Single-Level
1720 N Bessie Ln, Spokane Valley, WA 99212
For Sale
$625,000
Two one-level residences feature step-free access and private patios.
Property Size2,464 SF
Price / SF$253.65
Days on Market124
Property Features for 1720 N Bessie Ln
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Amenities
High Speed Internet
Pantry
Kitchen Island
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Coldwell Banker Tomlinson
(509) 535-7400
Listed By:
Shane Delaney · License #25363
(509) 879-2683
Source:
Ericksrealty
Added: Jul 9
Changed: Nov 7
Last Checked: Nov 8 at 8:34PM
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 1995, this duplex offers two single-level residences with zero-step access. The interiors feature vaulted ceilings, large windows, luxury vinyl plank flooring, and open kitchens with stainless steel appliances, eating bars, and electric fireplaces. Each residence includes a primary bedroom with a separate three-quarter bath.
Landscaped grounds include lawn areas, vinyl perimeter fencing, and private backyard patios. The property has a strong rental history and is near shopping, dining, medical services, and everyday amenities.
Landscaped grounds include lawn areas, vinyl perimeter fencing, and private backyard patios. The property has a strong rental history and is near shopping, dining, medical services, and everyday amenities.
Key Highlights
- Duplex with two single‑level residences and zero‑step access
- Built in 1995
- Vaulted ceilings, large windows, and luxury vinyl plank flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,363
Cap Rate
3.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$427,260
$427.3K
Cap Rate 7%
$305,186
$305.2K
Cap Rate 9%
$237,367
$237.4K
Market Conditions
NOI Build-Up for 2,464 SF
Gross rent
$32.5K $13.20/SF
− Vacancy
−$2.0K −$0.81/SF
EGI
$30.5K $12.39/SF
− OpEx
−$9.2K −$3.72/SF
NOI
$21.4K $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%
$427,260
Cap Rate 7%
$305,186
Cap Rate 9%
$237,367
Alternative Uses
Best Use
Multifamily LT 5
$305.2K
$267.0K – $356.1K
NOI $21,363 @ 7.0% cap · market cap 3.42%
Second Best
Apartment 5plus
$282.4K
$247.1K – $329.5K
NOI $19,767 @ 7.0% cap · market cap 3.16%
Theoretical Best
Office A
$535.3K
$468.4K – $624.5K
NOI $37,469 @ 7.0% cap · market cap 6.00%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
420
Businesses Nearby
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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
$314,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Two one-level residences feature step-free access and private patios.
Where is this duplex located?
The property is located at 1720 N Bessie Ln Spokane Valley, WA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Duplex with two single‑level residences and zero‑step access; Built in 1995; Vaulted ceilings, large windows, and luxury vinyl plank flooring
