Four-Unit Ranch
7314 E 7th Ave, Spokane Valley, WA 99212
For Sale
$549,899
Residential Income, Spokane Valley, WA
Property Size2,984 SF
Lot Size0.35 Acres
Price / SF$184.28
Days on Market97
Property Features for 7314 E 7th Ave
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Appliances
Lot features
View
Elementary school
Middle school
High school
Elementary school district
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Amenities
private laundry
off-street parking
shared courtyard
Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
Architectural style
Buildings
Listing Agency:
Keller Williams Spokane - Main · Keller Williams Realty
Listed By:
Lenae Thornton · License #27451
(509) 458-4000
Added: Aug 3
Changed: Oct 28
Last Checked: Nov 7 at 10:06PM
MLS# 202622051
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 2,984-square-foot quadplex contains four occupied residences arranged across two side-by-side duplex buildings. Each unit includes two bedrooms, one bathroom, private laundry, a functional floor plan, a free-standing range, and a refrigerator. The property was built in 1942 and features ranch-style architecture, wood siding, composition roofing, and natural-gas forced-air heating. The 0.35-acre site also includes a shared courtyard between the buildings.
Located at 7314 E 7th Ave in Spokane Valley, the property sits adjacent to Edgecliff Park on a dead-end street. Shopping, restaurants, schools, parks, and commuting routes are described as being within minutes of the property. Its four-unit layout and fully occupied status provide a straightforward multifamily configuration for an owner seeking an existing residential income asset.
Located at 7314 E 7th Ave in Spokane Valley, the property sits adjacent to Edgecliff Park on a dead-end street. Shopping, restaurants, schools, parks, and commuting routes are described as being within minutes of the property. Its four-unit layout and fully occupied status provide a straightforward multifamily configuration for an owner seeking an existing residential income asset.
Key Highlights
- Four occupied units across two side‑by‑side duplex buildings
- Each residence has 2 bedrooms, 1 bathroom, and private laundry
- 2,984 square feet on a 0.35‑acre site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,871
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$517,420
$517.4K
Cap Rate 7%
$369,586
$369.6K
Cap Rate 9%
$287,456
$287.5K
Market Conditions
NOI Build-Up for 2,984 SF
Gross rent
$39.4K $13.20/SF
− Vacancy
−$2.4K −$0.81/SF
EGI
$37.0K $12.39/SF
− OpEx
−$11.1K −$3.72/SF
NOI
$25.9K $8.67/SF
Area
Spokane Valley, WA
Vacancy
6.17%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$517,420
Cap Rate 7%
$369,586
Cap Rate 9%
$287,456
Alternative Uses
Best Use
Multifamily LT 5
$369.6K
$323.4K – $431.2K
NOI $25,871 @ 7.0% cap · market cap 4.70%
Second Best
Apartment 5plus
$342.0K
$299.2K – $399.0K
NOI $23,939 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$648.2K
$567.2K – $756.3K
NOI $45,376 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
295
Businesses Nearby
Explore this area
Business Placement
Demographics for 99212, WA
21,672
Population
9,496
Households
2.3
Avg Household Size
41
Median Age
27%
College-Educated
93%
High-School Grad
12.3 sq mi
ZIP Area
1,762
Density / Sq Mi
$66,250
Median Household Income
$39,829
Median Earnings
$1,184
Median Rent
$314,300
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Spokane County, WA
Properties on Market for Quadplexes in Spokane County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Two duplex structures offer consistent four-unit configuration with private laundry in every residence.
Where is this quadplex located?
The property is located at 7314 E 7th Ave Spokane Valley, WA.
What is the asking price?
The asking price for this property is $549,899.
What are key features of this property?
This property features: Four occupied units across two side‑by‑side duplex buildings; Each residence has 2 bedrooms, 1 bathroom, and private laundry; 2,984 square feet on a 0.35‑acre site
