Duplex with Decks and
New
For Sale
$495,000
7505 E Sinto Ave, Spokane, WA 99212
Residential Income, Spokane, WA
Property Size2,228 SF
Lot Size0.28 Acres
Price / SF$222.17
Days on Market2
Property Features for 7505 E Sinto Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 2
Parking
6
Parking features
Open
Patio and Porch features
Deck, Patio
Interior features
Natural Woodwork
Basement
Full, Finished
Appliances
Free-Standing Range, Dishwasher, Refrigerator
Lot features
Sprinkler - Automatic, Level, Corner Lot, City Bus (w/in 6 blks)
Elementary school
Seth Woodard
Middle school
Centennial
High school
West Valley
Elementary school district
West Valley
Directions
From Broadway & Argonne, go west on Broadway to Park Rd, go north to Sinto. The duplex is on the corner of Park and Sinto.
Standard status
Active
APN
45182.0406
Size
2,228 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Annual Amount
3942
Utilities
Heating system
Electric (Heating), Baseboard
Building Details
Year built
1971
Floors in Building
2
Number of units
2
Flooring type
Vinyl
Building materials
Wood Siding
Roof type
Composition
Architectural style
Other
Listing Agency:
Realty One Group Eclipse
(509) 327-2238
Listed By:
Amy Parrish · License #95626
(509) 389-2605
Added: Sep 22
Last Checked: Sep 23 at 4:06AM
MLS# 202624662
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.
Investment Insights
Based on property information with market context.
This duplex contains 2,228 square feet with two residential units, each offering two bedrooms, 1.5 bathrooms, a deck, a patio, and a single-car garage. Flooring, appliances, and interior and exterior paint have been renewed. Each kitchen includes a freestanding range, dishwasher, and refrigerator, while natural woodwork, vinyl flooring, electric baseboard heat, and wood siding add to the existing finish package.
Built in 1971 on a 0.28-acre lot, the property includes an open yard with automatic sprinklers and a composition roof. Both units are currently vacant. The duplex is located in Spokane Valley and falls within the West Valley School District.
Built in 1971 on a 0.28-acre lot, the property includes an open yard with automatic sprinklers and a composition roof. Both units are currently vacant. The duplex is located in Spokane Valley and falls within the West Valley School District.
Key Highlights
- 2,228‑square‑foot duplex on a 0.28‑acre lot
- Two units, each with 2 bedrooms and 1.5 bathrooms
- Both units currently vacant
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,487
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.15%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$509,740
$509.7K
Cap Rate 7%
$364,100
$364.1K
Cap Rate 9%
$283,189
$283.2K
Market Conditions
NOI Build-Up for 2,228 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$38.8K $17.40/SF
− Vacancy
−$2.4K −$1.06/SF
EGI
$36.4K $16.34/SF
− OpEx
−$10.9K −$4.90/SF
NOI
$25.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$509,740
Cap Rate 7%
$364,100
Cap Rate 9%
$283,189
Alternative Uses
Best Use
Multifamily LT 5
$364.1K
$318.6K – $424.8K
NOI $25,487 @ 7.0% cap · market cap 5.15%
Second Best
Apartment 5plus
$316.6K
$277.0K – $369.3K
NOI $22,160 @ 7.0% cap · market cap 4.48%
Theoretical Best
Office A
$574.8K
$503.0K – $670.6K
NOI $40,238 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
249
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two vacant units offer updated interiors, outdoor areas, and single-car garages.
Where is this duplex located?
The property is located at 7505 E Sinto Ave Spokane, WA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 2,228‑square‑foot duplex on a 0.28‑acre lot; Two units, each with 2 bedrooms and 1.5 bathrooms; Both units currently vacant
