Historic Corner Lot
For Sale
$365,000
1202 W Sinto Ave, Spokane, WA 99201
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 Market113
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
Site & Location
Neighborhood
West Central
Additional Details
Multifamily Units
2
Building Details
Year Built
1896
Stories
2
Construction
Cape Cod
Tenancy
Multi
Listing Agency:
Source Real Estate
Listed By:
David Reynolds · License #27874
(509) 981-7853
Source:
Clemensregroup
Added: Jul 4
Changed: Oct 1
Last Checked: Oct 23 at 10:53AM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,996
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$399,920
$399.9K
Cap Rate 7%
$285,657
$285.7K
Cap Rate 9%
$222,178
$222.2K
Market Conditions
NOI Build-Up for 1,748 SF
Gross rent
$30.4K $17.40/SF
− Vacancy
−$1.8K −$1.06/SF
EGI
$28.6K $16.34/SF
− OpEx
−$8.6K −$4.90/SF
NOI
$20.0K $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%
$399,920
Cap Rate 7%
$285,657
Cap Rate 9%
$222,178
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 authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,710
Businesses Nearby
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Business Placement
Demographics for 99201, WA
15,716
Population
8,842
Households
1.8
Avg Household Size
39
Median Age
34%
College-Educated
91%
High-School Grad
3.0 sq mi
ZIP Area
5,239
Density / Sq Mi
$35,286
Median Household Income
$36,599
Median Earnings
$883
Median Rent
$259,800
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 - 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
