Updated Duplex with Covered
For Sale
$349,000
8908-8912 E Main Ave, Spokane, WA 99212
Two-unit residential property with a fenced yard, carports, one renovated unit, and established tenancy.
Property Size1,200 SF
Price / SF$290.83
Days on Market70
Property Features for 8908-8912 E Main Ave
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
large fenced yard
Building Details
Year Built
1943
Buildings
1
Tenancy
Multi
Listing Agency:
eXp Realty, LLC
Listed By:
Holly McDowell
(360) 339-5093
Source:
Clemensregroup
Added: Aug 7
Changed: Oct 7
Last Checked: Oct 7 at 5:31PM
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
Investment Insights
Based on property information with market context.
This duplex at 8908-8912 E Main Ave includes two residential units, a large fenced yard, and covered parking provided by carports. One unit was updated in 2021, and the exterior paint was also refreshed that year. The roof was replaced in July 2026.
Occupancy includes one long-term tenant, while the second unit is leased on a month-to-month basis. The property was built in 1943 and is located in Spokane, Washington, within the 99212 ZIP code. Existing tenancy and recent property improvements provide a documented operating profile for a residential income property.
Occupancy includes one long-term tenant, while the second unit is leased on a month-to-month basis. The property was built in 1943 and is located in Spokane, Washington, within the 99212 ZIP code. Existing tenancy and recent property improvements provide a documented operating profile for a residential income property.
Key Highlights
- Duplex at 8908‑8912 E Main Ave, Spokane, WA 99212
- One unit updated in 2021
- Exterior paint updated in 2021
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,727
Cap Rate
3.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$274,540
$274.5K
Cap Rate 7%
$196,100
$196.1K
Cap Rate 9%
$152,522
$152.5K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$20.9K $17.40/SF
− Vacancy
−$1.3K −$1.06/SF
EGI
$19.6K $16.34/SF
− OpEx
−$5.9K −$4.90/SF
NOI
$13.7K $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%
$274,540
Cap Rate 7%
$196,100
Cap Rate 9%
$152,522
Alternative Uses
Best Use
Multifamily LT 5
$196.1K
$171.6K – $228.8K
NOI $13,727 @ 7.0% cap · market cap 3.93%
Second Best
Apartment 5plus
$170.5K
$149.2K – $198.9K
NOI $11,935 @ 7.0% cap · market cap 3.42%
Theoretical Best
Office A
$309.6K
$270.9K – $361.2K
NOI $21,672 @ 7.0% cap · market cap 6.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
913
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with a fenced yard, carports, one renovated unit, and established tenancy.
Where is this duplex located?
The property is located at 8908-8912 E Main Ave Spokane, WA.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Duplex at 8908‑8912 E Main Ave, Spokane, WA 99212; One unit updated in 2021; Exterior paint updated in 2021
