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    Well-Maintained Duplex on Large Lot Title is generated by Realmo AI

    4806 N Drury Rd, Otis Orchards, WA 99027

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    For Sale
    $459,900

    MULTI_FAMILY - Ranch - Otis Orchards, WA

    Type:Single Family Residence
    Property size:
    3,992 SF
    Lot size:
    0.25 Acres
    Price / SF:
    $115/SF
    Added:
    May 8, 2026
    Days on Market:
    1
    Last Refresh:
    May 8 at 10:06 pm

    Property Features for 4806 N Drury Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bathroom 2, Bedroom 4, Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 1, Basement
    Parking features
    Offsite
    Window features
    Vinyl Frames
    Interior features
    Hot Water
    Basement
    Partially Finished, Full
    Appliances
    Free-Standing Range, Dishwasher, Refrigerator, Washer, Dryer
    Standard status
    Active
    APN
    56344.9166
    Size
    3,992 SF
    Lot size
    0.25 Acres

    Taxes and HOA fees

    Tax Annual Amount
    4224

    Utilities

    Heating system
    Baseboard, Natural Gas, Electric (Heating)

    Building Details

    Year built
    1978
    Floors in Building
    1
    Number of units
    2
    Building materials
    Fiber Cement
    Roof type
    Composition
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Jay Paulson
    Jay Paulson

    Listing agent Jay Paulson License #121338

    Listing office John L Scott, Inc. 1500 W 4TH AVE STE 202, Spokane, WA

    Listing date May 8, 2026

    MLS# 202617011 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

    • Spacious duplex with approximately 1,996 sq ft per side on a large 1/4 acre lot.
    • Each unit has separate fenced backyards, sheds, and keyless entry.
    • Durable Hardie cement siding installed in 2022 and roof replaced in 2018.
    • Includes appliances: Free‑Standing Range, Dishwasher, Refrigerator, Washer, and Dryer in both units.
    • North unit has 2 bedrooms plus an unfinished basement ready for 2 more rooms; South unit features an updated kitchen and bath.
    • Located near Harvard Rd Trailhead and the new North Liberty Lake River District.

    Overview

    This well-maintained Valley duplex is situated on a spacious 0.25-acre lot. Each side of the duplex offers approximately 1,996 square feet of living space. The property includes separate fenced backyards, sheds, and keyless entry for each unit. The roof was replaced in 2018, and new Hardie cement siding was installed in 2022, enhancing the building's durability. The north unit features two bedrooms and an unfinished basement that is ready for two additional rooms. The south unit has an updated kitchen and bath, a large main-floor bedroom, and a basement bedroom. Both units include a washer and dryer. Additional features include vinyl windows, a designated parking area, and a one-car garage. The property is located just two miles from the Harvard Rd Trailhead and the new North Liberty Lake River District. This duplex is suitable for investors or owner-occupants and has been consistently rented since 2019.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Pharmacy Auto Parts Store Kitchen & Bath Showroom Storage Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Otis Orchards
    County
    Spokane
    State
    Washington
    Longitude
    -117.092851
    Latitude
    47.700496

    FAQs

    What type of property is this?
    Duplex - Valley duplex with separate fenced yards, ideal for investors.
    Where is this duplex located?
    The property is located at 4806 N Drury Rd Otis Orchards, WA.
    What is the asking price?
    The asking price for this property is $459,900.
    What are key features of this property?
    This property features: Spacious duplex with approximately 1,996 sq ft per side on a large 1/4 acre lot.; Each unit has separate fenced backyards, sheds, and keyless entry.; Durable Hardie cement siding installed in 2022 and roof replaced in 2018.
    (509) 455-8600
    We can help!
    Listing Contact
    Jay Paulson
    Jay Paulson
    Real Estate License ID: 121338
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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