Multifamily Property with
For Sale
$335,000
828 E North Ave, Spokane, WA 99207
Each residence includes private storage, a one-car garage, and washer/dryer hookups.
Property Size1,540 SF
Price / SF$217.53
Days on Market30
Property Features for 828 E North Ave
General Information
Standard status
Active
Size
1,540 SF
Property subtype
Residential Income
Property Condition
Severity
Repairs Needed
Evidence
light cosmetic updates
Site & Location
Neighborhood
Nevada Heights
Public Transit
Yes
Amenities
washer/dryer hookups
private storage
one-car garage
Building Details
Building Size
1,540 SF
Year Built
1987
Stories
1
Units
2
Listing Agency:
LT Real Estate
(509) 315-8720
Listed By:
Ryan Towner · License #24027253
(509) 481-0373
Source:
Ericksrealty
Added: Sep 24
Changed: Oct 23
Last Checked: Oct 23 at 4:14PM
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 LT Real Estate
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.
Built in 1987, this 1,540-square-foot multifamily property has residences with two bedrooms, one bathroom, and open-concept living areas. Each includes a kitchen with a peninsula eating bar, washer/dryer hookups, private storage, and a one-car garage. The layout supports separate residential use, with each unit offering its own set of features.
The property is at 828 E North Ave in Spokane, near medical centers, retail, and transit.
The property is at 828 E North Ave in Spokane, near medical centers, retail, and transit.
Key Highlights
- 1,540‑square‑foot multifamily property built in 1987
- Each unit has 2 bedrooms and 1 bathroom
- One‑car garage and private storage for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,617
Cap Rate
5.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$352,340
$352.3K
Cap Rate 7%
$251,671
$251.7K
Cap Rate 9%
$195,744
$195.7K
Market Conditions
NOI Build-Up for 1,540 SF
Gross rent
$26.8K $17.40/SF
− Vacancy
−$1.6K −$1.06/SF
EGI
$25.2K $16.34/SF
− OpEx
−$7.6K −$4.90/SF
NOI
$17.6K $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%
$352,340
Cap Rate 7%
$251,671
Cap Rate 9%
$195,744
Alternative Uses
Best Use
Multifamily LT 5
$251.7K
$220.2K – $293.6K
NOI $17,617 @ 7.0% cap · market cap 5.26%
Second Best
Apartment 5plus
$218.8K
$191.5K – $255.3K
NOI $15,317 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$397.3K
$347.7K – $463.5K
NOI $27,812 @ 7.0% cap · market cap 8.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Location Intelligence
Trade Area within ½ mile
877
Businesses Nearby
Explore this area
Business Placement
Demographics for 99207, WA
32,059
Population
13,673
Households
2.3
Avg Household Size
34
Median Age
17%
College-Educated
91%
High-School Grad
5.2 sq mi
ZIP Area
6,165
Density / Sq Mi
$55,548
Median Household Income
$31,712
Median Earnings
$1,127
Median Rent
$246,800
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
Frequently Asked Questions
What type of property is this?
Multifamily property - Each residence includes private storage, a one-car garage, and washer/dryer hookups.
Where is this multifamily property located?
The property is located at 828 E North Ave Spokane, WA.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: 1,540‑square‑foot multifamily property built in 1987; Each unit has 2 bedrooms and 1 bathroom; One‑car garage and private storage for each unit
