New Duplex Near Downtown
917 E Providence Ave Spokane, WA 99207
917 E Providence Ave, Spokane, WA, 99207
$679,500
For Sale
$679,500
MULTI_FAMILY - Ranch - Spokane, WA
Property Size3,000 SF
Lot Size0.13 Acres
Price / SF$226.50
Days on Market46
Property Features for 917 E Providence Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Property condition
- Under Construction
- Bedrooms
- 6
- Bathrooms
- 6
- Rooms
- Bedroom 1, Bedroom 6, Bedroom 3, Bathroom 1, Bathroom 5, Bedroom 2, Bathroom 3, Bathroom 6, Bathroom 4, Bathroom 2, Bedroom 5, Bedroom 4
- Parking
- 6
- Parking features
- Open
- Window features
- Vinyl Frames
- Patio and Porch features
- Patio
- Basement
- Crawl Space
- Appliances
- Free-Standing Range, Dishwasher, Refrigerator, Microwave, Hard Surface Counters
- Standard status
- Active
- APN
- 35054.0622
- Size
- 3,000 SF
- Lot size
- 0.13 Acres
Utilities
- Heating system
- Heat Pump (Heating), Ductless (Heating), Forced Air, Electric (Heating)
- Cooling system
- Central Air, Ductless
Building Details
- Year built
- 2026
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Masonite
- Roof type
- Composition
- Architectural style
- Ranch
Listing Agency
Kelly Right Real Estate of Spokane
(509) 489-7000
140 S ARTHUR ST STE 600, Spokane, WA
Listed by
Nick Grishko · License #95551
(509) 489-7000
Added: Jun 1 Checked: Jul 16 at 4:06 pm
MLS# 202618408
Listing URL
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.
This turn-key duplex is located minutes from Downtown Spokane, the University district, and NorthTown Mall. Each of the two units features a two-level layout with a 3-bed/3-bath configuration. Each unit also includes its own garage and a private fenced backyard. The units offer 1,500 square feet of living space. The main level features a light-filled great room with seating and dining space. The kitchen includes quartz surfaces, storage, and stainless appliances. The dining area leads to the backyard patio. Upstairs, there is a primary suite with a walk-in closet and bath with a double-sink vanity, alongside two guest rooms, a full guest bath, and a dedicated laundry closet. The property is located in Spokane, WA 99207, in Spokane County. The lot size is 0.1251 acres.
Key Highlights
- Brand‑new duplex under construction (year built 2026) with Ranch architectural style and composition roof
- Each two‑level unit offers a 3‑bed/3‑bath layout
- Approximately 1,500 SF per unit, with a dedicated laundry closet on the upper level
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 | $52.2k | $17.40 |
| − Vacancy | −$3.2k | −$1.06 |
| EGI | $49.0k | $16.34 |
| − OpEx | −$14.7k | −$4.90 |
| NOI | $34.3k | $11.44 |
3,000 SF · lease $17.40/SF/yr · vacancy 6.08% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$490.3K
$429.0K – $572.0K
NOI $34,318 @ 7.0% cap · market cap 5.05%
Second Best
Apartment 5plus
$426.3K
$373.0K – $497.3K
NOI $29,838 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$774.0K
$677.3K – $903.0K
NOI $54,180 @ 7.0% cap · market cap 7.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Turn-key duplex with high occupancy potential near downtown Spokane.
Where is this duplex located?
The property is located at 917 E Providence Ave Spokane, WA.
What is the asking price?
The asking price for this property is $679,500.
What are key features of this property?
This property features: Brand‑new duplex under construction (year built 2026) with Ranch architectural style and composition roof; Each two‑level unit offers a 3‑bed/3‑bath layout; Approximately 1,500 SF per unit, with a dedicated laundry closet on the upper level
