Remodeled Duplex with Two
9120 N Wall St Spokane, WA 99218
9120 N Wall St, Spokane, WA, 99218
$700,000
For Sale
$700,000
Remodeled duplex with one occupied side, one vacant side, and attached two-car garages for both units.
Property Size4,264 SF
Price / SF$164.17
Days on Market18
Property Features for 9120 N Wall St
General Information
- Standard status
- Active
- Size
- 4,264 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1965
Listing agency
Source Real Estate
(828) 505-7161
Listed by
David Reynolds · License #27874
Source
Clearwaterproperties
Added: Jul 4 Updated: Jul 20 at 9:34PM Checked: Jul 21 at 4:23AM
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 Source Real Estate
Investment Insights
Based on property information with market context.
This remodeled duplex offers flexible ownership and rental options, with one side currently occupied and the other vacant. Updates include new paint, new LVP flooring, refinished cabinets and several doors, and updated outlets and switches, along with some electrical improvements. Both water heaters have been replaced, and the boilers have been serviced annually.
Each unit includes a two-car attached garage, along with a deck and patio. The front features drought-resistant landscaping.
Per the current configuration, rents are reported at $2,500 per month. The property is also described as a potential conversion candidate back to a four-plex, depending on applicable requirements.
Each unit includes a two-car attached garage, along with a deck and patio. The front features drought-resistant landscaping.
Per the current configuration, rents are reported at $2,500 per month. The property is also described as a potential conversion candidate back to a four-plex, depending on applicable requirements.
Key Highlights
- Remodeled duplex with one occupied side and one vacant side
- Rents are $2,500 per month
- 2‑car attached garage for both units (2 garage spaces total)
Local 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 | $74.2k | $17.40 |
| − Vacancy | −$4.5k | −$1.06 |
| EGI | $69.7k | $16.34 |
| − OpEx | −$20.9k | −$4.90 |
| NOI | $48.8k | $11.44 |
4,264 SF · lease $17.40/SF/yr · vacancy 6.08% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$696.8K
$609.7K – $813.0K
NOI $48,778 @ 7.0% cap · market cap 6.97%
Second Best
Apartment 5plus
$605.8K
$530.1K – $706.8K
NOI $42,409 @ 7.0% cap · market cap 6.06%
Theoretical Best
Office A
$1.10M
$962.6K – $1.28M
NOI $77,008 @ 7.0% cap · market cap 11.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Remodeled duplex with one occupied side, one vacant side, and attached two-car garages for both units.
Where is this duplex located?
The property is located at 9120 N Wall St Spokane, WA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Remodeled duplex with one occupied side and one vacant side; Rents are $2,500 per month; 2‑car attached garage for both units (2 garage spaces total)
