Victorian 4-Unit
For Sale
$525,000
1913 W Mallon Ave, Spokane, WA 99201
Separate metering across the units simplifies utility administration.
Property Size2,408 SF
Price / SF$218.02
Days on Market66
Property Features for 1913 W Mallon Ave
General Information
Standard status
Active
Size
2,408 SF
Property subtype
Multi-Family
Units
Unit Mix
4 x 1BR/1BA
Multifamily Units
4
Building Details
Year Built
1907
Listing Agency:
eXp Realty, LLC
Listed By:
Sarah Hoverson · License #110336
(406) 690-8080
Source:
Clemensregroup
Added: Aug 1
Changed: Sep 13
Last Checked: Oct 4 at 2:10PM
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 eXp Realty, LLC
Investment Insights
Based on property information with market context.
This 2,408-square-foot quadplex contains four residential units, each configured with one bedroom and one bathroom. Built in 1907, the property features Victorian exterior detailing and a four-unit layout suited to multifamily residential use.
Three units are currently rented, while the remaining unit is vacant. Separate metering is provided for each unit, allowing utilities to be managed independently. The property is located at 1913 Mallon in Spokane, Washington 99201.
Three units are currently rented, while the remaining unit is vacant. Separate metering is provided for each unit, allowing utilities to be managed independently. The property is located at 1913 Mallon in Spokane, Washington 99201.
Key Highlights
- Four‑unit quadplex with 1 bedroom and 1 bathroom per unit
- 2,408 SF multifamily property
- Three units currently rented; one unit vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,546
Cap Rate
5.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$550,920
$550.9K
Cap Rate 7%
$393,514
$393.5K
Cap Rate 9%
$306,067
$306.1K
Market Conditions
NOI Build-Up for 2,408 SF
Gross rent
$41.9K $17.40/SF
− Vacancy
−$2.5K −$1.06/SF
EGI
$39.4K $16.34/SF
− OpEx
−$11.8K −$4.90/SF
NOI
$27.5K $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%
$550,920
Cap Rate 7%
$393,514
Cap Rate 9%
$306,067
Alternative Uses
Best Use
Multifamily LT 5
$393.5K
$344.3K – $459.1K
NOI $27,546 @ 7.0% cap · market cap 5.25%
Second Best
Apartment 5plus
$342.1K
$299.4K – $399.2K
NOI $23,950 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$621.3K
$543.6K – $724.8K
NOI $43,488 @ 7.0% cap · market cap 8.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
815
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Separate metering across the units simplifies utility administration.
Where is this quadplex located?
The property is located at 1913 W Mallon Ave Spokane, WA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Four‑unit quadplex with 1 bedroom and 1 bathroom per unit; 2,408 SF multifamily property; Three units currently rented; one unit vacant
