Fully Leased New
3613 E 8th Ave Spokane, WA 99202
New
3613 E 8th Ave, Spokane, WA, 99202
$499,000
For Sale
$499,000
MULTI_FAMILY - Craftsman - Spokane, WA
Property Size1,524 SF
Lot Size0.07 Acres
Price / SF$327.43
Days on Market2
Property Features for 3613 E 8th Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bathroom 3, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1, Laundry Room, Utility Room, Bedroom 3, Bedroom 4
- Parking
- 1817
- Parking features
- Offsite
- Window features
- Vinyl Frames
- Patio and Porch features
- Patio
- Interior features
- High Speed Internet, Smart Thermostat, In-Law Floorplan
- Basement
- Crawl Space
- Appliances
- Range, Dishwasher, Refrigerator, Microwave, Washer, Dryer, Hard Surface Counters
- Standard status
- Active
- APN
- 35224.6402
- Size
- 1,524 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3200
Utilities
- Utilities
- Cable Available
- Heating system
- Electric (Heating), Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 2025
- Floors in Building
- 1
- Number of units
- 2
- Building materials
- Masonite
- Roof type
- Composition
- Architectural style
- Craftsman
Listing Agency
Windermere City Group
(509) 323-2323
1237 W. Summit Pkwy, Spokane, WA
Listed by
Erik Dordal
(509) 323-2323
Added: Jul 17 Checked: Jul 18 at 10:06 pm
MLS# 202621175
Listing URL
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.
Investment Insights
Based on property information with market context.
New construction single-level duplex is offered fully leased. The property includes two distinct units: a front 3 bed/2 bath layout and a rear 1 bed/1 bath unit. The front unit includes a separate den/flex space that the seller notes could be converted into a legal third bedroom. Interior finishes are described as hardboard siding, LVP floors, and quartz countertops, along with central heat and A/C.
Located on a quiet street at the base of the south hill with quick access to shopping, buses, freeway, and downtown. A 2-year builder warranty is included.
As configured, the duplex provides two separate residences within one building, with separate unit layouts matching the front and rear designations described in the listing materials.
Located on a quiet street at the base of the south hill with quick access to shopping, buses, freeway, and downtown. A 2-year builder warranty is included.
As configured, the duplex provides two separate residences within one building, with separate unit layouts matching the front and rear designations described in the listing materials.
Key Highlights
- New construction duplex (2025) in craftsman style with under‑construction status
- Two distinct units: front 3 bed/2 bath (with den/flex space option) and back 1 bed/1 bath
- Central air conditioning and forced‑air/electric heating for year‑round comfort
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 | $26.5k | $17.40 |
| − Vacancy | −$1.6k | −$1.06 |
| EGI | $24.9k | $16.34 |
| − OpEx | −$7.5k | −$4.90 |
| NOI | $17.4k | $11.44 |
1,524 SF · lease $17.40/SF/yr · vacancy 6.08% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$249.1K
$217.9K – $290.6K
NOI $17,434 @ 7.0% cap · market cap 3.49%
Second Best
Apartment 5plus
$216.5K
$189.5K – $252.6K
NOI $15,158 @ 7.0% cap · market cap 3.04%
Theoretical Best
Office A
$393.2K
$344.0K – $458.7K
NOI $27,523 @ 7.0% cap · market cap 5.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - New construction, single-level duplex featuring a 3-bed/2-bath front unit and a 1-bed/1-bath rear unit.
Where is this duplex located?
The property is located at 3613 E 8th Ave Spokane, WA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: New construction duplex (2025) in craftsman style with under‑construction status; Two distinct units: front 3 bed/2 bath (with den/flex space option) and back 1 bed/1 bath; Central air conditioning and forced‑air/electric heating for year‑round comfort
