Victorian-Style Duplex with
For Sale
$269,000
481 Wynne, Colville, WA 99114
Victorian-style duplex offering two 2-bedroom, 1-bath units with wood floors, each including a refrigerator and electric range.
Property Size1,688 SF
Price / SF$159.36
Days on Market35
Property Features for 481 Wynne
General Information
Standard status
Active
Size
1,688 SF
Property subtype
Multi Family Home
Additional Details
Multifamily Units
2
Amenities
Garage: Detached, Alley Access
Garage Spaces: 1
Style: Victorian, Traditional
Victorian, Traditional
Detached, Alley Access
1
Building Details
Year Built
1907
Listing Agency:
Windermere North/Deer Park
(509) 599-4475
Listed By:
Sharma Meckelson · License #21013151
Source:
Clearwaterproperties
Added: Jul 17
Changed: Aug 18
Last Checked: Aug 20 at 4:38AM
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 Windermere North/Deer Park
Investment Insights
Based on property information with market context.
Charming Victorian-style duplex with character and practical income potential. The property features two separate units, each with 2 bedrooms and 1 bathroom, along with beautiful wood floors. Each unit also includes a refrigerator and electric range, supporting straightforward move-in readiness. Recent improvements include a new roof and fresh exterior paint.
The duplex is conveniently located near downtown, with easy walking access to shopping, the library, and the park.
This is an owner-occupied opportunity setup: one unit can be lived in while the other unit generates rental income, with a classic duplex configuration and tenant-ready appliances included.
The duplex is conveniently located near downtown, with easy walking access to shopping, the library, and the park.
This is an owner-occupied opportunity setup: one unit can be lived in while the other unit generates rental income, with a classic duplex configuration and tenant-ready appliances included.
Key Highlights
- Victorian‑style duplex built in 1907 with 2 units total
- Each unit has 2 bedrooms and 1 bathroom with wood floors
- Each unit includes a refrigerator and electric range
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,310
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.18%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$386,200
$386.2K
Cap Rate 7%
$275,857
$275.9K
Cap Rate 9%
$214,556
$214.6K
Market Conditions
NOI Build-Up for 1,688 SF
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.
Gross rent
$29.4K $17.40/SF
− Vacancy
−$1.8K −$1.06/SF
EGI
$27.6K $16.34/SF
− OpEx
−$8.3K −$4.90/SF
NOI
$19.3K $11.44/SF
Area
Stevens County, 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$386,200
Cap Rate 7%
$275,857
Cap Rate 9%
$214,556
Alternative Uses
Best Use
Multifamily LT 5
$275.9K
$241.4K – $321.8K
NOI $19,310 @ 7.0% cap · market cap 7.18%
Second Best
Apartment 5plus
$239.8K
$209.9K – $279.8K
NOI $16,789 @ 7.0% cap · market cap 6.24%
Theoretical Best
Office A
$435.5K
$381.1K – $508.1K
NOI $30,485 @ 7.0% cap · market cap 11.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
668
Businesses Nearby
Explore this area
Business Placement
Demographics for 99114, WA
12,649
Population
6,154
Households
2.1
Avg Household Size
49
Median Age
23%
College-Educated
91%
High-School Grad
718.5 sq mi
ZIP Area
18
Density / Sq Mi
$61,891
Median Household Income
$45,164
Median Earnings
$916
Median Rent
$268,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Victorian-style duplex offering two 2-bedroom, 1-bath units with wood floors, each including a refrigerator and electric range.
Where is this duplex located?
The property is located at 481 Wynne Colville, WA.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: Victorian‑style duplex built in 1907 with 2 units total; Each unit has 2 bedrooms and 1 bathroom with wood floors; Each unit includes a refrigerator and electric range
