Duplex with Updated
For Sale
$485,000
4523 Donald, Spokane, WA 99223
The lower residence is vacant for showings or occupancy, and appliances remain with the property.
Property Size2,146 SF
Price / SF$226
Days on Market10
Property Features for 4523 Donald
General Information
Standard status
Active
Size
2,146 SF
Property subtype
Multi Family Home
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,902
Amenities
Garage: Attached, Garage Door Opener, Shared Driveway
Garage Spaces: 1
Style: Contemporary
Contemporary
Attached, Garage Door Opener, Shared Driveway
1
Building Details
Year Built
1979
Buildings
1
Stories
2
Listing Agency:
Coldwell Banker Tomlinson
Listed By:
Ellie McIntyre
(509) 844-4524
Source:
Clearwaterproperties
Added: Sep 28
Changed: Oct 6
Last Checked: Oct 5 at 6:58PM
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 Coldwell Banker Tomlinson
Investment Insights
Based on property information with market context.
This 2,146-square-foot, two-level duplex contains an upper and a lower residence. The lower unit is vacant and available for showings or occupancy. Unit A has an updated bathroom and LVP flooring throughout. Appliances are included, and the property has an attached garage with a door opener and a shared driveway.
The property is next to South Sports Complex and two blocks from the Target shopping center. Built in 1979, the structure has been maintained.
The property is next to South Sports Complex and two blocks from the Target shopping center. Built in 1979, the structure has been maintained.
Key Highlights
- 2,146‑square‑foot duplex with upper and lower residences
- Lower unit is vacant and available for showings or occupancy
- Unit A features an updated bathroom and LVP flooring throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,549
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$490,980
$491.0K
Cap Rate 7%
$350,700
$350.7K
Cap Rate 9%
$272,767
$272.8K
Market Conditions
NOI Build-Up for 2,146 SF
Gross rent
$37.3K $17.40/SF
− Vacancy
−$2.3K −$1.06/SF
EGI
$35.1K $16.34/SF
− OpEx
−$10.5K −$4.90/SF
NOI
$24.5K $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%
$490,980
Cap Rate 7%
$350,700
Cap Rate 9%
$272,767
Alternative Uses
Best Use
Multifamily LT 5
$350.7K
$306.9K – $409.2K
NOI $24,549 @ 7.0% cap · market cap 5.06%
Second Best
Apartment 5plus
$304.9K
$266.8K – $355.7K
NOI $21,344 @ 7.0% cap · market cap 4.40%
Theoretical Best
Office A
$553.7K
$484.5K – $646.0K
NOI $38,757 @ 7.0% cap · market cap 7.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
326
Businesses Nearby
Explore this area
Business Placement
Demographics for 99223, WA
34,201
Population
15,252
Households
2.2
Avg Household Size
41
Median Age
51%
College-Educated
96%
High-School Grad
32.1 sq mi
ZIP Area
1,065
Density / Sq Mi
$91,377
Median Household Income
$53,132
Median Earnings
$1,221
Median Rent
$457,200
Median Home Value
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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?
Duplex - The lower residence is vacant for showings or occupancy, and appliances remain with the property.
Where is this duplex located?
The property is located at 4523 Donald Spokane, WA.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: 2,146‑square‑foot duplex with upper and lower residences; Lower unit is vacant and available for showings or occupancy; Unit A features an updated bathroom and LVP flooring throughout
