Duplex with Attached Two-Car
9724 N Wall St Spokane, WA 99218
New
For Sale
$507,500
Pending
Well-maintained duplex features brick exterior and two-car attached garages with separately metered utilities.
Property Size4,500 SF
Days on Market5
Property Features for 9724 N Wall St
General Information
- Standard status
- Pending
- Size
- 4,500 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1984
Listing Agency:
LT Real Estate
(360) 518-9381
Listed By:
Derek Raivio · License #21030903
Source:
Clearwaterproperties
Added: Jul 19
Changed: Jul 23
Last Checked: Jul 23 at 11:44AM
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 duplex offers a clean, spacious, and well-maintained layout with a solid brick exterior. Each unit includes an attached two-car garage and a 2,250 sq ft floor plan with 3 bedrooms, 2 bathrooms, and 1 den. Units are separately metered, supporting convenient management and independent utility tracking.
Located in North Spokane, the property sits just south of Whitworth University. The two units have established rental history based on the information provided.
The configuration provides two distinct residential units within a durable brick building, with attached parking for each unit and separate metering for added operational convenience.
Located in North Spokane, the property sits just south of Whitworth University. The two units have established rental history based on the information provided.
The configuration provides two distinct residential units within a durable brick building, with attached parking for each unit and separate metering for added operational convenience.
Key Highlights
- Duplex built in 1984 with a solid brick exterior
- Each unit offers an attached two‑car garage and separate utilities (separately metered)
- Both units feature the same 2,250 sq ft layout with 3 bedrooms, 2 bathrooms, and 1 den
Financial Insights For Apartment 5plus
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 | $86.9k | $19.32 |
| − Vacancy | −$5.6k | −$1.24 |
| EGI | $81.4k | $18.08 |
| − OpEx | −$36.6k | −$8.14 |
| NOI | $44.8k | $9.95 |
4,500 SF · lease $19.32/SF/yr · vacancy 6.40% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$735.4K
$643.5K – $858.0K
NOI $51,478 @ 7.0% cap · market cap 10.14%
Second Best
Apartment 5plus
$639.4K
$559.5K – $746.0K
NOI $44,757 @ 7.0% cap · market cap 8.82%
Theoretical Best
Office A
$1.16M
$1.02M – $1.35M
NOI $81,270 @ 7.0% cap · market cap 16.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Well-maintained duplex features brick exterior and two-car attached garages with separately metered utilities.
Where is this duplex located?
The property is located at 9724 N Wall St Spokane, WA.
What is the asking price?
The asking price for this property is $507,500.
What are key features of this property?
This property features: Duplex built in 1984 with a solid brick exterior; Each unit offers an attached two‑car garage and separate utilities (separately metered); Both units feature the same 2,250 sq ft layout with 3 bedrooms, 2 bathrooms, and 1 den
