8-Unit Apartment
For Sale
$895,000
943 Augusta, Spokane, WA 99207
Eight one-bedroom, one-bath residences offer a straightforward multifamily configuration.
Property Size5,280 SF
Price / SF$169.51
Days on Market20
Property Features for 943 Augusta
General Information
Standard status
Active
Size
5,280 SF
Property subtype
Multi Family Home
Units
Unit Mix
8 x 1BR/1BA
Multifamily Units
8
Additional Details
Gross Income
$96,900
Amenities
Garage: Off Site
Garage Spaces: 0
Off Site
Building Details
Year Built
1964
Listing Agency:
LT Real Estate
Listed By:
Dallas Lightner · License #26840
(509) 315-8720
Source:
Clearwaterproperties
Added: Sep 18
Changed: Oct 6
Last Checked: Oct 5 at 6:03PM
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
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.
Property Analytics
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Open Analytics
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
557
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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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
