Updated 4-Unit
33 E DALTON Ave, Spokane, WA 99207
For Sale
$575,000
Four one-bedroom residences include individual electric meters, garage parking, and a shared laundry room.
Property Size2,992 SF
Price / SF$192.18
Days on Market61
Property Features for 33 E DALTON Ave
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Public Transit
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Amenities
wood fireplace
common laundry room
range
fridge
dishwasher
Building Details
Building Size
Year Built
Buildings
Units
Listing Agency:
CENTURY 21 Beutler & Associates
(509) 323-2100
Listed By:
Mae Bailey
(509) 703-9314
Source:
Ericksrealty
Added: Sep 10
Changed: Nov 7
Last Checked: Nov 8 at 4:51PM
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 CENTURY 21 Beutler & Associates
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Investment Insights
Based on property information with market context.
This four-unit residential property contains 2,992 square feet, with one bedroom and one bathroom in each residence. Updates were completed across the units from 2020 through 2024. Each home has a wood-burning fireplace, garage parking, and a range, refrigerator, and dishwasher. Residents also have access to a shared laundry room, and each unit is separately metered for electricity. The building dates to 1957.
The property is at 33 E Dalton Ave in Spokane, near shopping, bus routes, entertainment, and restaurants.
The property is at 33 E Dalton Ave in Spokane, near shopping, bus routes, entertainment, and restaurants.
Key Highlights
- Four units, each with one bedroom and one bathroom
- 2,992 square feet; built in 1957
- Unit updates completed between 2020 and 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,227
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$684,540
$684.5K
Cap Rate 7%
$488,957
$489.0K
Cap Rate 9%
$380,300
$380.3K
Market Conditions
NOI Build-Up for 2,992 SF
Gross rent
$52.1K $17.40/SF
− Vacancy
−$3.2K −$1.06/SF
EGI
$48.9K $16.34/SF
− OpEx
−$14.7K −$4.90/SF
NOI
$34.2K $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%
$684,540
Cap Rate 7%
$488,957
Cap Rate 9%
$380,300
Alternative Uses
Best Use
Multifamily LT 5
$489.0K
$427.8K – $570.5K
NOI $34,227 @ 7.0% cap · market cap 5.95%
Second Best
Apartment 5plus
$425.1K
$372.0K – $496.0K
NOI $29,758 @ 7.0% cap · market cap 5.18%
Theoretical Best
Office A
$771.9K
$675.5K – $900.6K
NOI $54,036 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
439
Businesses Nearby
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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
$246,800
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Spokane, WA
Properties on Market for Quadplexes in Spokane
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four one-bedroom residences include individual electric meters, garage parking, and a shared laundry room.
Where is this quadplex located?
The property is located at 33 E DALTON Ave Spokane, WA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Four units, each with one bedroom and one bathroom; 2,992 square feet; built in 1957; Unit updates completed between 2020 and 2024
