Two-Unit Duplex with
310 S Union Rd, Spokane Valley, WA 99206
For Sale
$539,900
Each residence includes four bedrooms, two-and-a-half baths, a garage, and fenced outdoor space.
Property Size3,078 SF
Price / SF$175.41
Days on Market68
Property Features for 310 S Union Rd
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Public Transit
Sprinkler System
Multifamily Units
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Windermere Manito, LLC
(509) 747-1051
Listed By:
Joe Lanet
(509) 216-1253
Source:
Ericksrealty
Added: Sep 3
Changed: Nov 7
Last Checked: Nov 8 at 7:04PM
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 Windermere Manito, LLC
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Investment Insights
Based on property information with market context.
Built in 2010, this duplex contains two residences, each with four bedrooms, two-and-a-half baths, and a 1-car garage. Gas forced-air heat and central A/C serve each side; fenced backyards and a sprinkler system are also part of the property.
Shopping, services, and a bus route are nearby in Spokane Valley.
Shopping, services, and a bus route are nearby in Spokane Valley.
Key Highlights
- Two residences, each with 4 bedrooms and 2.5 baths
- Built in 2010
- A 1‑car garage for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,686
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$533,720
$533.7K
Cap Rate 7%
$381,229
$381.2K
Cap Rate 9%
$296,511
$296.5K
Market Conditions
NOI Build-Up for 3,078 SF
Gross rent
$40.6K $13.20/SF
− Vacancy
−$2.5K −$0.81/SF
EGI
$38.1K $12.39/SF
− OpEx
−$11.4K −$3.72/SF
NOI
$26.7K $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%
$533,720
Cap Rate 7%
$381,229
Cap Rate 9%
$296,511
Alternative Uses
Best Use
Multifamily LT 5
$381.2K
$333.6K – $444.8K
NOI $26,686 @ 7.0% cap · market cap 4.94%
Second Best
Apartment 5plus
$352.8K
$308.7K – $411.6K
NOI $24,693 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$668.6K
$585.1K – $780.1K
NOI $46,805 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
734
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 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 - Each residence includes four bedrooms, two-and-a-half baths, a garage, and fenced outdoor space.
Where is this duplex located?
The property is located at 310 S Union Rd Spokane Valley, WA.
What is the asking price?
The asking price for this property is $539,900.
What are key features of this property?
This property features: Two residences, each with 4 bedrooms and 2.5 baths; Built in 2010; A 1‑car garage for each residence
