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For sale
Duplexes
WA
Spokane
99207
3024 North Hogan Street

Spokane Duplex and Storage Units

3024 North Hogan Street Spokane, WA 99207

3024 North Hogan Street, Spokane, WA, 99207

$425,000

For Sale

$425,000

Duplex with storage units, rental upside, diverse income streams.

Property Size3,438 SF

Price / SF$123.62

AddedFeb 9

Days on Market157

Last RefreshJul 15 at 2:18 pm

Property Features for 3024 North Hogan Street

General Information

Standard status: Active
Size: 3,438 SF
Property subtype: MultiFamily / Multi Family

Building Details

Year Built: 2004

Listing office SVN Cornerstone Commercial

Listing date Feb 9, 2026

Source Compass

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 SVN Cornerstone Commercial

Investment Insights

Based on property information with market context.

The Hogan Duplex and Storage Units are located at 3024 N Hogan St in Spokane. The property consists of two 2-bedroom, 1-bathroom units in the duplex, along with 2 storage units on the same lot. The property is situated in a desirable Spokane location with access to employment, schools, and amenities, supporting consistent rental demand and long-term stability. A new roof was installed in 2022, and the heaters have been updated, helping to reduce near-term capital expenditures and improve operational stability. There is an opportunity for residential financing with lower down payment options and favorable loan terms. Current rents are below market, with the ability to increase to approximately $1,350, providing immediate income growth potential. The duplex units, combined with additional storage units, provide multiple sources of income and reduced vacancy risk. The property size is 3,438 square feet.

Key Highlights

Opportunity for residential financing with lower down payment options and favorable loan terms.
Rental upside: current rents are below market with the ability to increase to approximately $1,350.
Diverse income streams from the duplex and storage units.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$66.4k	$19.32
− Vacancy	−$4.3k	−$1.24
EGI	$62.2k	$18.08
− OpEx	−$28.0k	−$8.14
NOI	$34.2k	$9.95

3,438 SF · lease $19.32/SF/yr · vacancy 6.40% · expense 45.00%

Alternative Uses

Best Use

Multifamily LT 5

$561.8K

$491.6K – $655.5K (±1% cap)

NOI $39,329 @ 7.0% cap · market cap 9.25%

Second Best

Apartment 5plus

$488.5K

$427.4K – $569.9K (±1% cap)

NOI $34,194 @ 7.0% cap · market cap 8.05%

Theoretical Best

Office A

$887.0K

$776.1K – $1.03M (±1% cap)

NOI $62,090 @ 7.0% cap · market cap 14.61%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

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For sale
Duplexes
WA
Spokane
99207
3024 North Hogan Street

What type of property is this?

Duplex - Duplex with storage units, rental upside, diverse income streams.

Where is this duplex located?

The property is located at 3024 North Hogan Street Spokane, WA.

What is the asking price?

The asking price for this property is $425,000.

What are key features of this property?

This property features: Opportunity for residential financing with lower down payment options and favorable loan terms.; Rental upside: current rents are below market with the ability to increase to approximately $1,350.; Diverse income streams from the duplex and storage units.