8-Unit Apartment
943 Augusta, Spokane, WA 99207
For Sale
$895,000
Eight one-bedroom, one-bath residences offer a straightforward multifamily configuration.
Property Size5,280 SF
Price / SF$169.51
Days on Market57
Property Features for 943 Augusta
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Gross Income
Amenities
Garage: Off Site
Garage Spaces: 0
Off Site
Building Details
Year Built
Listing Agency:
LT Real Estate
Listed By:
Dallas Lightner · License WA #26840
(509) 315-8720
Source:
Clearwaterproperties
Added: Sep 18
Changed: Nov 12
Last Checked: Nov 12 at 8:33AM
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 LT Real Estate
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Investment Insights
Based on property information with market context.
This multifamily property contains 8 one-bedroom, one-bath apartments within 5,280 square feet. Built in 1964, the building provides an established residential income configuration with eight separately identified units.
The property is located at 943 Augusta in Spokane, Washington 99207. Its unit count, apartment layout, and existing rental operation provide a clearly defined multifamily asset for continued ownership or portfolio expansion.
The property is located at 943 Augusta in Spokane, Washington 99207. Its unit count, apartment layout, and existing rental operation provide a clearly defined multifamily asset for continued ownership or portfolio expansion.
Key Highlights
- 8‑unit multifamily property
- Eight one‑bedroom, one‑bath units
- 5,280 square feet of property size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,515
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,050,300
$1.1M
Cap Rate 7%
$750,214
$750.2K
Cap Rate 9%
$583,500
$583.5K
Market Conditions
NOI Build-Up for 5,280 SF
Gross rent
$102.0K $19.32/SF
− Vacancy
−$6.5K −$1.24/SF
EGI
$95.5K $18.08/SF
− OpEx
−$43.0K −$8.14/SF
NOI
$52.5K $9.95/SF
Area
Spokane, WA
Vacancy
6.40%
Lease Rate
$19.32 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,050,300
Cap Rate 7%
$750,214
Cap Rate 9%
$583,500
Alternative Uses
Best Use
Apartment 5plus
$750.2K
$656.4K – $875.3K
NOI $52,515 @ 7.0% cap · market cap 5.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,357 @ 7.0% cap · market cap 10.65%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
557
Businesses Nearby
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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
$246,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Spokane, WA
Properties on Market for Apartment buildings in Spokane
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Eight one-bedroom, one-bath residences offer a straightforward multifamily configuration.
Where is this apartment building located?
The property is located at 943 Augusta Spokane, WA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 8‑unit multifamily property; Eight one‑bedroom, one‑bath units; 5,280 square feet of property size
