2401/2403 E Longfellow Ave Spokane, WA 99207
Own a newer duplex with two similar 3-bedroom layouts, each with private fenced yard access and in-unit laundry.
- Added:
- Jun 19, 2026
- Days on Market:
- 24
- Last Refresh:
- Jun 21 at 2:07 am
Property Features for 2401/2403 E Longfellow Ave
General Information
- Standard status
- Active
- Size
- 3,246 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 2021
Listing office Keller Williams Realty Coeur d
Listing date Jun 19, 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 Keller Williams Realty Coeur d
Investment Insights
Based on property information with market context.
Located at 2401/2403 E Longfellow Ave in Spokane, the property is described as convenient to schools, parks, shopping, dining, and major commuter routes. That combination can support a range of tenant lifestyles and makes day-to-day access practical.
For buyers, the duplex configuration creates flexibility: you can live in one unit and rent the other, or lease both units as residential income properties. With consistent unit layouts and low-maintenance characteristics referenced in the listing, this home may appeal to investors looking for manageable ownership and to owner-occupants seeking to offset housing costs through rental income from a second unit.
Key Highlights
- Newer duplex built in 2021 with attached 2‑car garage spaces
- Two‑unit layout with each side offering 3 bedrooms and 2.5 bathrooms
- Open‑concept floor plans with quartz countertops in both units
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 | $56.5k | $17.40 |
| − Vacancy | −$3.4k | −$1.06 |
| EGI | $53.0k | $16.34 |
| − OpEx | −$15.9k | −$4.90 |
| NOI | $37.1k | $11.44 |
