Spokane Triplex With Detached
2115 W Dean Ave Spokane, WA 99201
2115 W Dean Ave, Spokane, WA, 99201
$320,000
For Sale
$320,000
MULTI_FAMILY - Craftsman - Spokane, WA
Property Size2,311 SF
Lot Size0.11 Acres
Price / SF$138.47
Days on Market49
Property Features for 2115 W Dean Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R1
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bathroom 1, Utility Room, Bedroom 5, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 3, Basement, Laundry Room, Bedroom 4, Bedroom 2
- Parking features
- Alley
- Window features
- Skylight(s)
- Patio and Porch features
- Deck
- Interior features
- Hot Water
- Basement
- Partial, Unfinished
- Appliances
- Free-Standing Range, Refrigerator, Washer, Dryer
- Standard status
- Active
- APN
- 25132.0512
- Size
- 2,311 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3582
Utilities
- Heating system
- Forced Air, Baseboard, Natural Gas
Building Details
- Year built
- 1898
- Floors in Building
- 2
- Number of units
- 3
- Building materials
- Vinyl Siding, Wood Siding
- Roof type
- Composition
- Architectural style
- Craftsman
Listing Agency
eXp Realty, LLC
(888) 317-5197
601 W 1st Ave Ste 1400, Seattle, WA
Listed by
Rachel Moore · License #DB43938
(360) 339-5093
Added: Jun 2 Checked: Jul 20 at 6:06 am
MLS# 202618489
Listing URL
Copyright © 2026 Spokane Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This Spokane triplex is configured for flexible rental income, with the front home containing a 2-bedroom/1-bath unit and a separate 1-bedroom/1-bath unit. A detached third structure is located off the alley and was built in 1984; the interior is currently unfinished, and completion would allow for an additional 2-bedroom/1-bath unit. The property’s improvements include new roofs on both buildings, and the older main home has received updates at an unknown time while maintaining classic craftsman character.
Situated in West Central Spokane, the property is positioned near I-90 and within reach of downtown, Gonzaga, SFCC, WSU Spokane, and the Spokane River. Spokane International Airport is also a short drive away, supporting demand for residential income in the area.
For investors or owner-occupants seeking an income-producing residential property, the existing duplex-style setup can be leased as-is while the unfinished detached structure provides a path to expand the rent base after finish-out. The property’s craftsman design, roof replacements, and multi-unit layout make it a practical candidate for buyers focused on long-term upside. Prospective buyers should verify all projections and the status of the unfinished space and permitting requirements.
Situated in West Central Spokane, the property is positioned near I-90 and within reach of downtown, Gonzaga, SFCC, WSU Spokane, and the Spokane River. Spokane International Airport is also a short drive away, supporting demand for residential income in the area.
For investors or owner-occupants seeking an income-producing residential property, the existing duplex-style setup can be leased as-is while the unfinished detached structure provides a path to expand the rent base after finish-out. The property’s craftsman design, roof replacements, and multi-unit layout make it a practical candidate for buyers focused on long-term upside. Prospective buyers should verify all projections and the status of the unfinished space and permitting requirements.
Key Highlights
- Spokane triplex with two units in the front home: 2 bed/1 bath and 1 bed/1 bath
- Detached third structure off the alley built in 1984, unfinished inside but planned as an additional 2 bed/1 bath unit
- Pro forma gross rents projected at approximately $3,400/month when fully finished and leased (buyer to verify)
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.2k | $17.40 |
| − Vacancy | −$2.4k | −$1.06 |
| EGI | $37.8k | $16.34 |
| − OpEx | −$11.3k | −$4.90 |
| NOI | $26.4k | $11.44 |
2,311 SF · lease $17.40/SF/yr · vacancy 6.08% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$377.7K
$330.5K – $440.6K
NOI $26,437 @ 7.0% cap · market cap 8.26%
Second Best
Apartment 5plus
$328.4K
$287.3K – $383.1K
NOI $22,985 @ 7.0% cap · market cap 7.18%
Theoretical Best
Office A
$596.2K
$521.7K – $695.6K
NOI $41,737 @ 7.0% cap · market cap 13.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Triplex offers multiple 1- and 2-bedroom layouts, including a detached third structure off the alley with finish-out potential.
Where is this triplex located?
The property is located at 2115 W Dean Ave Spokane, WA.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Spokane triplex with two units in the front home: 2 bed/1 bath and 1 bed/1 bath; Detached third structure off the alley built in 1984, unfinished inside but planned as an additional 2 bed/1 bath unit; Pro forma gross rents projected at approximately $3,400/month when fully finished and leased (buyer to verify)
