Duplex with Attached
3921 Johnson, Spokane Valley, WA 99206
For Sale
New
$549,500
One residence has a private deck, pellet fireplace, and three-bedroom layout; the other unit is occupied.
Property Size3,170 SF
Price / SF$173.34
Days on Market2
Property Features for 3921 Johnson
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
Garage: Attached, Underground, Shared Driveway
Garage Spaces: 2
Style: Other
Other
Attached, Underground, Shared Driveway
2
Building Details
Year Built
Buildings
Listing Agency:
REAL Broker LLC
Listed By:
Riley Price · License #128051
(855) 450-0442
Source:
Clearwaterproperties
Added: Nov 8
Last Checked: Nov 8 at 5:56PM
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 REAL Broker LLC
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.
This duplex contains 3,170 square feet and was built in 1978. The owner-occupied residence has three bedrooms, two full bathrooms, a pellet fireplace, an attached garage, and a private back deck. The second unit is occupied and has two recently updated bathrooms.
The property occupies a corner lot and offers parking. Its two-unit configuration includes distinct residential spaces, with a garage and deck serving the owner-occupied residence.
The property occupies a corner lot and offers parking. Its two-unit configuration includes distinct residential spaces, with a garage and deck serving the owner-occupied residence.
Key Highlights
- 3,170‑square‑foot duplex built in 1978
- Owner‑occupied unit has 3 bedrooms and 2 full bathrooms
- Pellet fireplace, attached garage, and private back deck in the owner‑occupied unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,484
Cap Rate
5.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$549,680
$549.7K
Cap Rate 7%
$392,629
$392.6K
Cap Rate 9%
$305,378
$305.4K
Market Conditions
NOI Build-Up for 3,170 SF
Gross rent
$41.8K $13.20/SF
− Vacancy
−$2.6K −$0.81/SF
EGI
$39.3K $12.39/SF
− OpEx
−$11.8K −$3.72/SF
NOI
$27.5K $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%
$549,680
Cap Rate 7%
$392,629
Cap Rate 9%
$305,378
Alternative Uses
Best Use
Multifamily LT 5
$392.6K
$343.6K – $458.1K
NOI $27,484 @ 7.0% cap · market cap 5.00%
Second Best
Apartment 5plus
$363.3K
$317.9K – $423.9K
NOI $25,431 @ 7.0% cap · market cap 4.63%
Theoretical Best
Office A
$688.6K
$602.6K – $803.4K
NOI $48,204 @ 7.0% cap · market cap 8.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
111
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
$362,100
Median Home Value
Market
Average Price Trend$/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 - One residence has a private deck, pellet fireplace, and three-bedroom layout; the other unit is occupied.
Where is this duplex located?
The property is located at 3921 Johnson Spokane Valley, WA.
What is the asking price?
The asking price for this property is $549,500.
What are key features of this property?
This property features: 3,170‑square‑foot duplex built in 1978; Owner‑occupied unit has 3 bedrooms and 2 full bathrooms; Pellet fireplace, attached garage, and private back deck in the owner‑occupied unit
