Single-Level Duplex
1704 Bessie, Spokane Valley, WA 99212
For Sale
New
$700,000
One-year leases place tenant selection, day-to-day management, and repair costs with the leasing company.
Property Size2,504 SF
Price / SF$279.55
Days on Market7
Property Features for 1704 Bessie
General Information
Standard status
Size
Property subtype
Additional Details
Tenant in Place
Amenities
vaulted ceilings
expansive windows
stylish cabinetry
sleek surfaces
stainless steel appliances
eating bars
electric fireplaces
private bath
walk-in closet
professional landscaping
fenced private yards
patios
Garage: Attached, Garage Door Opener, Off Site
Garage Spaces: 2
Style: Ranch
Ranch
Attached, Garage Door Opener, Off Site
2
Building Details
Year Built
Listing Agency:
Coldwell Banker Tomlinson
Listed By:
Shane Delaney · License #25363
(509) 879-2683
Source:
Clearwaterproperties
Added: Nov 1
Changed: Nov 7
Last Checked: Nov 7 at 3:31PM
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
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Investment Insights
Based on property information with market context.
Built in 2012, this 2,504-square-foot duplex has one-level, step-free units with vaulted ceilings, broad windows, stainless steel appliances, eating bars, and electric fireplaces. Each primary suite includes a private bathroom and walk-in closet. Fenced yards, patios, and professionally maintained landscaping serve the units outdoors.
Both units are leased on one-year terms. The leasing company selects and manages tenants and pays property operating expenses and repair costs, including utilities and major work. The owner remains responsible for property taxes and insurance.
Both units are leased on one-year terms. The leasing company selects and manages tenants and pays property operating expenses and repair costs, including utilities and major work. The owner remains responsible for property taxes and insurance.
Key Highlights
- 2,504‑square‑foot duplex built in 2012
- One‑level, step‑free units with vaulted ceilings and electric fireplaces
- Primary suites include private bathrooms and walk‑in closets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,709
Cap Rate
3.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$434,180
$434.2K
Cap Rate 7%
$310,129
$310.1K
Cap Rate 9%
$241,211
$241.2K
Market Conditions
NOI Build-Up for 2,504 SF
Gross rent
$33.1K $13.20/SF
− Vacancy
−$2.0K −$0.81/SF
EGI
$31.0K $12.39/SF
− OpEx
−$9.3K −$3.72/SF
NOI
$21.7K $8.67/SF
Area
Spokane Valley, WA
Vacancy
6.17%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$434,180
Cap Rate 7%
$310,129
Cap Rate 9%
$241,211
Alternative Uses
Best Use
Multifamily LT 5
$310.1K
$271.4K – $361.8K
NOI $21,709 @ 7.0% cap · market cap 3.10%
Second Best
Apartment 5plus
$287.0K
$251.1K – $334.8K
NOI $20,088 @ 7.0% cap · market cap 2.87%
Theoretical Best
Office A
$544.0K
$476.0K – $634.6K
NOI $38,077 @ 7.0% cap · market cap 5.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
1,265
Businesses Nearby
Explore this area
Business Placement
Demographics for 99212, WA
21,672
Population
9,496
Households
2.3
Avg Household Size
41
Median Age
27%
College-Educated
93%
High-School Grad
12.3 sq mi
ZIP Area
1,762
Density / Sq Mi
$66,250
Median Household Income
$39,829
Median Earnings
$1,184
Median Rent
$314,300
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Spokane Valley, WA
Properties on Market for Duplexes in Spokane Valley
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - One-year leases place tenant selection, day-to-day management, and repair costs with the leasing company.
Where is this duplex located?
The property is located at 1704 Bessie Spokane Valley, WA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 2,504‑square‑foot duplex built in 2012; One‑level, step‑free units with vaulted ceilings and electric fireplaces; Primary suites include private bathrooms and walk‑in closets
