Triplex with In-Unit
New
For Sale
$510,000
6113-6117 Addison, Spokane, WA 99208
Three occupied apartments each include private laundry and access to rear carport parking.
Property Size2,440 SF
Price / SF$209.02
Days on Market2
Property Features for 6113-6117 Addison
General Information
Standard status
Active
Size
2,440 SF
Property subtype
Multi Family Home
Occupancy
100%
Financials
Gross Income
$41,400
Average Monthly Rent
$1,140
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Amenities
in-unit washer/dryer
carport parking
Garage: Carport
Garage Spaces: 0
Carport
Building Details
Year Built
1978
Buildings
1
Tenancy
Multi
Listing Agency:
eXp Realty 4 Degrees
Listed By:
Brenda Tampien · License #120493
(509) 863-6091
Source:
Clearwaterproperties
Added: Oct 16
Changed: Oct 17
Last Checked: Oct 16 at 2:24PM
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 eXp Realty 4 Degrees
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 1978 triplex contains three two-bedroom, one-bathroom apartments totaling approximately 2,440 square feet. Each residence has its own washer and dryer, and carport parking is positioned behind the building. All three apartments are occupied. The grounds also feature refreshed landscaping.
Key Highlights
- Three 2‑bedroom, 1‑bath apartments
- Approximately 2,440 total square feet
- All three units occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,912
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$558,240
$558.2K
Cap Rate 7%
$398,743
$398.7K
Cap Rate 9%
$310,133
$310.1K
Market Conditions
NOI Build-Up for 2,440 SF
Gross rent
$42.5K $17.40/SF
− Vacancy
−$2.6K −$1.06/SF
EGI
$39.9K $16.34/SF
− OpEx
−$12.0K −$4.90/SF
NOI
$27.9K $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%
$558,240
Cap Rate 7%
$398,743
Cap Rate 9%
$310,133
Alternative Uses
Best Use
Multifamily LT 5
$398.7K
$348.9K – $465.2K
NOI $27,912 @ 7.0% cap · market cap 5.47%
Second Best
Apartment 5plus
$346.7K
$303.4K – $404.5K
NOI $24,268 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$629.5K
$550.8K – $734.4K
NOI $44,066 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,374
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?
Triplex - Three occupied apartments each include private laundry and access to rear carport parking.
Where is this triplex located?
The property is located at 6113-6117 Addison Spokane, WA.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: Three 2‑bedroom, 1‑bath apartments; Approximately 2,440 total square feet; All three units occupied
