Renovated
New
For Sale
$319,000
975 N ELM St, Colville, WA 99114
Multi Family, Contemporary, COLVILLE, WA
Property Size1,325 SF
Lot Size0.25 Acres
Price / SF$240.75
Days on Market1
Property Features for 975 N ELM St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Parking Lot
Directions
From Highway 395 N/Main St. Right on 6th Ave. Left on Elm St. Look for sign on the Left.
Subdivision
S1 - Colville
Standard status
Active
APN
0047100
Size
1,325 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Description
COLVILLE CORBINS LOTS 1-3 BLK 8
Legal Description
COLVILLE CORBINS LOTS 1-3 BLK 8
Utilities
Heating system
Electric (Heating)
Building Details
Year built
1947
Roof type
Metal
Architectural style
Contemporary
Listing Agency:
RE/MAX SELECT ASSOCIATES · RE/MAX International
(509) 684-1000
Listed By:
Mindy Courson · License #115548
(509) 237-4084
Added: Oct 17
Last Checked: Oct 17 at 10:06PM
MLS# 46525
Copyright © 2026 Northeast Washington Association of Realtor MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This duplex contains 1,325 square feet and sits on a 0.25-acre lot. The building was constructed in 1947 and has a contemporary architectural style. Renovations are noted, along with an updated exterior fence.
Electric heating, a metal roof, and a parking lot are among the property’s recorded features. Located in Colville, Washington, the duplex is offered for sale.
Electric heating, a metal roof, and a parking lot are among the property’s recorded features. Located in Colville, Washington, the duplex is offered for sale.
Key Highlights
- 1,325‑square‑foot duplex on a 0.25‑acre lot
- Built in 1947 with contemporary architectural style
- Renovations and an updated exterior fence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,157
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$303,140
$303.1K
Cap Rate 7%
$216,529
$216.5K
Cap Rate 9%
$168,411
$168.4K
Market Conditions
NOI Build-Up for 1,325 SF
Gross rent
$23.1K $17.40/SF
− Vacancy
−$1.4K −$1.06/SF
EGI
$21.7K $16.34/SF
− OpEx
−$6.5K −$4.90/SF
NOI
$15.2K $11.44/SF
Area
Stevens County, WA
Vacancy
6.08%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$303,140
Cap Rate 7%
$216,529
Cap Rate 9%
$168,411
Alternative Uses
Best Use
Multifamily LT 5
$216.5K
$189.5K – $252.6K
NOI $15,157 @ 7.0% cap · market cap 4.75%
Second Best
Apartment 5plus
$188.3K
$164.7K – $219.6K
NOI $13,178 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$341.9K
$299.1K – $398.8K
NOI $23,930 @ 7.0% cap · market cap 7.50%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
192
Businesses Nearby
Explore this area
Business Placement
Demographics for 99114, WA
12,649
Population
6,154
Households
2.1
Avg Household Size
49
Median Age
23%
College-Educated
91%
High-School Grad
718.5 sq mi
ZIP Area
18
Density / Sq Mi
$61,891
Median Household Income
$45,164
Median Earnings
$916
Median Rent
$268,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - The property includes electric heating, a metal roof, and parking lot access on a quarter-acre parcel.
Where is this duplex located?
The property is located at 975 N ELM St Colville, WA.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: 1,325‑square‑foot duplex on a 0.25‑acre lot; Built in 1947 with contemporary architectural style; Renovations and an updated exterior fence
