Duplex with Attached
308 S Woodlawn Ln, Spokane Valley, WA 99216
For Sale
$640,000
Completed in 2023, the property contains two matching homes with open-concept main floors and in-unit laundry.
Property Size2,910 SF
Price / SF$219.93
Days on Market352
Property Features for 308 S Woodlawn Ln
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Amenities
in-unit laundry
stainless steel appliances
Pantry
Building Details
Year Built
Stories
Units
Listing Agency:
Avalon 24 Real Estate
(208) 215-2044
Listed By:
Zac Scott
(509) 868-5244
Source:
Ericksrealty
Added: Nov 21, 2025
Changed: Nov 6
Last Checked: Nov 6 at 2:47PM
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 Avalon 24 Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2023, this duplex totals 2,910 square feet across two matching units. Each residence has 3 bedrooms, 2.5 bathrooms, an open-concept main level, luxury vinyl plank flooring, stainless steel appliances, in-unit laundry, and an attached garage.
The property is in Spokane Valley near schools, shopping, and freeway access.
The property is in Spokane Valley near schools, shopping, and freeway access.
Key Highlights
- Two‑unit duplex built in 2023 with 2,910 square feet combined
- Each unit has 3 bedrooms and 2.5 bathrooms
- Both homes include an attached garage and in‑unit laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,229
Cap Rate
3.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$504,580
$504.6K
Cap Rate 7%
$360,414
$360.4K
Cap Rate 9%
$280,322
$280.3K
Market Conditions
NOI Build-Up for 2,910 SF
Gross rent
$38.4K $13.20/SF
− Vacancy
−$2.4K −$0.81/SF
EGI
$36.0K $12.39/SF
− OpEx
−$10.8K −$3.72/SF
NOI
$25.2K $8.67/SF
Area
Spokane Valley, WA
Vacancy
6.17%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$504,580
Cap Rate 7%
$360,414
Cap Rate 9%
$280,322
Alternative Uses
Best Use
Multifamily LT 5
$360.4K
$315.4K – $420.5K
NOI $25,229 @ 7.0% cap · market cap 3.94%
Second Best
Apartment 5plus
$333.5K
$291.8K – $389.1K
NOI $23,345 @ 7.0% cap · market cap 3.65%
Theoretical Best
Office A
$632.2K
$553.1K – $737.5K
NOI $44,251 @ 7.0% cap · market cap 6.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
308
Businesses Nearby
Explore this area
Business Placement
Demographics for 99216, WA
28,379
Population
12,703
Households
2.2
Avg Household Size
37
Median Age
22%
College-Educated
95%
High-School Grad
14.2 sq mi
ZIP Area
1,999
Density / Sq Mi
$69,958
Median Household Income
$40,652
Median Earnings
$1,307
Median Rent
$336,700
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Spokane Valley, WA
Properties on Market for Duplexes in Spokane Valley
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Completed in 2023, the property contains two matching homes with open-concept main floors and in-unit laundry.
Where is this duplex located?
The property is located at 308 S Woodlawn Ln Spokane Valley, WA.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: Two‑unit duplex built in 2023 with 2,910 square feet combined; Each unit has 3 bedrooms and 2.5 bathrooms; Both homes include an attached garage and in‑unit laundry
