228/230 W PRICE Ave Spokane, WA 99218
Investment opportunity with immediate cash flow and consistent rental income.
- Added:
- May 24, 2026
- Days on Market:
- 50
- Last Refresh:
- Jul 4 at 3:06 am
Property Features for 228/230 W PRICE Ave
General Information
- Standard status
- Active
- Size
- 3,200 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1967
Listing office Urban Settlements
Listing date May 24, 2026
Source Clearwaterproperties
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 Urban Settlements
Investment Insights
Based on property information with market context.
Key Highlights
- Fully rented duplex providing immediate cash flow.
- Strong 8% capitalization rate.
- Consistent rental income for portfolio diversification.
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 | $55.7k | $17.40 |
| − Vacancy | −$3.4k | −$1.06 |
| EGI | $52.3k | $16.34 |
| − OpEx | −$15.7k | −$4.90 |
| NOI | $36.6k | $11.44 |
