Single-Level
For Sale
$309,900
904 N Felts Rd, Spokane Valley, WA 99206
MultiFamily, Sgl Level, Spokane Valley, WA
Property Size1,100 SF
Lot Size0.24 Acres
Price / SF$281.73
Days on Market49
Property Features for 904 N Felts Rd
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-3
Bedrooms
2
Full bathrooms
2
Rooms
Basement, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 2
Patio and Porch features
Deck
Interior features
Main Floor Utilities
Exterior features
Open Deck
Basement
Crawl Space
Lot features
Corner Lot, Level
View
Territorial
Elementary school district
Central Valley - 356
Middle school district
Central Valley - 356
High school district
Central Valley - 356
Directions
GPS is accurate.
Subdivision
Washington Counties
Standard status
Active
APN
45171.1508
Size
1,100 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Exhibit A
Tax Annual Amount
2812
Legal Description
Exhibit A
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Electric (Heating)
Water source
Public
Amenities
fenced backyard
deck
Building Details
Year built
1955
Number of units
2
Building materials
Wood Siding, Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
RE/MAX Centennial
(208) 667-7653
Listed By:
Jacob Mack · License #SP58180
(509) 714-4026
Added: Sep 12
Changed: Oct 23
Last Checked: Oct 30 at 10:06AM
MLS# 26-9376
Copyright © 2026 Coeur d'Alene Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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.
This duplex contains two main-level residences, each with one bedroom, one bathroom, and 550 square feet of living area. Both units are occupied by long-term tenants. The property includes separate fenced backyards with decks, along with a detached two-car garage divided to provide one garage space per unit. Additional off-street parking is available.
Set on a 0.24-acre corner lot in Spokane Valley, the property has R-3 zoning, wood-frame construction with wood siding, composition roofing, electric baseboard heat, and public water and sewer. Broadway and Ness Elementary schools are located a few blocks away. Built in 1955, the property also includes main-floor utilities and open deck features.
Set on a 0.24-acre corner lot in Spokane Valley, the property has R-3 zoning, wood-frame construction with wood siding, composition roofing, electric baseboard heat, and public water and sewer. Broadway and Ness Elementary schools are located a few blocks away. Built in 1955, the property also includes main-floor utilities and open deck features.
Key Highlights
- Two‑unit duplex with 1 bedroom and 1 bathroom per unit
- Each residence offers 550 square feet of living space
- 0.24‑acre corner lot in Spokane Valley
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,537
Cap Rate
3.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$190,740
$190.7K
Cap Rate 7%
$136,243
$136.2K
Cap Rate 9%
$105,967
$106.0K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$14.5K $13.20/SF
− Vacancy
−$896 −$0.81/SF
EGI
$13.6K $12.39/SF
− OpEx
−$4.1K −$3.72/SF
NOI
$9.5K $8.67/SF
Area
Spokane Valley, WA
Vacancy
6.17%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$190,740
Cap Rate 7%
$136,243
Cap Rate 9%
$105,967
Alternative Uses
Best Use
Multifamily LT 5
$136.2K
$119.2K – $159.0K
NOI $9,537 @ 7.0% cap · market cap 3.08%
Second Best
Apartment 5plus
$126.1K
$110.3K – $147.1K
NOI $8,825 @ 7.0% cap · market cap 2.85%
Theoretical Best
Office A
$239.0K
$209.1K – $278.8K
NOI $16,727 @ 7.0% cap · market cap 5.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
404
Businesses Nearby
Explore this area
Business Placement
Demographics for 99206, WA
39,842
Population
17,339
Households
2.3
Avg Household Size
39
Median Age
28%
College-Educated
95%
High-School Grad
23.4 sq mi
ZIP Area
1,703
Density / Sq Mi
$75,538
Median Household Income
$42,018
Median Earnings
$1,174
Median Rent
$362,100
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?
Duplex - Occupied two-unit property with separate fenced yards, decks, and divided garage spaces for each residence.
Where is this duplex located?
The property is located at 904 N Felts Rd Spokane Valley, WA.
What is the asking price?
The asking price for this property is $309,900.
What are key features of this property?
This property features: Two‑unit duplex with 1 bedroom and 1 bathroom per unit; Each residence offers 550 square feet of living space; 0.24‑acre corner lot in Spokane Valley
