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    Two-Story 4-Plex Investment Title is generated by Realmo AI

    13208 E Skyview Ave, Spokane Valley, WA 99216

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    For Sale
    $650,000

    MULTI_FAMILY - Spokane Valley, WA

    Property size:
    2,858 SF
    Lot size:
    0.30 Acres
    Price / SF:
    $227/SF
    Added:
    Apr 30, 2026
    Days on Market:
    35
    Last Refresh:
    Jun 3 at 3:06 pm

    Property Features for 13208 E Skyview Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    8
    Bathrooms
    4
    Rooms
    Bathroom 2, Bedroom 5, Bathroom 3, Bedroom 1, Bathroom 4, Bedroom 3, Bedroom 2, Bedroom 4, Bedroom 6, Bathroom 1, Bedroom 8, Bedroom 7
    Parking
    8
    Parking features
    Carport, Offsite
    Patio and Porch features
    Patio, Deck
    Appliances
    Free-Standing Range, Dishwasher, Refrigerator
    Standard status
    Active
    APN
    45274.2601
    Size
    2,858 SF
    Lot size
    0.30 Acres

    Utilities

    Heating system
    Baseboard
    Cooling system
    Wall Unit(s)

    Building Details

    Year built
    1983
    Floors in Building
    2
    Number of units
    4
    Building materials
    Wood Siding
    Roof type
    Flat

    We can help!

    Listing Contact
    Hailey Austin

    Listing agent Hailey Austin

    Listing office eXp Realty, LLC 601 W 1st Ave Ste 1400, Seattle, WA

    Listing date Apr 30, 2026

    MLS# 202616368 Listing URL

    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.

    HighLights

    • Well‑maintained 2‑story 4‑plex built in 1983
    • Four 2‑bedroom, 1‑bath units, each with a private deck or patio
    • Each unit includes appliances such as a free‑standing range, dishwasher, and refrigerator
    • Heating provided by baseboard; cooling includes wall unit(s)
    • Shared laundry on site with off‑street parking, including a carport
    • Flat roof and wood siding construction

    Overview

    This well-maintained two-story 4-plex offers four 2-bedroom, 1-bath units. Each unit includes a private deck or patio, providing outdoor space that can help support tenant satisfaction. The property also features off-street parking on site and shared laundry, adding convenience for residents.

    Located in Spokane Valley, the property is positioned for everyday accessibility, with proximity to bus routes, grocery stores, restaurants, and schools. That combination of transportation options and nearby daily needs can help strengthen leasing demand and support resident retention.

    As an investment, the unit mix makes the building well-suited for tenants looking for two-bedroom layouts while providing an operator the benefit of a four-unit structure. The presence of private outdoor space, shared laundry, and on-site parking supports a practical, livable resident experience, making it a solid addition to an investment portfolio.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Map

    City
    Spokane Valley
    County
    Spokane
    State
    Washington
    Longitude
    -117.227337
    Latitude
    47.629582

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    FAQs

    What type of property is this?
    Quadplex - Well-maintained four-unit property with private outdoor space and off-street parking for easy tenant appeal.
    Where is this quadplex located?
    The property is located at 13208 E Skyview Ave Spokane Valley, WA.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Well‑maintained 2‑story 4‑plex built in 1983; Four 2‑bedroom, 1‑bath units, each with a private deck or patio; Each unit includes appliances such as a free‑standing range, dishwasher, and refrigerator
    (360) 339-5093
    We can help!
    Listing Contact
    Hailey Austin
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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