%
Second Best
Apartment 5plus
$669.3K
$585.6K – $780.8K
NOI $46,850 @ 7.0% cap · market cap 5.51%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,805 @ 7.0% cap · market cap 10.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two matching residences sit on a fenced lot, with separate garages and outdoor space for each household.
Where is this duplex located?
The property is located at 11809 E Main Ave Spokane Valley, WA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Two mirror‑image units, each with 3 bedrooms, 3 bathrooms and an attached 2‑car garage; Built in 2010; 5,840 square feet on a 0.35‑acre lot; One unit includes a 30x25 shop with two overhead doors, a hot tub and a partially finished basement
