Fully Rented Duplex
229 / 231 W W KEDLIN Ave Spokane, WA 99218
229 / 231 W W KEDLIN Ave, Spokane, WA, 99218
$525,000
Pending
For Sale
$525,000
Pending
Fully rented duplex marketed with steady rental stability and an approximately 8% cap rate.
Property Size3,200 SF
Days on Market76
Property Features for 229 / 231 W W KEDLIN Ave
General Information
- Standard status
- Pending
- Size
- 3,200 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1968
Listing agency
Urban Settlements
(509) 944-0979
Listed by
Lyndsey Zarn
Source
Clearwaterproperties
Added: May 9 Updated: Jul 22 at 8:53PM Checked: Jul 22 at 8:53PM
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.
This for-sale duplex is offered fully rented and ready to perform, designed for immediate rental income. The property is marketed with a solid 8% cap rate and emphasizes consistent rental stability.
The duplex is located at 229 / 231 W W Kedlin Ave in Spokane, WA, with easy access to shopping, schools, and major commuting routes.
As a two-unit residential income property, it provides an established rental setup at street level addresses, positioned for investors seeking day-one cash flow.
The duplex is located at 229 / 231 W W Kedlin Ave in Spokane, WA, with easy access to shopping, schools, and major commuting routes.
As a two-unit residential income property, it provides an established rental setup at street level addresses, positioned for investors seeking day-one cash flow.
Key Highlights
- Duplex with attached 2‑car garage and ranch style
- Fully rented duplex
- Year built: 1968
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 |
3,200 SF · lease $17.40/SF/yr · vacancy 6.08% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$522.9K
$457.6K – $610.1K
NOI $36,606 @ 7.0% cap · market cap 6.97%
Second Best
Apartment 5plus
$454.7K
$397.8K – $530.5K
NOI $31,827 @ 7.0% cap · market cap 6.06%
Theoretical Best
Office A
$825.6K
$722.4K – $963.2K
NOI $57,792 @ 7.0% cap · market cap 11.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Fully rented duplex marketed with steady rental stability and an approximately 8% cap rate.
Where is this duplex located?
The property is located at 229 / 231 W W KEDLIN Ave Spokane, WA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Duplex with attached 2‑car garage and ranch style; Fully rented duplex; Year built: 1968
