Duplex with Private
3921 S Johnson St, Spokane Valley, WA 99206
For Sale
New
$549,500
Residential Income, Spokane Valley, WA
Property Size3,170 SF
Lot Size0.28 Acres
Price / SF$173.34
Days on Market3
Property Features for 3921 S Johnson St
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Window features
Patio and Porch features
Fireplace
Basement
Appliances
Lot features
View
Elementary school
Middle school
High school
Elementary school district
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Amenities
attached garage
private back deck
pellet fireplace
Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
Listing Agency:
REAL Broker LLC
Listed By:
Riley Price · License #128051
(855) 450-0442
Added: Nov 5
Changed: Nov 6
Last Checked: Nov 7 at 8:06AM
MLS# 202626697
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.
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Investment Insights
Based on property information with market context.
Built in 1978, this 3,170-square-foot duplex sits on a 0.28-acre corner lot in Spokane Valley. The owner-occupied residence has three bedrooms, two full bathrooms, a pellet fireplace, an attached garage, and a deck. The second unit is occupied by a tenant and has two bathrooms that have been updated.
The property includes driveway and basement-level parking. Its two-unit configuration combines an owner-occupied residence with a separate tenant-occupied unit.
The property includes driveway and basement-level parking. Its two-unit configuration combines an owner-occupied residence with a separate tenant-occupied unit.
Key Highlights
- 3,170‑square‑foot duplex on a 0.28‑acre corner lot
- Owner‑occupied unit offers 3 bedrooms and 2 full bathrooms
- Tenant‑occupied second unit has 2 updated bathrooms
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
142
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
$362,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - A tenant-occupied second residence complements a home with an attached garage and private outdoor space.
Where is this duplex located?
The property is located at 3921 S Johnson St 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 on a 0.28‑acre corner lot; Owner‑occupied unit offers 3 bedrooms and 2 full bathrooms; Tenant‑occupied second unit has 2 updated bathrooms
