4-Unit Modern
For Sale
$1,250,000
2001 W 7th Ave, Spokane, WA 99204
Each residence offers a multi-level layout with three bedrooms and two-and-a-half bathrooms.
Property Size5,846 SF
Price / SF$213.82
Days on Market20
Property Features for 2001 W 7th Ave
General Information
Standard status
Active
Size
5,846 SF
Total Parking Spaces
4
Property subtype
Residential Income
Site & Location
Neighborhood
Cliff-Cannon
Units
Unit Mix
4 x 3BR/2.5BA
Multifamily Units
4
Additional Details
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$1,200
Amenities
energy-efficient systems
smart-home technology
modern fixtures
Hot Water
Pantry
Building Details
Building Size
5,846 SF
Year Built
2020
Stories
3
Units
4
Listing Agency:
Rafter Realty, LLC
Listed By:
Jessica Rafter
(509) 842-6939
Source:
Ericksrealty
Added: Oct 5
Changed: Oct 23
Last Checked: Oct 23 at 3:32PM
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 Rafter Realty, LLC
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Investment Insights
Based on property information with market context.
Built in 2020, this Spokane quadplex contains four multi-level residences totaling 5,846 square feet. Each unit has three bedrooms, two-and-a-half bathrooms, an open floor plan, granite countertops, stainless steel appliances, and updated flooring. The property also includes a fire suppression system, energy-efficient systems, and smart-home technology.
Key Highlights
- Four units, each with 3 bedrooms and 2.5 bathrooms
- 5,846 square feet across the property
- Built in 2020
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,875
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,337,500
$1.3M
Cap Rate 7%
$955,357
$955.4K
Cap Rate 9%
$743,056
$743.1K
Market Conditions
NOI Build-Up for 5,846 SF
Gross rent
$101.7K $17.40/SF
− Vacancy
−$6.2K −$1.06/SF
EGI
$95.5K $16.34/SF
− OpEx
−$28.7K −$4.90/SF
NOI
$66.9K $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%
$1,337,500
Cap Rate 7%
$955,357
Cap Rate 9%
$743,056
Alternative Uses
Best Use
Multifamily LT 5
$955.4K
$835.9K – $1.11M
NOI $66,875 @ 7.0% cap · market cap 5.35%
Second Best
Apartment 5plus
$830.6K
$726.8K – $969.1K
NOI $58,144 @ 7.0% cap · market cap 4.65%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,579 @ 7.0% cap · market cap 8.45%
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
Lease Details
4
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
831
Businesses Nearby
Explore this area
Business Placement
Demographics for 99204, WA
7,000
Population
4,357
Households
1.6
Avg Household Size
34
Median Age
37%
College-Educated
93%
High-School Grad
1.0 sq mi
ZIP Area
7,000
Density / Sq Mi
$50,266
Median Household Income
$39,036
Median Earnings
$1,103
Median Rent
$355,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence offers a multi-level layout with three bedrooms and two-and-a-half bathrooms.
Where is this quadplex located?
The property is located at 2001 W 7th Ave Spokane, WA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Four units, each with 3 bedrooms and 2.5 bathrooms; 5,846 square feet across the property; Built in 2020
