Three-Level
New
For Sale
$595,000
518 S Maple St, Spokane, WA 99201
Residential Income, Spokane, WA
Property Size4,125 SF
Lot Size0.30 Acres
Price / SF$144.24
Days on Market3
Property Features for 518 S Maple St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 2, Bathroom 4, Bathroom 1, Bedroom 5, Bedroom 4, Bedroom 7, Bathroom 5, Bedroom 6, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3
Parking
6
Parking features
Offsite
Basement
Full
Elementary school district
Spokane Dist 81
Standard status
Active
APN
252414411
Size
4,125 SF
Lot size
0.30 Acres
Utilities
Heating system
Forced Air
Amenities
gas fireplace
private balcony
fenced courtyard
Building Details
Year built
1911
Floors in Building
3
Number of units
3
Building materials
Brick, Stone
Roof type
Flat
Buildings
1
Listing Agency:
Kelly Right Real Estate of Spokane
Listed By:
Laura Barry
(509) 489-7000
Added: Oct 28
Changed: Oct 30
Last Checked: Oct 30 at 7:06PM
MLS# 202626360
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.
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Investment Insights
Based on property information with market context.
Built in 1911 as a bank, this 4,125-square-foot brick-and-stone property has been adapted as a triplex across three levels. The lower level contains two bedrooms, one bathroom, a kitchen, and a living area; its bedrooms are nonconforming. The main floor has two bedrooms, one and a half bathrooms, a kitchen, and a living area. Upstairs are three bedrooms and one and three-quarter bathrooms, including a primary suite with a gas fireplace and private balcony. Each residence has a separate internal entry, and a fenced courtyard provides outdoor space. The property sits on a 0.3-acre parcel and was most recently operated as an Airbnb.
The building is near the Maple Street exit from I-90 in Spokane. Parking is offsite.
The building is near the Maple Street exit from I-90 in Spokane. Parking is offsite.
Key Highlights
- 4,125‑square‑foot triplex on a 0.3‑acre parcel
- Three levels with separate internal access to each residence
- Lower level: two nonconforming bedrooms, one bathroom, kitchen, and living area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,188
Cap Rate
7.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$943,760
$943.8K
Cap Rate 7%
$674,114
$674.1K
Cap Rate 9%
$524,311
$524.3K
Market Conditions
NOI Build-Up for 4,125 SF
Gross rent
$71.8K $17.40/SF
− Vacancy
−$4.4K −$1.06/SF
EGI
$67.4K $16.34/SF
− OpEx
−$20.2K −$4.90/SF
NOI
$47.2K $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%
$943,760
Cap Rate 7%
$674,114
Cap Rate 9%
$524,311
Alternative Uses
Best Use
Multifamily LT 5
$674.1K
$589.9K – $786.5K
NOI $47,188 @ 7.0% cap · market cap 7.93%
Second Best
Apartment 5plus
$586.1K
$512.8K – $683.8K
NOI $41,027 @ 7.0% cap · market cap 6.90%
Theoretical Best
Office A
$1.06M
$931.2K – $1.24M
NOI $74,498 @ 7.0% cap · market cap 12.52%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,245
Businesses Nearby
Explore this area
Business Placement
Demographics for 99201, WA
15,716
Population
8,842
Households
1.8
Avg Household Size
39
Median Age
34%
College-Educated
91%
High-School Grad
3.0 sq mi
ZIP Area
5,239
Density / Sq Mi
$35,286
Median Household Income
$36,599
Median Earnings
$883
Median Rent
$259,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three separate residences occupy a brick-and-stone building with a fenced courtyard.
Where is this triplex located?
The property is located at 518 S Maple St Spokane, WA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 4,125‑square‑foot triplex on a 0.3‑acre parcel; Three levels with separate internal access to each residence; Lower level: two nonconforming bedrooms, one bathroom, kitchen, and living area
