Updated Duplex with Separate
New
For Sale
$399,000
420 W Shannon Ave, Spokane, WA 99205
Residential Income, Spokane, WA
Property Size2,624 SF
Lot Size0.14 Acres
Price / SF$152.06
Days on Market3
Property Features for 420 W Shannon Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2SL
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 3, Bedroom 1, Bathroom 1, Basement, Bedroom 5, Bedroom 2, Bedroom 4
Parking
3
Parking features
Garage, RV, Alley, Offsite
Window features
Wood Frames, Vinyl Frames
Patio and Porch features
Patio, Deck
Interior features
Hot Water, High Speed Internet, Natural Woodwork, In-Law Floorplan
Basement
Full, Unfinished
Appliances
Free-Standing Range, Refrigerator, Washer, Dryer
Subdivision
Fairview Addition
Lot features
Fenced Yard, Level, Fencing
Elementary school
Garfield
Middle school
Yasuhara
High school
North Central
Elementary school district
Spokane Dist 81
Directions
GPS is accurate
Standard status
Active
APN
35074.2916
Size
2,624 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
4131
Utilities
Utilities
Cable Available
Heating system
Electric (Heating), Forced Air, Natural Gas
Cooling system
Wall Unit(s)
Building Details
Year built
1891
Floors in Building
2
Number of units
2
Flooring type
Wood
Building materials
Wood Siding
Roof type
Composition
Architectural style
Craftsman
Additional Structures
Workshop
Listing Agency:
Silvercreek Realty Group
(208) 377-0422
Listed By:
Chad Clelland · License #SP44044
(208) 252-9454
Added: Oct 12
Changed: Oct 13
Last Checked: Oct 14 at 3:06PM
MLS# 202625676
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.
This 2,624-square-foot duplex contains two separately metered residences on a 0.14-acre lot. The upper unit has two bedrooms, one full bathroom, and a kitchen; the main-level unit includes three bedrooms, a bathroom, and backyard access from the primary bedroom. Both units were updated in 2022–23, and the water heaters were replaced during that period. A shared laundry room, unfinished basement, spacious backyard, and detached garage add to the property's layout. The garage is reached from the rear alley.
Built in 1891, the property is zoned R2SL and is 1.5 miles from downtown Spokane, Gonzaga, and Spokane's Sports District.
Built in 1891, the property is zoned R2SL and is 1.5 miles from downtown Spokane, Gonzaga, and Spokane's Sports District.
Key Highlights
- Two‑unit duplex with separate electrical meters
- 2,624 square feet on a 0.14‑acre lot
- Upper unit has 2 bedrooms; main‑level unit has 3 bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,017
Cap Rate
7.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$600,340
$600.3K
Cap Rate 7%
$428,814
$428.8K
Cap Rate 9%
$333,522
$333.5K
Market Conditions
NOI Build-Up for 2,624 SF
Gross rent
$45.7K $17.40/SF
− Vacancy
−$2.8K −$1.06/SF
EGI
$42.9K $16.34/SF
− OpEx
−$12.9K −$4.90/SF
NOI
$30.0K $11.44/SF
Area
Spokane, WA
Vacancy
6.08%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$600,340
Cap Rate 7%
$428,814
Cap Rate 9%
$333,522
Alternative Uses
Best Use
Multifamily LT 5
$428.8K
$375.2K – $500.3K
NOI $30,017 @ 7.0% cap · market cap 7.52%
Second Best
Apartment 5plus
$372.8K
$326.2K – $435.0K
NOI $26,098 @ 7.0% cap · market cap 6.54%
Theoretical Best
Office A
$677.0K
$592.4K – $789.8K
NOI $47,389 @ 7.0% cap · market cap 11.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,558
Businesses Nearby
Explore this area
Business Placement
Demographics for 99205, WA
44,036
Population
18,791
Households
2.3
Avg Household Size
37
Median Age
26%
College-Educated
93%
High-School Grad
9.0 sq mi
ZIP Area
4,893
Density / Sq Mi
$72,547
Median Household Income
$42,148
Median Earnings
$1,250
Median Rent
$286,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer a two-bedroom upper unit and a three-bedroom main-level unit, plus shared laundry and a detached garage.
Where is this duplex located?
The property is located at 420 W Shannon Ave Spokane, WA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two‑unit duplex with separate electrical meters; 2,624 square feet on a 0.14‑acre lot; Upper unit has 2 bedrooms; main‑level unit has 3 bedrooms
