Two-Unit Duplex with
For Sale
$659,900
6027 Smith, Spokane, WA 99208
Each residence offers an open living area, covered rear patio, and garage.
Property Size3,080 SF
Price / SF$214.25
Days on Market14
Property Features for 6027 Smith
General Information
Standard status
Active
Size
3,080 SF
Property subtype
Multi Family Home
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Amenities
covered back patios
oversized garages
Garage: Underground, Garage Door Opener
Garage Spaces: 2
Style: Contemporary
Contemporary
Underground, Garage Door Opener
2
Building Details
Year Built
2023
Listing Agency:
Kelly Right Real Estate of Spokane
Listed By:
Jared Urbick · License #24022549
(509) 489-7000
Source:
Clearwaterproperties
Added: Oct 2
Changed: Oct 15
Last Checked: Oct 15 at 12:13AM
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 3,080 square feet across two residences of 1,540 square feet each. Each unit has three bedrooms and two-and-a-half bathrooms, with an open living and kitchen area, LVP flooring, granite countertops, stainless steel appliances, and ample kitchen cabinetry. A covered patio and oversized garage serve each residence.
Upstairs, each layout includes a primary suite with a walk-in closet and bathroom featuring a double-sink vanity and tub. Two additional bedrooms, a full bathroom, and a laundry closet complete the upper level. A coat closet and half bath are located near each unit’s entry.
Upstairs, each layout includes a primary suite with a walk-in closet and bathroom featuring a double-sink vanity and tub. Two additional bedrooms, a full bathroom, and a laundry closet complete the upper level. A coat closet and half bath are located near each unit’s entry.
Key Highlights
- Two‑unit duplex built in 2023, totaling 3,080 square feet
- Each unit offers 1,540 square feet, three bedrooms, and 2.5 baths
- Each residence has an oversized garage and covered patio
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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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
277
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers an open living area, covered rear patio, and garage.
Where is this duplex located?
The property is located at 6027 Smith 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‑unit duplex built in 2023, totaling 3,080 square feet; Each unit offers 1,540 square feet, three bedrooms, and 2.5 baths; Each residence has an oversized garage and covered patio
