Two-Unit Duplex with Attached
1206 N Marcus Rd, Spokane Valley, WA 99216
For Sale
$449,000
Both residences offer private decks, vaulted ceilings, and open layouts suited to separate household use.
Property Size2,432 SF
Price / SF$184.62
Days on Market110
Property Features for 1206 N Marcus Rd
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
private deck
attached oversized garage with shop area
vaulted ceilings
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Keller Williams Spokane - Main
(509) 458-4000
Listed By:
Mary Stanton
(509) 710-8200
Source:
Ericksrealty
Added: Jul 23
Changed: Nov 8
Last Checked: Nov 8 at 2:50PM
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 Keller Williams Spokane - Main
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Investment Insights
Based on property information with market context.
This 1976 duplex contains two residences, each with 2 bedrooms, 1.5 bathrooms and approximately 1,216 square feet. Both feature vaulted ceilings, open floor plans and private decks. Attached oversized garages include shop areas, providing additional functional space for each unit.
The property is at 1206 N Marcus Rd in Spokane Valley, on a cul-de-sac and within the Central Valley School District. Long-term tenants occupy the residences, and the property has an established rental history.
The property is at 1206 N Marcus Rd in Spokane Valley, on a cul-de-sac and within the Central Valley School District. Long-term tenants occupy the residences, and the property has an established rental history.
Key Highlights
- Two units, each with 2 bedrooms and 1.5 bathrooms
- Approximately 1,216 square feet per unit; 2,432 square feet total
- Oversized attached garage with shop area for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,085
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$421,700
$421.7K
Cap Rate 7%
$301,214
$301.2K
Cap Rate 9%
$234,278
$234.3K
Market Conditions
NOI Build-Up for 2,432 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%
$421,700
Cap Rate 7%
$301,214
Cap Rate 9%
$234,278
Alternative Uses
Best Use
Multifamily LT 5
$301.2K
$263.6K – $351.4K
NOI $21,085 @ 7.0% cap · market cap 4.70%
Second Best
Apartment 5plus
$278.7K
$243.9K – $325.2K
NOI $19,510 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$528.3K
$462.3K – $616.4K
NOI $36,982 @ 7.0% cap · market cap 8.24%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
308
Businesses Nearby
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Business Placement
Demographics for 99216, WA
28,379
Population
12,703
Households
2.2
Avg Household Size
37
Median Age
22%
College-Educated
95%
High-School Grad
14.2 sq mi
ZIP Area
1,999
Density / Sq Mi
$69,958
Median Household Income
$40,652
Median Earnings
$1,307
Median Rent
$336,700
Median Home Value
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Market
Average Price Trend$/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 - Both residences offer private decks, vaulted ceilings, and open layouts suited to separate household use.
Where is this duplex located?
The property is located at 1206 N Marcus Rd Spokane Valley, WA.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1.5 bathrooms; Approximately 1,216 square feet per unit; 2,432 square feet total; Oversized attached garage with shop area for each residence
