316 N Silver Lake Ave, Medical Lake, WA 99022
MULTI_FAMILY - Medical Lake, WA
- Added:
- May 8, 2026
- Days on Market:
- 49
- Last Refresh:
- Jun 25 at 9:06 am
Property Features for 316 N Silver Lake Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bathroom 1, Bedroom 2, Bedroom 6, Bedroom 5, Bedroom 1, Bathroom 2, Bedroom 3
- Parking features
- Offsite
- Window features
- Vinyl Frames
- Interior features
- Hot Water
- Basement
- Crawl Space
- Appliances
- Free-Standing Range, Dishwasher, Refrigerator
- Standard status
- Active
- Size
- 2,240 SF
- Lot size
- 0.29 Acres
Utilities
- Heating system
- Electric (Heating), Natural Gas, Forced Air
Building Details
- Year built
- 1971
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Siding
- Roof type
- Composition
Listing agent Wendy Armes (360) 339-5093
Listing office eXp Realty, LLC 601 W 1st Ave Ste 1400, Seattle, WA (888) 317-5197
Listing date May 8, 2026
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.
HighLights
- Strong investment opportunity with consistent rental demand.
- Each unit has a spacious 3‑bedroom, 1‑bath floor plan (approx. 1,120 sq ft).
- Conveniently located near Spokane International Airport, Eastern Washington University, Fairchild Air Force Base, and Amazon facilities.
- Off‑street parking available for tenants.
- Proximity to outdoor recreation: lakes, hiking, boating, and fishing.
- Low‑maintenance living.
Overview
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.4k | $17.16 |
| − Vacancy | −$2.9k | −$1.30 |
| EGI | $35.5k | $15.86 |
| − OpEx | −$10.7k | −$4.76 |
| NOI | $24.9k | $11.10 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Medical Lake
- County
- Spokane
- State
- Washington
- Longitude
- -117.66698
- Latitude
- 47.575219
