Up/Down Duplex with Detached
For Sale
$245,000
907 W Montgomery Ave, Spokane, WA 99207
Tenant-occupied two-unit property with forced-air heat and a detached garage.
Property Size1,879 SF
Lot Size0.14 Acres
Price / SF$130.39
Days on Market66
Property Features for 907 W Montgomery Ave
General Information
Standard status
Active
Size
1,879 SF
Lot size
0.14 Acres
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Building Details
Year Built
1905
Buildings
1
Tenancy
Multi
Listing Agency:
REAL Broker LLC
(855) 450-0442
Listed By:
Matthew Brunner · License #B97277
(509) 217-7444
Source:
Exprealty
Added: Aug 13
Changed: Oct 16
Last Checked: Oct 16 at 9:56AM
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 REAL Broker LLC
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Investment Insights
Based on property information with market context.
This 1,879-square-foot up/down duplex includes two separate residences within a 1905-built property. The main-level unit offers 2 bedrooms, 1 bath, and roughly 1,479 sq ft that includes a partially finished basement. The upper residence has 1 bedroom, 1 bath, and an additional bonus room suitable for office or flex use. Both units are currently tenant-occupied. Property improvements include forced-air heating and a 200-amp electrical panel.
The property occupies a fully fenced 6,000 sq ft lot with a detached garage. It is located at 907 Montgomery in Spokane, near the North Monroe corridor, Elliott's Kitchen, downtown Spokane, Emerson-Garfield, Garfield Elementary, and North Central High.
The property occupies a fully fenced 6,000 sq ft lot with a detached garage. It is located at 907 Montgomery in Spokane, near the North Monroe corridor, Elliott's Kitchen, downtown Spokane, Emerson-Garfield, Garfield Elementary, and North Central High.
Key Highlights
- Two‑unit up/down duplex with 1,879 SF of property size
- Main‑floor unit has 2 bedrooms, 1 bath, and roughly 1,479 sq ft including a partially finished basement
- Upper unit includes 1 bedroom, 1 bath, and a bonus room area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,495
Cap Rate
8.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$429,900
$429.9K
Cap Rate 7%
$307,071
$307.1K
Cap Rate 9%
$238,833
$238.8K
Market Conditions
NOI Build-Up for 1,879 SF
Gross rent
$32.7K $17.40/SF
− Vacancy
−$2.0K −$1.06/SF
EGI
$30.7K $16.34/SF
− OpEx
−$9.2K −$4.90/SF
NOI
$21.5K $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%
$429,900
Cap Rate 7%
$307,071
Cap Rate 9%
$238,833
Alternative Uses
Best Use
Multifamily LT 5
$307.1K
$268.7K – $358.3K
NOI $21,495 @ 7.0% cap · market cap 8.77%
Second Best
Apartment 5plus
$267.0K
$233.6K – $311.5K
NOI $18,688 @ 7.0% cap · market cap 7.63%
Theoretical Best
Office A
$484.8K
$424.2K – $565.6K
NOI $33,935 @ 7.0% cap · market cap 13.85%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
777
Businesses Nearby
Explore this area
Business Placement
Demographics for 99207, WA
32,059
Population
13,673
Households
2.3
Avg Household Size
34
Median Age
17%
College-Educated
91%
High-School Grad
5.2 sq mi
ZIP Area
6,165
Density / Sq Mi
$55,548
Median Household Income
$31,712
Median Earnings
$1,127
Median Rent
$246,800
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
Frequently Asked Questions
What type of property is this?
Duplex - Tenant-occupied two-unit property with forced-air heat and a detached garage.
Where is this duplex located?
The property is located at 907 W Montgomery Ave Spokane, WA.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Two‑unit up/down duplex with 1,879 SF of property size; Main‑floor unit has 2 bedrooms, 1 bath, and roughly 1,479 sq ft including a partially finished basement; Upper unit includes 1 bedroom, 1 bath, and a bonus room area
