Duplex with Covered
7018 / 7020 N Wiscomb St, Spokane, WA 99208
For Sale
$499,500
Two occupied residences provide distinct bedroom and bathroom layouts, with an unfinished basement adjoining the smaller unit.
Property Size3,456 SF
Lot Size0.19 Acres
Price / SF$144.53
Days on Market207
Property Features for 7018 / 7020 N Wiscomb St
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Occupancy
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Gross Income
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
fenced yard
dedicated storage
Smart Thermostat
Building Details
Building Size
Year Built
Buildings
Stories
Units
Tenancy
Listing Agency:
Amplify Real Estate Services
(509) 541-7389
Listed By:
Aaron Beal
(509) 519-3978
Source:
Ericksrealty
Added: Apr 17
Changed: Nov 8
Last Checked: Nov 8 at 8:00PM
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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Investment Insights
Based on property information with market context.
This 3,456-square-foot duplex, built in 1974, contains a 4-bedroom, 2-bath unit and a 2-bedroom, 1-bath unit. Both residences are occupied. The smaller unit has an unfinished basement, while the property also includes a recently installed roof, two covered carport spaces, a fenced yard, and dedicated storage.
Key Highlights
- Two‑unit property with 4BD/2BA and 2BD/1BA layouts
- 3,456 square feet on an 8,400‑square‑foot lot
- Both units occupied
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 12.50%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
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
$414,000
Median Home Value
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Market
Average Price Trend$/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 - Two occupied residences provide distinct bedroom and bathroom layouts, with an unfinished basement adjoining the smaller unit.
Where is this duplex located?
The property is located at 7018 / 7020 N Wiscomb St Spokane, WA.
What is the asking price?
The asking price for this property is $499,500.
What are key features of this property?
This property features: Two‑unit property with 4BD/2BA and 2BD/1BA layouts; 3,456 square feet on an 8,400‑square‑foot lot; Both units occupied
