Duplex with Oversized
6027 N Smith St, Spokane, WA 99208
For Sale
$659,900
Each residence offers three bedrooms, an open living area, and a covered back patio.
Property Size3,080 SF
Price / SF$214.25
Days on Market41
Property Features for 6027 N Smith St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Amenities
High Speed Internet
Building Details
Building Size
Year Built
Units
Listing Agency:
Kelly Right Real Estate of Spokane
(509) 489-7000
Listed By:
Jared Urbick · License WA #24022549
(509) 262-4178
Source:
Ericksrealty
Added: Oct 1
Changed: Nov 7
Last Checked: Nov 9 at 3:25AM
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 Kelly Right Real Estate of Spokane
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Investment Insights
Based on property information with market context.
Built in 2023, this duplex contains two residences, each with 1,540 square feet of living space. Both units have three bedrooms and 2.5 baths, with an open-plan living and kitchen area, LVP flooring, granite countertops, ample cabinetry, and stainless steel appliances. A half bath and coat closet sit near the entry, while the upper level includes a primary suite with a walk-in closet and double-sink vanity, two additional bedrooms, a full bath, and a laundry closet. Each home also has a covered rear patio and an oversized garage.
The property is at 6027 N Smith St in Spokane, near dining and grocery options.
The property is at 6027 N Smith St in Spokane, near dining and grocery options.
Key Highlights
- Two units, each with 1,540 square feet of living space
- Built in 2023
- Each unit has 3 bedrooms and 2.5 baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,234
Cap Rate
5.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$704,680
$704.7K
Cap Rate 7%
$503,343
$503.3K
Cap Rate 9%
$391,489
$391.5K
Market Conditions
NOI Build-Up for 3,080 SF
Gross rent
$53.6K $17.40/SF
− Vacancy
−$3.3K −$1.06/SF
EGI
$50.3K $16.34/SF
− OpEx
−$15.1K −$4.90/SF
NOI
$35.2K $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%
$704,680
Cap Rate 7%
$503,343
Cap Rate 9%
$391,489
Alternative Uses
Best Use
Multifamily LT 5
$503.3K
$440.4K – $587.2K
NOI $35,234 @ 7.0% cap · market cap 5.34%
Second Best
Apartment 5plus
$437.6K
$382.9K – $510.6K
NOI $30,633 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$794.6K
$695.3K – $927.1K
NOI $55,625 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
277
Businesses Nearby
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Business Placement
Demographics for 99208, WA
58,531
Population
24,273
Households
2.4
Avg Household Size
39
Median Age
34%
College-Educated
95%
High-School Grad
48.7 sq mi
ZIP Area
1,202
Density / Sq Mi
$81,084
Median Household Income
$45,733
Median Earnings
$1,226
Median Rent
$414,000
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Spokane, WA
Properties on Market for Duplexes in Spokane
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers three bedrooms, an open living area, and a covered back patio.
Where is this duplex located?
The property is located at 6027 N Smith St Spokane, WA.
What is the asking price?
The asking price for this property is $659,900.
What are key features of this property?
This property features: Two units, each with 1,540 square feet of living space; Built in 2023; Each unit has 3 bedrooms and 2.5 baths
