Duplex with Attached
11809 Main, Spokane Valley, WA 99206
For Sale
$850,000
Two matching residences offer separate outdoor areas, covered decks, and individual two-car garages.
Property Size5,840 SF
Price / SF$145.55
Days on Market11
Property Features for 11809 Main
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Amenities
Garage: Attached, Detached, Garage Door Opener, Workshop in Garage, Off Site
Garage Spaces: 2
Style: Traditional
Traditional
Attached, Detached, Garage Door Opener, Workshop in Garage, Off Site
2
Building Details
Year Built
Listing Agency:
REAL Broker LLC
Listed By:
Haydn Halsted · License #139160
(509) 570-2482
Source:
Clearwaterproperties
Added: Oct 30
Changed: Nov 8
Last Checked: Nov 8 at 2:47AM
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 REAL Broker LLC
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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-layout homes, each with three bedrooms, three bathrooms, and an attached two-car garage. Both feature a main-level living room with a gas fireplace, an open kitchen with a gas range and breakfast bar, and a primary suite with a walk-in closet and full bath. Vaulted upper-level ceilings and arched windows distinguish the second floor. Covered decks and separately divided, fenced backyard areas provide outdoor space for each residence on the level 0.35-acre parcel.
One residence includes a hot tub, a 30-by-25-foot shop with two overhead doors, and a partially finished basement with an egress window in the recreation room. The other has an unfinished basement and a month-to-month lease. Gas, electric, and water are billed separately; sewer service is shared.
The property is just off Pines Road, with shopping, dining, and I-90 a short drive away.
One residence includes a hot tub, a 30-by-25-foot shop with two overhead doors, and a partially finished basement with an egress window in the recreation room. The other has an unfinished basement and a month-to-month lease. Gas, electric, and water are billed separately; sewer service is shared.
The property is just off Pines Road, with shopping, dining, and I-90 a short drive away.
Key Highlights
- Two mirrored residences, each with 3 bedrooms, 3 bathrooms, and a 2‑car attached garage
- 5,840 square feet on a level, fenced 0.35‑acre lot
- Built in 2010; both homes have covered decks and separate sprinklered backyard areas
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.
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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
$362,100
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Spokane Valley, WA
Properties on Market for Duplexes in Spokane Valley
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two matching residences offer separate outdoor areas, covered decks, and individual two-car garages.
Where is this duplex located?
The property is located at 11809 Main 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 mirrored residences, each with 3 bedrooms, 3 bathrooms, and a 2‑car attached garage; 5,840 square feet on a level, fenced 0.35‑acre lot; Built in 2010; both homes have covered decks and separate sprinklered backyard areas
