Two-Story 4-Plex
13208 E Skyview Ave Spokane Valley, WA 99216
13208 E Skyview Ave, Spokane Valley, WA, 99216
$595,000
For Sale
$595,000
MULTI_FAMILY - Spokane Valley, WA
Property Size2,858 SF
Lot Size0.30 Acres
Price / SF$208.19
Days on Market80
Property Features for 13208 E Skyview Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 3, Bedroom 7, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 5, Bedroom 1, Bathroom 4, Bedroom 2, Bedroom 6, Bedroom 8, Bathroom 1
- Parking
- 8
- Parking features
- Offsite, Carport
- 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
Listing Agency
eXp Realty, LLC
(888) 317-5197
601 W 1st Ave Ste 1400, Seattle, WA
Listed by
Hailey Austin
(360) 339-5093
Added: Apr 30 Checked: Jul 18 at 10:06 pm
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.
Investment Insights
Based on property information with market context.
This well-maintained two-story 4-plex includes four separate 2-bedroom, 1-bath units. Each unit is equipped with a private deck or patio, providing outdoor space tied directly to the living area. The property also offers shared laundry for residents, and off-street parking on site.
Located in Spokane Valley, the building is described as convenient to bus routes and within reach of everyday needs including grocery stores, restaurants, and schools. This type of access can support day-to-day tenant convenience.
As an income-focused property, the configuration supports a straightforward multi-unit rental setup with consistent unit mix across the four homes. The combination of private outdoor space, shared laundry, and on-site parking can help improve resident usability and day-to-day practicality for prospective tenants.
Located in Spokane Valley, the building is described as convenient to bus routes and within reach of everyday needs including grocery stores, restaurants, and schools. This type of access can support day-to-day tenant convenience.
As an income-focused property, the configuration supports a straightforward multi-unit rental setup with consistent unit mix across the four homes. The combination of private outdoor space, shared laundry, and on-site parking can help improve resident usability and day-to-day practicality for prospective tenants.
Key Highlights
- Well‑maintained two‑story 4‑plex with four 2‑bedroom, 1‑bath units
- Each unit includes a private deck or patio
- Shared laundry on site
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 | $37.7k | $13.20 |
| − Vacancy | −$2.3k | −$0.81 |
| EGI | $35.4k | $12.39 |
| − OpEx | −$10.6k | −$3.72 |
| NOI | $24.8k | $8.67 |
2,858 SF · lease $13.20/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$354.0K
$309.7K – $413.0K
NOI $24,779 @ 7.0% cap · market cap 4.16%
Second Best
Apartment 5plus
$327.5K
$286.6K – $382.1K
NOI $22,928 @ 7.0% cap · market cap 3.85%
Theoretical Best
Office A
$620.9K
$543.3K – $724.3K
NOI $43,460 @ 7.0% cap · market cap 7.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Well-maintained 4-plex with four 2-bedroom units, each offering a private deck or patio plus shared laundry and off-street parking.
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 $595,000.
What are key features of this property?
This property features: Well‑maintained two‑story 4‑plex with four 2‑bedroom, 1‑bath units; Each unit includes a private deck or patio; Shared laundry on site
