New Duplex Near University
420 E Euclid Ave, Spokane, WA 99207
New
MULTI_FAMILY - Other - Spokane, WA
Property size:
3,000 SFLot size:
0.16 AcresPrice / SF:
$223/SF- Added:
- Jun 1, 2026
- Days on Market:
- 1
- Last Refresh:
- Jun 1 at 2:06 pm
Property Features for 420 E Euclid Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Bedrooms
- 6
- Bathrooms
- 6
- Rooms
- Bedroom 6, Bedroom 5, Bedroom 1, Bedroom 3, Bathroom 6, Bedroom 4, Bathroom 5, Bedroom 2, Bathroom 2, Bathroom 3, Bathroom 1, Bathroom 4
- Parking
- 6
- Parking features
- Alley, Underground/Basement, Open
- Window features
- Vinyl Frames
- Patio and Porch features
- Patio
- Basement
- Crawl Space
- Appliances
- Free-Standing Range, Dishwasher, Refrigerator, Microwave, Hard Surface Counters
- Standard status
- Active
- APN
- 35082.0502
- Size
- 3,000 SF
- Lot size
- 0.16 Acres
Utilities
- Heating system
- Ductless (Heating), Heat Pump (Heating), Forced Air
- Cooling system
- Ductless
Building Details
- Year built
- 2026
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Masonite, Shake Siding
- Roof type
- Composition
- Architectural style
- Other
Listing agent Nick Grishko License #95551 (509) 489-7000
Listing office Kelly Right Real Estate of Spokane 140 S ARTHUR ST STE 600, Spokane, WA (509) 489-7000
Listing date Jun 1, 2026
MLS# 202618406
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.
HighLights
- Brand‑new duplex in a high‑demand area, conveniently located near the University District, SCC, and downtown.
- Ideal for investors or house‑hacking: live in one unit and rent the other.
- Each unit features 3 bedrooms, 2.5 baths, and 1,388 sq/ft of living space.
- Includes private fenced backyards, individual garages, and additional parking.
- Modern kitchens feature quartz surfaces and stainless steel appliances.
- Enjoy a primary suite with walk‑in closet and double‑sink bath in each unit.
Overview
This new duplex presents a rare investment opportunity, situated minutes from the University District, Spokane Community College (SCC), and downtown Spokane's shopping and dining options. The property is suitable for investors or those seeking a house-hacking opportunity, allowing owners to live in one unit while renting out the other. Each unit features its own garage, a large driveway, additional rear parking, and a private fenced backyard with gated access. The spacious units, each measuring 1,388 square feet (2,766 square feet total), include 3 bedrooms and 2.5 baths. The interior design blends contemporary and traditional styles. The main level features a great room that connects the living area to a kitchen equipped with quartz surfaces, ample cabinetry, and stainless steel appliances. Upstairs, there is a large primary suite with a walk-in closet and a double-sink bath, along with two guest bedrooms, a full guest bathroom, and a laundry closet. The property is located on a lot that is 0.1608 acres.
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 | $52.2k | $17.40 |
| − Vacancy | −$3.2k | −$1.06 |
| EGI | $49.0k | $16.34 |
| − OpEx | −$14.7k | −$4.90 |
| NOI | $34.3k | $11.44 |
3,000 SF · lease $17.40/SF/yr · vacancy 6.08% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$490.3K
$429.0K – $572.0K
NOI $34,318 @ 7.0% cap · market cap 5.12%
Second Best
Apartment 5plus
$426.3K
$373.0K – $497.3K
NOI $29,838 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$774.0K
$677.3K – $903.0K
NOI $54,180 @ 7.0% cap · market cap 8.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Spokane
- County
- Spokane
- State
- Washington
- Longitude
- -117.403922
- Latitude
- 47.686058
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - New construction duplex, ideal for investors or owner-occupants.
Where is this duplex located?
The property is located at 420 E Euclid Ave Spokane, WA.
What is the asking price?
The asking price for this property is $669,950.
What are key features of this property?
This property features: Brand‑new duplex in a high‑demand area, conveniently located near the University District, SCC, and downtown.; Ideal for investors or house‑hacking: live in one unit and rent the other.; Each unit features 3 bedrooms, 2.5 baths, and 1,388 sq/ft of living space.
