Duplex with Unfinished
7018/7020 Wiscomb, Spokane, WA 99208
For Sale
New
$499,900
The two residences offer different bedroom and bathroom configurations, with a fenced yard and dedicated storage.
Property Size3,456 SF
Lot Size0.19 Acres
Price / SF$144.65
Days on Market2
Property Features for 7018/7020 Wiscomb
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Occupancy
Financials
Gross Income
Average Monthly Rent
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
fenced yard
dedicated storage
Garage: Carport, Off Site
Garage Spaces: 0
Style: Other
Other
Carport, Off Site
Building Details
Year Built
Listing Agency:
Amplify Real Estate Services
Listed By:
Aaron Beal
(509) 995-3366
Source:
Clearwaterproperties
Added: Nov 12
Last Checked: Nov 12 at 2:18PM
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 Amplify Real Estate Services
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1974, this duplex contains 3,456 square feet across two units: one with 4 bedrooms and 2 bathrooms, and another with 2 bedrooms and 1 bathroom. The basement on the 2-bedroom side is unfinished. The property also has a fenced yard and dedicated storage.
At 7018/7020 Wiscomb in Spokane, the duplex sits on an 8,400-square-foot lot. Both units are currently occupied, and the roof is newly installed.
At 7018/7020 Wiscomb in Spokane, the duplex sits on an 8,400-square-foot lot. Both units are currently occupied, and the roof is newly installed.
Key Highlights
- 3,456‑square‑foot duplex with two units: 4BD/2BA and 2BD/1BA
- Unfinished basement on the 2BD unit side
- 8,400‑square‑foot lot in Spokane
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,535
Cap Rate
7.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$790,700
$790.7K
Cap Rate 7%
$564,786
$564.8K
Cap Rate 9%
$439,278
$439.3K
Market Conditions
NOI Build-Up for 3,456 SF
Gross rent
$60.1K $17.40/SF
− Vacancy
−$3.7K −$1.06/SF
EGI
$56.5K $16.34/SF
− OpEx
−$16.9K −$4.90/SF
NOI
$39.5K $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%
$790,700
Cap Rate 7%
$564,786
Cap Rate 9%
$439,278
Alternative Uses
Best Use
Multifamily LT 5
$564.8K
$494.2K – $658.9K
NOI $39,535 @ 7.0% cap · market cap 7.91%
Second Best
Apartment 5plus
$491.0K
$429.7K – $572.9K
NOI $34,373 @ 7.0% cap · market cap 6.88%
Theoretical Best
Office A
$891.6K
$780.2K – $1.04M
NOI $62,415 @ 7.0% cap · market cap 12.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
791
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
$414,000
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Spokane, WA
Properties on Market for Duplexes in Spokane
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - The two residences offer different bedroom and bathroom configurations, with a fenced yard and dedicated storage.
Where is this duplex located?
The property is located at 7018/7020 Wiscomb Spokane, WA.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 3,456‑square‑foot duplex with two units: 4BD/2BA and 2BD/1BA; Unfinished basement on the 2BD unit side; 8,400‑square‑foot lot in Spokane
