Loft-Style Triplex with
For Sale
$384,999
3018 Jackson, Spokane, WA 99207
Three occupied units feature private outdoor areas, shared front lawn, and additional off-street parking.
Property Size1,620 SF
Lot Size0.17 Acres
Price / SF$237.65
Days on Market75
Property Features for 3018 Jackson
General Information
Standard status
Active
Size
1,620 SF
Lot size
0.17 Acres
Property subtype
Multi Family Home
Occupancy
100%
Additional Details
Multifamily Units
3
Amenities
laundry
private back patio
backyard space
shared grassy front yard
carport
storage shed
Garage: Carport
Garage Spaces: 0
Carport
Building Details
Year Built
1978
Listing Agency:
Realty One Group Eclipse
Listed By:
Andrew Lipsker
(509) 327-2238
Source:
Clearwaterproperties
Added: Aug 1
Changed: Oct 13
Last Checked: Oct 12 at 6:13PM
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 Realty One Group Eclipse
Investment Insights
Based on property information with market context.
Built in 1978, this 1,620-square-foot triplex contains three occupied loft-style units. Each residence is arranged with living space, a kitchen, bathroom, and laundry on the main level, while the loft provides a bedroom and walk-in closet. Private rear patios and backyard areas serve the individual units, complemented by a shared grassy front yard.
The property sits one block from the Centennial Trail and the Spokane River, with Gonzaga University and Spokane Community College nearby. Site improvements include a carport, storage shed, and additional off-street parking. Tenants signed new six-month leases in April and May.
The property sits one block from the Centennial Trail and the Spokane River, with Gonzaga University and Spokane Community College nearby. Site improvements include a carport, storage shed, and additional off-street parking. Tenants signed new six-month leases in April and May.
Key Highlights
- Three occupied loft‑style units in a 1,620‑square‑foot triplex
- Each unit includes a main‑floor kitchen, bathroom, laundry, and living area
- Loft bedroom with walk‑in closet in each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,532
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$370,640
$370.6K
Cap Rate 7%
$264,743
$264.7K
Cap Rate 9%
$205,911
$205.9K
Market Conditions
NOI Build-Up for 1,620 SF
Gross rent
$28.2K $17.40/SF
− Vacancy
−$1.7K −$1.06/SF
EGI
$26.5K $16.34/SF
− OpEx
−$7.9K −$4.90/SF
NOI
$18.5K $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%
$370,640
Cap Rate 7%
$264,743
Cap Rate 9%
$205,911
Alternative Uses
Best Use
Multifamily LT 5
$264.7K
$231.7K – $308.9K
NOI $18,532 @ 7.0% cap · market cap 4.81%
Second Best
Apartment 5plus
$230.2K
$201.4K – $268.5K
NOI $16,112 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$418.0K
$365.7K – $487.6K
NOI $29,257 @ 7.0% cap · market cap 7.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
283
Businesses Nearby
Explore this area
Business Placement
Demographics for 99207, WA
32,059
Population
13,673
Households
2.3
Avg Household Size
34
Median Age
17%
College-Educated
91%
High-School Grad
5.2 sq mi
ZIP Area
6,165
Density / Sq Mi
$55,548
Median Household Income
$31,712
Median Earnings
$1,127
Median Rent
$246,800
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?
Triplex - Three occupied units feature private outdoor areas, shared front lawn, and additional off-street parking.
Where is this triplex located?
The property is located at 3018 Jackson Spokane, WA.
What is the asking price?
The asking price for this property is $384,999.
What are key features of this property?
This property features: Three occupied loft‑style units in a 1,620‑square‑foot triplex; Each unit includes a main‑floor kitchen, bathroom, laundry, and living area; Loft bedroom with walk‑in closet in each residence
