Residential Income Property with RV
13414/ 16 26TH, Spokane Valley, WA 99216
For Sale
$464,900
Pending
Residential income property with finished daylight space, fireplace features, and paved RV access.
Property Size1,928 SF
Days on Market1709
Property Features for 13414/ 16 26TH
General Information
Standard status
Size
Property subtype
Zoning
Taxes and HOA fees
Annual Taxes
Amenities
Curbs
Baseboard, Fireplace(s), Electric, Wood
Walk-Out Access, Finished, Daylight
High Speed Internet
Territorial
Partial
Paved, RV Access/Parking
Building Details
Building Size
Year Built
Listing Agency:
Sayles Real Estate LLC
Listed By:
Bill Shine · License WA SP22315
(208) 699-9120
Source:
Evrealestate
Added: Mar 7, 2022
Changed: Oct 26
Last Checked: Nov 8 at 6:14AM
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 Sayles Real Estate LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This residential income property was built in 1972 and contains 1,928 square feet. Interior features include baseboard heating, electric service, fireplace(s), high-speed internet, and finished daylight space with walk-out access. The property also includes paved RV access and parking, along with partial territorial views.
Located in Spokane Valley, the property is reached from HWY 90 via Pines Road and HWY 27, with access continuing through 24th Avenue, Forrest, and 26th Avenue. RES zoning supports its residential income property classification.
Located in Spokane Valley, the property is reached from HWY 90 via Pines Road and HWY 27, with access continuing through 24th Avenue, Forrest, and 26th Avenue. RES zoning supports its residential income property classification.
Key Highlights
- 1,928‑square‑foot residential income property
- Built in 1972
- RES zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,467
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$309,340
$309.3K
Cap Rate 7%
$220,957
$221.0K
Cap Rate 9%
$171,856
$171.9K
Market Conditions
NOI Build-Up for 1,928 SF
Gross rent
$30.1K $15.60/SF
− Vacancy
−$2.0K −$1.01/SF
EGI
$28.1K $14.59/SF
− OpEx
−$12.7K −$6.56/SF
NOI
$15.5K $8.02/SF
Area
Spokane Valley, WA
Vacancy
6.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$309,340
Cap Rate 7%
$220,957
Cap Rate 9%
$171,856
Alternative Uses
Best Use
Apartment 5plus
$221.0K
$193.3K – $257.8K
NOI $15,467 @ 7.0% cap · market cap 3.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$418.8K
$366.5K – $488.6K
NOI $29,318 @ 7.0% cap · market cap 6.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
162
Businesses Nearby
Explore this area
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
$336,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Residential income properties in Spokane Valley, WA
Properties on Market for Residential income properties in Spokane Valley
Frequently Asked Questions
What type of property is this?
Residential income property - Residential income property with finished daylight space, fireplace features, and paved RV access.
Where is this residential income property located?
The property is located at 13414/ 16 26TH Spokane Valley, WA.
What is the asking price?
The asking price for this property is $464,900.
What are key features of this property?
This property features: 1,928‑square‑foot residential income property; Built in 1972; RES zoning
