North Spokane
For Sale
$575,000
9907 Waikiki, Spokane, WA 99218
Income-producing residential property near Whitworth University in North Spokane.
Property Size2,996 SF
Price / SF$191.92
Days on Market49
Property Features for 9907 Waikiki
General Information
Standard status
Active
Size
2,996 SF
Property subtype
Multi Family Home
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,835
Amenities
Garage: None
Garage Spaces: 0
Style: Traditional
Traditional
Building Details
Year Built
1966
Buildings
1
Listing Agency:
Upward Advisors
Listed By:
John Leland · License #50182
(509) 994-6767
Source:
Clearwaterproperties
Added: Aug 19
Changed: Oct 6
Last Checked: Oct 5 at 6:38PM
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 Upward Advisors
Investment Insights
Based on property information with market context.
This duplex at 9907 Waikiki in Spokane, Washington, provides 2,996 square feet of residential space within a two-unit configuration. The property was built in 1966 and features a traditional exterior design.
The property is located in North Spokane near Whitworth University, placing it within an established university-area rental setting. Its duplex format offers separate residential units at a single address.
The property is located in North Spokane near Whitworth University, placing it within an established university-area rental setting. Its duplex format offers separate residential units at a single address.
Key Highlights
- 2,996‑square‑foot duplex
- Built in 1966
- Located near Whitworth University
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,273
Cap Rate
5.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$685,460
$685.5K
Cap Rate 7%
$489,614
$489.6K
Cap Rate 9%
$380,811
$380.8K
Market Conditions
NOI Build-Up for 2,996 SF
Gross rent
$52.1K $17.40/SF
− Vacancy
−$3.2K −$1.06/SF
EGI
$49.0K $16.34/SF
− OpEx
−$14.7K −$4.90/SF
NOI
$34.3K $11.44/SF
Area
Spokane, 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%
$685,460
Cap Rate 7%
$489,614
Cap Rate 9%
$380,811
Alternative Uses
Best Use
Multifamily LT 5
$489.6K
$428.4K – $571.2K
NOI $34,273 @ 7.0% cap · market cap 5.96%
Second Best
Apartment 5plus
$425.7K
$372.5K – $496.6K
NOI $29,798 @ 7.0% cap · market cap 5.18%
Theoretical Best
Office A
$773.0K
$676.4K – $901.8K
NOI $54,108 @ 7.0% cap · market cap 9.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
414
Businesses Nearby
Explore this area
Business Placement
Demographics for 99218, WA
15,591
Population
6,464
Households
2.4
Avg Household Size
38
Median Age
37%
College-Educated
96%
High-School Grad
6.8 sq mi
ZIP Area
2,293
Density / Sq Mi
$73,723
Median Household Income
$40,854
Median Earnings
$1,147
Median Rent
$404,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Income-producing residential property near Whitworth University in North Spokane.
Where is this duplex located?
The property is located at 9907 Waikiki Spokane, WA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 2,996‑square‑foot duplex; Built in 1966; Located near Whitworth University
