Spokane Duplex: Investment
6027 N Smith St Spokane, WA 99208
6027 N Smith St, Spokane, WA, 99208
$659,900
For Sale
$659,900
MULTI_FAMILY - Contemporary - Spokane, WA
Property Size3,080 SF
Lot Size0.15 Acres
Price / SF$214.25
Days on Market46
Property Features for 6027 N Smith St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 6
- Rooms
- Bedroom 5, Bathroom 2, Bedroom 3, Bathroom 4, Bedroom 2, Bathroom 6, Bedroom 6, Bathroom 1, Bedroom 1, Bedroom 4, Bathroom 3, Bathroom 5
- Parking
- 6
- Parking features
- Underground/Basement, Open
- Window features
- Vinyl Frames
- Patio and Porch features
- Patio
- Interior features
- High Speed Internet
- Basement
- Crawl Space
- Appliances
- Tankless Water Heater, Free-Standing Range, Dishwasher, Refrigerator, Microwave, Hard Surface Counters
- Standard status
- Active
- APN
- 36331.2803
- Size
- 3,080 SF
- Lot size
- 0.15 Acres
Utilities
- Utilities
- Cable Available
- Heating system
- Forced Air, Heat Pump (Heating), Natural Gas
- Cooling system
- Central Air
Building Details
- Year built
- 2023
- Number of units
- 2
- Building materials
- Masonite
- Roof type
- Composition
- Architectural style
- Contemporary
Listing Agency
Kelly Right Real Estate of Spokane
(509) 489-7000
140 S ARTHUR ST STE 600, Spokane, WA
Listed by
Nick Grishko · License #95551
(509) 489-7000
Added: Jun 1 Checked: Jul 16 at 4:06 pm
MLS# 202618400
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.
Investment Insights
Based on property information with market context.
This rental duplex presents an investment opportunity in a prime location, conveniently situated near dining and grocery options. Each unit features 3 bedrooms and 2.5 baths within 1,540 square feet of living space. The entry of each unit includes a coat closet and a half bath. The units feature LVP flooring. Darker tones throughout add a touch of sophistication. The open-space living area includes a kitchen with ample cabinetry, granite countertops, and stainless steel appliances. Each unit also has covered back patios and oversized garages. Upstairs, the master suite offers a spacious walk-in closet and a bath featuring a double sink vanity with tub. Two additional guest rooms, a full bath, and a laundry closet complete the upper level. The property is located in Spokane, WA 99208, in Spokane County. The lot size is 0.1463 acres. The total property size is 3,080 square feet.
Key Highlights
- Rental duplex built in 2023 with contemporary design
- Each unit offers 3 bedrooms and 2.5 bathrooms with 1,540 sq ft of living space
- Covered back patios and oversized garages per unit
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $53.6k | $17.40 |
| − Vacancy | −$3.3k | −$1.06 |
| EGI | $50.3k | $16.34 |
| − OpEx | −$15.1k | −$4.90 |
| NOI | $35.2k | $11.44 |
3,080 SF · lease $17.40/SF/yr · vacancy 6.08% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Rental duplex in prime location near dining and groceries.
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: Rental duplex built in 2023 with contemporary design; Each unit offers 3 bedrooms and 2.5 bathrooms with 1,540 sq ft of living space; Covered back patios and oversized garages per unit
