Historic Corner Lot
1202 W Sinto Ave Spokane, WA 99201
1202 W Sinto Ave, Spokane, WA, 99201
$365,000
For Sale
$365,000
1890s Cape Cod-style duplex with two separate units, including two beds and one bath on the lower level.
Property Size1,748 SF
Lot Size0.14 Acres
Price / SF$208.81
Days on Market20
Property Features for 1202 W Sinto Ave
General Information
- Standard status
- Active
- Size
- 1,748 SF
- Lot size
- 0.14 Acres
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1896
Listing agency
Source Real Estate
(828) 505-7161
Listed by
David Reynolds · License #27874
Source
Clearwaterproperties
Added: Jul 4 Updated: Jul 22 at 11:43AM Checked: Jul 22 at 11:43AM
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 Source Real Estate
Investment Insights
Based on property information with market context.
Step into an 1890s Cape Cod-style duplex set on a .14-acre corner lot at 1202 W Sinto Ave in Spokane, WA 99201. The property is configured as two separate living units, with a spacious main living and dining area plus two bedrooms and one bath on the lower level. The upper unit features a one-bedroom layout with a bath, offering flexibility for a range of residential income or occupancy setups.
The duplex is positioned for convenient access to shopping in Kendall Yards, Gonzaga University, and downtown Spokane. Local favorites noted nearby include Indaba Coffee, REI, Made with Love Bakery, and antique shops. The Sinto Senior Center is located two doors down and hosts daily activities and food for the community.
With both lower and upper unit living spaces already in place, the duplex presents a straightforward residential income property with an established two-unit arrangement on a corner lot.
The duplex is positioned for convenient access to shopping in Kendall Yards, Gonzaga University, and downtown Spokane. Local favorites noted nearby include Indaba Coffee, REI, Made with Love Bakery, and antique shops. The Sinto Senior Center is located two doors down and hosts daily activities and food for the community.
With both lower and upper unit living spaces already in place, the duplex presents a straightforward residential income property with an established two-unit arrangement on a corner lot.
Key Highlights
- 1896 Cape Cod‑style duplex on a .14‑acre corner lot
- 2 separate units: lower unit has 2 bedrooms and 1 bath
- Upper unit offers 1 bedroom and 1 bath
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.4k | $17.40 |
| − Vacancy | −$1.8k | −$1.06 |
| EGI | $28.6k | $16.34 |
| − OpEx | −$8.6k | −$4.90 |
| NOI | $20.0k | $11.44 |
1,748 SF · lease $17.40/SF/yr · vacancy 6.08% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$285.7K
$250.0K – $333.3K
NOI $19,996 @ 7.0% cap · market cap 5.48%
Second Best
Apartment 5plus
$248.4K
$217.3K – $289.8K
NOI $17,385 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$451.0K
$394.6K – $526.2K
NOI $31,569 @ 7.0% cap · market cap 8.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - 1890s Cape Cod-style duplex with two separate units, including two beds and one bath on the lower level.
Where is this duplex located?
The property is located at 1202 W Sinto Ave Spokane, WA.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: 1896 Cape Cod‑style duplex on a .14‑acre corner lot; 2 separate units: lower unit has 2 bedrooms and 1 bath; Upper unit offers 1 bedroom and 1 bath
