Four-Unit Duplex
For Sale
$400,000
6028 N Lacey St, Spokane, WA 99208
Two duplexes include basement utility space and a detached single-car garage for each unit.
Property Size3,329 SF
Price / SF$120.16
Days on Market155
Property Features for 6028 N Lacey St
General Information
Standard status
Active
Size
3,329 SF
Total Parking Spaces
2
Property subtype
Residential Income
Site & Location
Neighborhood
Hillyard
Units
Multifamily Units
2
Parking per Unit
1
Amenities
family room
laundry area
Building Details
Building Size
3,329 SF
Year Built
1979
Buildings
1
Stories
1
Units
2
Listing Agency:
NuKey Realty & Property Mgmt,
(509) 489-4375
Listed By:
Joshua Thosath
(509) 202-9929
Source:
Ericksrealty
Added: May 22
Changed: Oct 23
Last Checked: Oct 23 at 5:14PM
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 NuKey Realty & Property Mgmt,
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,329-square-foot multifamily property consists of front and rear duplexes, with a detached single-car garage serving each unit. Basement areas include a family room, laundry space, storage, and a non-egress room. The building was constructed in 1979; its roof and exterior paint are 2 years old.
Unit B is available for buyer occupancy effective September 1, 2026.
Unit B is available for buyer occupancy effective September 1, 2026.
Key Highlights
- Front and rear duplexes provide four residential units
- 3,329 square feet; built in 1979
- Detached single‑car garage for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,110
Cap Rate
8.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$662,200
$662.2K
Cap Rate 7%
$473,000
$473.0K
Cap Rate 9%
$367,889
$367.9K
Market Conditions
NOI Build-Up for 3,329 SF
Gross rent
$64.3K $19.32/SF
− Vacancy
−$4.1K −$1.24/SF
EGI
$60.2K $18.08/SF
− OpEx
−$27.1K −$8.14/SF
NOI
$33.1K $9.95/SF
Area
Spokane, WA
Vacancy
6.40%
Lease Rate
$19.32 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$662,200
Cap Rate 7%
$473,000
Cap Rate 9%
$367,889
Alternative Uses
Best Use
Apartment 5plus
$473.0K
$413.9K – $551.8K
NOI $33,110 @ 7.0% cap · market cap 8.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$858.9K
$751.5K – $1.00M
NOI $60,122 @ 7.0% cap · market cap 15.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two duplexes include basement utility space and a detached single-car garage for each unit.
Where is this multifamily property located?
The property is located at 6028 N Lacey St Spokane, WA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Front and rear duplexes provide four residential units; 3,329 square feet; built in 1979; Detached single‑car garage for each unit
