Split-Level
8305 N Colton St, Spokane, WA 99208
For Sale
$569,500
Both residences include four bedrooms, two bathrooms, a basement living area and an attached two-car garage.
Property Size3,808 SF
Price / SF$149.55
Days on Market39
Property Features for 8305 N Colton St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
vaulted ceilings
wood-burning fireplace
large deck
separate fenced backyard
laundry
Cathedral Ceiling(s)
Natural Woodwork
Building Details
Building Size
Year Built
Buildings
Stories
Units
Construction
Listing Agency:
eXp Realty, LLC Branch
(888) 421-2531
Listed By:
Emily Silcock
(509) 557-0654
Source:
Ericksrealty
Added: Oct 2
Changed: Nov 7
Last Checked: Nov 8 at 5:37PM
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 eXp Realty, LLC Branch
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Investment Insights
Based on property information with market context.
Built in 1985, this California split-level duplex contains 3,808 square feet across two residences. Each side has four bedrooms and two bathrooms, with two bedrooms and one full bathroom upstairs. The basement adds two bedrooms, another bathroom, laundry and a second living area. Vaulted ceilings and a wood-burning fireplace are among the interior features; each residence also has an attached two-car garage, a large deck and a separate fenced backyard.
The property is near Whitworth University and shopping, restaurants and everyday amenities. It is within the Mead School District. In total, the duplex offers eight bedrooms, four bathrooms and four garage spaces.
The property is near Whitworth University and shopping, restaurants and everyday amenities. It is within the Mead School District. In total, the duplex offers eight bedrooms, four bathrooms and four garage spaces.
Key Highlights
- 3,808 square feet in a two‑residence duplex built in 1985
- Each side has 4 bedrooms and 2 bathrooms
- Basement includes 2 bedrooms, a bathroom, laundry and a second living area per residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,561
Cap Rate
7.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$871,220
$871.2K
Cap Rate 7%
$622,300
$622.3K
Cap Rate 9%
$484,011
$484.0K
Market Conditions
NOI Build-Up for 3,808 SF
Gross rent
$66.3K $17.40/SF
− Vacancy
−$4.0K −$1.06/SF
EGI
$62.2K $16.34/SF
− OpEx
−$18.7K −$4.90/SF
NOI
$43.6K $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%
$871,220
Cap Rate 7%
$622,300
Cap Rate 9%
$484,011
Alternative Uses
Best Use
Multifamily LT 5
$622.3K
$544.5K – $726.0K
NOI $43,561 @ 7.0% cap · market cap 7.65%
Second Best
Apartment 5plus
$541.1K
$473.4K – $631.2K
NOI $37,874 @ 7.0% cap · market cap 6.65%
Theoretical Best
Office A
$982.5K
$859.7K – $1.15M
NOI $68,772 @ 7.0% cap · market cap 12.08%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
765
Businesses Nearby
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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 - Both residences include four bedrooms, two bathrooms, a basement living area and an attached two-car garage.
Where is this duplex located?
The property is located at 8305 N Colton St Spokane, WA.
What is the asking price?
The asking price for this property is $569,500.
What are key features of this property?
This property features: 3,808 square feet in a two‑residence duplex built in 1985; Each side has 4 bedrooms and 2 bathrooms; Basement includes 2 bedrooms, a bathroom, laundry and a second living area per residence
