4-Unit Brick
For Sale
$598,000
Pending
609 E EUCLID Ave, Spokane, WA 99207
Residential Income, Spokane, WA
Property Size3,600 SF
Lot Size0.12 Acres
Days on Market54
Property Features for 609 E EUCLID Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Basement, Bedroom 2, Bedroom 5, Bedroom 7, Bathroom 1, Bathroom 4, Bathroom 3, Bedroom 8, Bathroom 2, Bedroom 4, Bedroom 1, Bedroom 3, Bedroom 6
Basement
Finished, Full
Appliances
Free-Standing Range, Dishwasher, Refrigerator
Lot features
Sprinkler - Automatic, Level
Elementary school district
Spokane Dist 81
Directions
GPS
Standard status
Pending
APN
35054.3715
Size
3,600 SF
Lot size
0.12 Acres
Utilities
Heating system
Electric (Heating)
Amenities
in-unit laundry
window air conditioning
Building Details
Year built
1956
Floors in Building
1
Number of units
4
Building materials
Brick
Roof type
Composition
Listing Agency:
Jerry Vanhook Real Estate
Listed By:
Jerry Vanhook
(509) 998-2458
Added: Sep 10
Changed: Oct 30
Last Checked: Nov 2 at 5:06PM
MLS# 202624097
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.
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Investment Insights
Based on property information with market context.
This 4-unit brick quadplex in Spokane contains 3,600 square feet on a 0.1171-acre lot and was built in 1956. Each residence has its own laundry and a window-mounted air-conditioning unit. The property also includes three detached garage units.
Recorded improvements include the roof, gutters, garage doors and openers, sewer line, electrical panels, heaters, windows, and sprinkler system. Stainless steel kitchen appliances, glass-top ranges, and washer-dryers are also among the property features. The building is located at 609 E Euclid Ave in Spokane, Washington.
Recorded improvements include the roof, gutters, garage doors and openers, sewer line, electrical panels, heaters, windows, and sprinkler system. Stainless steel kitchen appliances, glass-top ranges, and washer-dryers are also among the property features. The building is located at 609 E Euclid Ave in Spokane, Washington.
Key Highlights
- Four‑unit brick property with 3,600 square feet
- Three detached garage units
- Private laundry in each residence
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.
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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
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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?
Quadplex - Each residence has its own laundry, with three detached garage spaces 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 with 3,600 square feet; Three detached garage units; Private laundry in each residence
