Triplex with Detached
For Sale
$649,500
828 /820 W 11th Ave, Spokane, WA 99204
Three-unit property with varied layouts, individual heating and cooling systems, and separate garage space.
Property Size3,950 SF
Price / SF$164.43
Days on Market87
Property Features for 828 /820 W 11th Ave
General Information
Standard status
Active
Size
3,950 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/1BA, 1 x 1BR, 1 x studio
Multifamily Units
3
Amenities
central gas heat
air conditioning
gas fireplace
in-unit laundry hookups
mini-split heating and cooling systems
shared laundry room
Building Details
Year Built
1949
Listing Agency:
Keller Williams Realty Coeur d
Listed By:
Tanner Williams
(208) 651-9700
Source:
Clemensregroup
Added: Jul 21
Changed: Oct 11
Last Checked: Oct 12 at 11:01PM
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 Keller Williams Realty Coeur d
Investment Insights
Based on property information with market context.
Built in 1949, this Spokane triplex combines a 1,500-square-foot three-bedroom, one-bath residence with a roughly 700-square-foot one-bedroom unit and an approximately 475-square-foot studio. The main residence includes central gas heat, air conditioning, a gas fireplace, a large primary bedroom, and laundry hookups. The smaller units use mini-split heating and cooling systems, while all three units have full bathrooms. A shared laundry room is located in the basement utility area.
Two detached garages sit on a separate parcel directly behind the property. Each garage has two bays, and one also provides additional storage. The property is located near shopping, dining, Sacred Heart Hospital, and Deaconess Hospital.
Two detached garages sit on a separate parcel directly behind the property. Each garage has two bays, and one also provides additional storage. The property is located near shopping, dining, Sacred Heart Hospital, and Deaconess Hospital.
Key Highlights
- Three‑unit configuration with 1,500 sq. ft. main residence, ~700 sq. ft. one‑bedroom unit, and ~475 sq. ft. studio
- Main unit offers 3 bedrooms, 1 bath, central gas heat, air conditioning, gas fireplace, and laundry hookups
- Two detached garages on a separate parcel directly behind the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,186
Cap Rate
6.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$903,720
$903.7K
Cap Rate 7%
$645,514
$645.5K
Cap Rate 9%
$502,067
$502.1K
Market Conditions
NOI Build-Up for 3,950 SF
Gross rent
$68.7K $17.40/SF
− Vacancy
−$4.2K −$1.06/SF
EGI
$64.6K $16.34/SF
− OpEx
−$19.4K −$4.90/SF
NOI
$45.2K $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%
$903,720
Cap Rate 7%
$645,514
Cap Rate 9%
$502,067
Alternative Uses
Best Use
Multifamily LT 5
$645.5K
$564.8K – $753.1K
NOI $45,186 @ 7.0% cap · market cap 6.96%
Second Best
Apartment 5plus
$561.2K
$491.1K – $654.8K
NOI $39,286 @ 7.0% cap · market cap 6.05%
Theoretical Best
Office A
$1.02M
$891.7K – $1.19M
NOI $71,337 @ 7.0% cap · market cap 10.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,224
Businesses Nearby
Explore this area
Business Placement
Demographics for 99204, WA
7,000
Population
4,357
Households
1.6
Avg Household Size
34
Median Age
37%
College-Educated
93%
High-School Grad
1.0 sq mi
ZIP Area
7,000
Density / Sq Mi
$50,266
Median Household Income
$39,036
Median Earnings
$1,103
Median Rent
$355,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property with varied layouts, individual heating and cooling systems, and separate garage space.
Where is this triplex located?
The property is located at 828 /820 W 11th Ave Spokane, WA.
What is the asking price?
The asking price for this property is $649,500.
What are key features of this property?
This property features: Three‑unit configuration with 1,500 sq. ft. main residence, ~700 sq. ft. one‑bedroom unit, and ~475 sq. ft. studio; Main unit offers 3 bedrooms, 1 bath, central gas heat, air conditioning, gas fireplace, and laundry hookups; Two detached garages on a separate parcel directly behind the property
