4-Unit Brick
For Sale
$598,000
609 E EUCLID Ave, Spokane, WA 99207
Each apartment has private laundry, with three detached garage units serving the property.
Property Size3,600 SF
Price / SF$166.11
Days on Market54
Property Features for 609 E EUCLID Ave
General Information
Standard status
Active
Size
3,600 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Nevada Heights
Additional Details
Sprinkler System
Yes
Multifamily Units
4
Amenities
in-unit laundry
window AC units
Building Details
Building Size
3,600 SF
Year Built
1956
Stories
1
Units
4
Construction
brick
Listing Agency:
Jerry Vanhook Real Estate
Listed By:
Jerry Vanhook
(509) 998-2458
Source:
Ericksrealty
Added: Sep 10
Changed: Oct 27
Last Checked: Oct 29 at 8:28PM
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 Jerry Vanhook Real Estate
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 3,600-square-foot brick quadplex contains four apartments and three detached garage units. Each apartment has its own laundry and a window air-conditioning unit. The building dates to 1956 and has received updates to its roof, gutters, windows, electrical panels, heaters, and sewer line. Garage improvements include new doors and openers; a sprinkler system is also present.
Apartment features include stainless steel kitchen appliances, glass-top stoves, and washer-dryers. The four-unit layout combines individual laundry facilities with separate garage units on the property.
Apartment features include stainless steel kitchen appliances, glass-top stoves, and washer-dryers. The four-unit layout combines individual laundry facilities with separate garage units on the property.
Key Highlights
- Four‑unit brick property totaling 3,600 square feet
- Three detached garage units
- Private laundry in each apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,182
Cap Rate
6.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$823,640
$823.6K
Cap Rate 7%
$588,314
$588.3K
Cap Rate 9%
$457,578
$457.6K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$62.6K $17.40/SF
− Vacancy
−$3.8K −$1.06/SF
EGI
$58.8K $16.34/SF
− OpEx
−$17.6K −$4.90/SF
NOI
$41.2K $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%
$823,640
Cap Rate 7%
$588,314
Cap Rate 9%
$457,578
Alternative Uses
Best Use
Multifamily LT 5
$588.3K
$514.8K – $686.4K
NOI $41,182 @ 7.0% cap · market cap 6.89%
Second Best
Apartment 5plus
$511.5K
$447.6K – $596.8K
NOI $35,805 @ 7.0% cap · market cap 5.99%
Theoretical Best
Office A
$928.8K
$812.7K – $1.08M
NOI $65,016 @ 7.0% cap · market cap 10.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
463
Businesses Nearby
Explore this area
Business Placement
Demographics for 99207, WA
32,059
Population
13,673
Households
2.3
Avg Household Size
34
Median Age
17%
College-Educated
91%
High-School Grad
5.2 sq mi
ZIP Area
6,165
Density / Sq Mi
$55,548
Median Household Income
$31,712
Median Earnings
$1,127
Median Rent
$246,800
Median Home Value
Check the figures for this property
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?
Quadplex - Each apartment has private laundry, with three detached garage units serving the property.
Where is this quadplex located?
The property is located at 609 E EUCLID Ave Spokane, WA.
What is the asking price?
The asking price for this property is $598,000.
What are key features of this property?
This property features: Four‑unit brick property totaling 3,600 square feet; Three detached garage units; Private laundry in each apartment
