Remodeled Two-Triplex
For Sale
$1,050,000
1830 W Maxwell Ave, Spokane, WA 99201
Six renovated residential units arranged across two separate buildings with shared parking and private outdoor areas.
Property Size3,240 SF
Price / SF$324.07
Days on Market88
Property Features for 1830 W Maxwell Ave
General Information
Standard status
Active
Size
3,240 SF
Property subtype
Multi-Family
Additional Details
Cap Rate
6.5%
Multifamily Units
6
Amenities
shared parking lot
private back yard areas
Building Details
Year Built
1977
Buildings
2
Listing Agency:
Opportunities W/ Venture CRE
Listed By:
Lyle Stratton · License #861100172
(360) 718-8787
Source:
Vieweugenerealestate
Added: Jul 26
Changed: Oct 1
Last Checked: Oct 20 at 9:25PM
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 Opportunities W/ Venture CRE
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Investment Insights
Based on property information with market context.
This multifamily offering includes two separate triplex buildings totaling 3,240 square feet across two tax lots. The six residential units have undergone comprehensive remodeling, with roof work included in the renovation scope. The property was built in 1977 and includes private backyard areas associated with the buildings.
A shared parking lot serves both structures, creating a common parking arrangement across the two parcels. The property is located at 1824 and 1830 W Maxwell Ave in Spokane, Washington, and is presented with a 6.5% cap rate. Detailed financial information is available through the seller’s offering materials. Showings require a ratified transaction and are subject to interior inspection.
A shared parking lot serves both structures, creating a common parking arrangement across the two parcels. The property is located at 1824 and 1830 W Maxwell Ave in Spokane, Washington, and is presented with a 6.5% cap rate. Detailed financial information is available through the seller’s offering materials. Showings require a ratified transaction and are subject to interior inspection.
Key Highlights
- Two separate triplex buildings on two tax lots
- Six units with complete remodeling, including the roofs
- 3,240 square feet of total property size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,064
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$741,280
$741.3K
Cap Rate 7%
$529,486
$529.5K
Cap Rate 9%
$411,822
$411.8K
Market Conditions
NOI Build-Up for 3,240 SF
Gross rent
$56.4K $17.40/SF
− Vacancy
−$3.4K −$1.06/SF
EGI
$52.9K $16.34/SF
− OpEx
−$15.9K −$4.90/SF
NOI
$37.1K $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%
$741,280
Cap Rate 7%
$529,486
Cap Rate 9%
$411,822
Alternative Uses
Best Use
Multifamily LT 5
$529.5K
$463.3K – $617.7K
NOI $37,064 @ 7.0% cap · market cap 3.53%
Second Best
Apartment 5plus
$460.4K
$402.8K – $537.1K
NOI $32,225 @ 7.0% cap · market cap 3.07%
Theoretical Best
Office A
$835.9K
$731.4K – $975.2K
NOI $58,514 @ 7.0% cap · market cap 5.57%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
907
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Six renovated residential units arranged across two separate buildings with shared parking and private outdoor areas.
Where is this triplex located?
The property is located at 1830 W Maxwell Ave Spokane, WA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Two separate triplex buildings on two tax lots; Six units with complete remodeling, including the roofs; 3,240 square feet of total property size
