Turnkey Duplex with Fenced
8908-8912 E Main Ave Spokane, WA 99212
For Sale
$349,000
MULTI_FAMILY - Spokane, WA
Property Size1,200 SF
Lot Size0.25 Acres
Price / SF$290.83
Days on Market35
Property Features for 8908-8912 E Main Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Rooms
Bedroom 2, Bathroom 1, Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 2
Parking features
Carport
Basement
Crawl Space
Standard status
Active
APN
45184.1943
Size
1,200 SF
Lot size
0.25 Acres
Utilities
Heating system
Electric (Heating), Ductless (Heating), Baseboard
Building Details
Year built
1943
Number of units
2
Building materials
Siding
Roof type
Composition
Listing Agency:
eXp Realty, LLC
(888) 317-5197
Listed By:
Holly McDowell
(360) 339-5093
Added: Jun 26
Changed: Jul 29
Last Checked: Jul 30 at 1:06AM
MLS# 202619952
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.
Turnkey income-producing duplex configured as two separate units. The property includes a large fenced yard and covered parking provided by carports. Exterior paint was updated in 2021, and one unit received updates in 2021. The roof was replaced in July 2026, supporting reduced deferred maintenance.
The property is located at 8908-8912 E Main Ave in Spokane, WA 99212.
Current occupancy includes one long-term tenant in place, while the other unit is rented month-to-month.
The property is located at 8908-8912 E Main Ave in Spokane, WA 99212.
Current occupancy includes one long-term tenant in place, while the other unit is rented month-to-month.
Key Highlights
- Duplex built in 1943 with siding exterior and a composition roof
- One unit is rented to a long‑term tenant; the other unit is month‑to‑month
- Large fenced yard plus covered parking with carports
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.9k | $17.40 |
| − Vacancy | −$1.3k | −$1.06 |
| EGI | $19.6k | $16.34 |
| − OpEx | −$5.9k | −$4.90 |
| NOI | $13.7k | $11.44 |
1,200 SF · lease $17.40/SF/yr · vacancy 6.08% · expense 30.00%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Income-producing duplex offering a fenced yard, covered carport parking, and recent exterior and unit updates.
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 built in 1943 with siding exterior and a composition roof; One unit is rented to a long‑term tenant; the other unit is month‑to‑month; Large fenced yard plus covered parking with carports
