2-Unit Duplex with
2715 N Boeing Rd, Millwood, WA 99206
For Sale
$679,900
Residential Income, Millwood, WA
Property Size3,006 SF
Lot Size0.34 Acres
Price / SF$226.18
Days on Market51
Property Features for 2715 N Boeing Rd
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Interior features
Appliances
Lot features
High school
Elementary school district
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
Architectural style
Buildings
Listing Agency:
Realty One Group Eclipse
Listed By:
Amanda Helm
(509) 327-2238
Added: Sep 25
Changed: Nov 13
Last Checked: Nov 14 at 1:06AM
MLS# 202624927
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.
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Investment Insights
Based on property information with market context.
Built in 2021, this side-by-side duplex contains 3,006 square feet across two matching residences on a 0.34-acre parcel. Each unit has three bedrooms, three bathrooms, a two-car garage, and an open kitchen and living area. A mudroom and laundry access connect each garage to the residence. Natural-gas forced-air heating and central air conditioning serve the units, and the property also has fencing and a sprinkler system.
Both units are currently rented. Included appliances are ranges, dishwashers, refrigerators, washers, and dryers. The lot is in Millwood, Washington, within the West Valley School District.
Both units are currently rented. Included appliances are ranges, dishwashers, refrigerators, washers, and dryers. The lot is in Millwood, Washington, within the West Valley School District.
Key Highlights
- 2021‑built duplex with 3,006 square feet
- Two rented units, each with 3 bedrooms and 3 bathrooms
- Each residence includes a 2‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,364
Cap Rate
4.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$667,280
$667.3K
Cap Rate 7%
$476,629
$476.6K
Cap Rate 9%
$370,711
$370.7K
Market Conditions
NOI Build-Up for 3,006 SF
Gross rent
$51.6K $17.16/SF
− Vacancy
−$3.9K −$1.30/SF
EGI
$47.7K $15.86/SF
− OpEx
−$14.3K −$4.76/SF
NOI
$33.4K $11.10/SF
Area
Spokane County, WA
Vacancy
7.60%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$667,280
Cap Rate 7%
$476,629
Cap Rate 9%
$370,711
Alternative Uses
Best Use
Multifamily LT 5
$476.6K
$417.1K – $556.1K
NOI $33,364 @ 7.0% cap · market cap 4.91%
Second Best
Apartment 5plus
$438.1K
$383.3K – $511.1K
NOI $30,664 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$694.6K
$607.8K – $810.4K
NOI $48,622 @ 7.0% cap · market cap 7.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
614
Businesses Nearby
Explore this area
Business Placement
Demographics for 99206, WA
39,842
Population
17,339
Households
2.3
Avg Household Size
39
Median Age
28%
College-Educated
95%
High-School Grad
23.4 sq mi
ZIP Area
1,703
Density / Sq Mi
$75,538
Median Household Income
$42,018
Median Earnings
$1,174
Median Rent
$362,100
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Spokane County, WA
Properties on Market for Duplexes in Spokane County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are leased and include three bedrooms and three bathrooms.
Where is this duplex located?
The property is located at 2715 N Boeing Rd Millwood, WA.
What is the asking price?
The asking price for this property is $679,900.
What are key features of this property?
This property features: 2021‑built duplex with 3,006 square feet; Two rented units, each with 3 bedrooms and 3 bathrooms; Each residence includes a 2‑car garage
