Single-Story Two-Unit
For Sale
$295,000
2422 W Sinto Ave, Spokane, WA 99201
Two residences share one parcel with RV parking, newer roofing, vinyl windows, appliances, electrical heating, and gas stoves.
Property Size1,260 SF
Price / SF$234.13
Days on Market53
Property Features for 2422 W Sinto Ave
General Information
Standard status
Active
Size
1,260 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1950
Buildings
2
Listing Agency:
Source Real Estate
Listed By:
Vitaliy Tanchin · License #128206
(509) 842-6708
Source:
Clemensregroup
Added: Aug 24
Changed: Oct 8
Last Checked: Oct 13 at 12:02AM
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 Source Real Estate
Investment Insights
Based on property information with market context.
This 1,260-square-foot duplex contains two single-story residences, each with 2 bedrooms and 1 bathroom. The homes are situated on one lot and include RV parking. Property improvements include newer roofing, vinyl windows, appliances, electrical heating, and a gas stove in each residence. Built in 1950, the property also offers the potential for lot subdivision as described in the property information.
The address is approximately 5 minutes from Downtown Spokane and 2 minutes from the Spokane River. Churches, schools, parks, shopping, and entertainment are located within minutes of the property.
The address is approximately 5 minutes from Downtown Spokane and 2 minutes from the Spokane River. Churches, schools, parks, shopping, and entertainment are located within minutes of the property.
Key Highlights
- 1,260‑square‑foot duplex with two residences on one lot
- Each residence has 2 bedrooms and 1 bathroom
- Both homes are single‑story and measure over 600 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,414
Cap Rate
4.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$288,280
$288.3K
Cap Rate 7%
$205,914
$205.9K
Cap Rate 9%
$160,156
$160.2K
Market Conditions
NOI Build-Up for 1,260 SF
Gross rent
$21.9K $17.40/SF
− Vacancy
−$1.3K −$1.06/SF
EGI
$20.6K $16.34/SF
− OpEx
−$6.2K −$4.90/SF
NOI
$14.4K $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%
$288,280
Cap Rate 7%
$205,914
Cap Rate 9%
$160,156
Alternative Uses
Best Use
Multifamily LT 5
$205.9K
$180.2K – $240.2K
NOI $14,414 @ 7.0% cap · market cap 4.89%
Second Best
Apartment 5plus
$179.0K
$156.7K – $208.9K
NOI $12,532 @ 7.0% cap · market cap 4.25%
Theoretical Best
Office A
$325.1K
$284.5K – $379.3K
NOI $22,756 @ 7.0% cap · market cap 7.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
384
Businesses Nearby
Explore this area
Business Placement
Demographics for 99201, WA
15,716
Population
8,842
Households
1.8
Avg Household Size
39
Median Age
34%
College-Educated
91%
High-School Grad
3.0 sq mi
ZIP Area
5,239
Density / Sq Mi
$35,286
Median Household Income
$36,599
Median Earnings
$883
Median Rent
$259,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences share one parcel with RV parking, newer roofing, vinyl windows, appliances, electrical heating, and gas stoves.
Where is this duplex located?
The property is located at 2422 W Sinto Ave Spokane, WA.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 1,260‑square‑foot duplex with two residences on one lot; Each residence has 2 bedrooms and 1 bathroom; Both homes are single‑story and measure over 600 square feet
