Townhouse-Style Duplex
922 S Evergreen Rd Spokane Valley, WA 99037
922 S Evergreen Rd, Spokane Valley, WA, 99037
$625,000
For Sale
$625,000
Townhouse-style duplex with gas forced-air heat, central air, fireplaces, patios, and fenced yards for each side.
Property Size2,880 SF
Price / SF$217.01
Days on Market19
Property Features for 922 S Evergreen Rd
General Information
- Standard status
- Active
- Size
- 2,880 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 2014
Listing agency
Windermere Valley
(509) 991-0741
Listed by
Rebecca Ruark · License #24024536
Source
Clearwaterproperties
Added: Jul 4 Updated: Jul 22 at 9:33AM Checked: Jul 22 at 9:33AM
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 Windermere Valley
Investment Insights
Based on property information with market context.
This townhouse-style duplex features two 3-bedroom, 2.5-bath homes, each with gas forced-air heat, central air conditioning, and a gas fireplace. Both sides include private covered back patios, sprinkler systems, and fully fenced backyards, along with parking supported by attached two-car garages and an expansive shared driveway.
The property is in Spokane Valley and is described as being on a bus route with convenient access to area arterials, I-90, and shopping.
Each side is described as having a similar layout and well-maintained, nicely updated condition, supporting either an investor or an owner-occupant approach.
The property is in Spokane Valley and is described as being on a bus route with convenient access to area arterials, I-90, and shopping.
Each side is described as having a similar layout and well-maintained, nicely updated condition, supporting either an investor or an owner-occupant approach.
Key Highlights
- Townhouse‑style duplex built in 2014 with 2‑car attached garages (2 garage spaces).
- Each side offers 3 bedrooms and 2.5 baths with 1,440 SF per unit.
- Gas forced‑air heat plus central air conditioning for each unit.
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 | $38.0k | $13.20 |
| − Vacancy | −$2.3k | −$0.81 |
| EGI | $35.7k | $12.39 |
| − OpEx | −$10.7k | −$3.72 |
| NOI | $25.0k | $8.67 |
2,880 SF · lease $13.20/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$356.7K
$312.1K – $416.2K
NOI $24,969 @ 7.0% cap · market cap 4.00%
Second Best
Apartment 5plus
$330.1K
$288.8K – $385.1K
NOI $23,104 @ 7.0% cap · market cap 3.70%
Theoretical Best
Office A
$625.6K
$547.4K – $729.9K
NOI $43,794 @ 7.0% cap · market cap 7.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Townhouse-style duplex with gas forced-air heat, central air, fireplaces, patios, and fenced yards for each side.
Where is this duplex located?
The property is located at 922 S Evergreen Rd Spokane Valley, WA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Townhouse‑style duplex built in 2014 with 2‑car attached garages (2 garage spaces).; Each side offers 3 bedrooms and 2.5 baths with 1,440 SF per unit.; Gas forced‑air heat plus central air conditioning for each unit.
