Managed-Lease Duplex
4115 Bowdish, Spokane Valley, WA 99206
For Sale
New
$800,000
The leasing company places and oversees residents and pays property expenses and repair costs, while ownership covers taxes and insurance.
Property Size3,010 SF
Price / SF$265.78
Days on Market7
Property Features for 4115 Bowdish
General Information
Standard status
Size
Property subtype
Additional Details
Tenant in Place
Amenities
vaulted ceilings
expansive windows
stylish cabinetry
sleek surfaces
stainless steel appliances
eating bars
electric fireplaces
private baths
walk-in closets
professional landscaping
fenced private yards
patios
Garage: Attached, Garage Door Opener
Garage Spaces: 2
Style: Ranch
Ranch
Attached, Garage Door Opener
2
Building Details
Year Built
Listing Agency:
Coldwell Banker Tomlinson
Listed By:
Shane Delaney · License #25363
(509) 879-2683
Source:
Clearwaterproperties
Added: Nov 1
Changed: Nov 7
Last Checked: Nov 7 at 12:30PM
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 Coldwell Banker Tomlinson
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Investment Insights
Based on property information with market context.
Built in 2005, this 3,010-square-foot duplex property comprises one-level residences with zero-step entry, vaulted ceilings, large windows, cabinetry, stainless steel appliances, eating bars and electric fireplaces. Each primary suite has a private bathroom and walk-in closet. Fenced yards, patios and professional landscaping serve the units.
The units are leased on one-year terms to a company that selects and manages its tenants. That company pays property-related expenses and repair costs, including utilities and major work; the owner is responsible for property taxes and insurance.
The units are leased on one-year terms to a company that selects and manages its tenants. That company pays property-related expenses and repair costs, including utilities and major work; the owner is responsible for property taxes and insurance.
Key Highlights
- 3,010 square feet across duplex residences
- Built in 2005
- One‑year leases with a company that places and manages tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,096
Cap Rate
3.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$521,920
$521.9K
Cap Rate 7%
$372,800
$372.8K
Cap Rate 9%
$289,956
$290.0K
Market Conditions
NOI Build-Up for 3,010 SF
Gross rent
$39.7K $13.20/SF
− Vacancy
−$2.5K −$0.81/SF
EGI
$37.3K $12.39/SF
− OpEx
−$11.2K −$3.72/SF
NOI
$26.1K $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%
$521,920
Cap Rate 7%
$372,800
Cap Rate 9%
$289,956
Alternative Uses
Best Use
Multifamily LT 5
$372.8K
$326.2K – $434.9K
NOI $26,096 @ 7.0% cap · market cap 3.26%
Second Best
Apartment 5plus
$345.0K
$301.8K – $402.5K
NOI $24,147 @ 7.0% cap · market cap 3.02%
Theoretical Best
Office A
$653.9K
$572.1K – $762.9K
NOI $45,771 @ 7.0% cap · market cap 5.72%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
126
Businesses Nearby
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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
$362,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - The leasing company places and oversees residents and pays property expenses and repair costs, while ownership covers taxes and insurance.
Where is this duplex located?
The property is located at 4115 Bowdish Spokane Valley, WA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 3,010 square feet across duplex residences; Built in 2005; One‑year leases with a company that places and manages tenants
