Duplex with Attached
For Sale
$659,000
419 E, Deer Park, WA 99006
Each residence includes a fenced backyard and granite counters, subway tile, and durable flooring.
Property Size2,884 SF
Price / SF$228.50
Days on Market116
Property Features for 419 E
General Information
Standard status
Active
Size
2,884 SF
Property subtype
Multi Family Home
Amenities
Garage: Attached
Garage Spaces: 2
Style: Traditional
Traditional
Attached
2
Building Details
Year Built
2021
Listing Agency:
Kelly Right Real Estate of Spokane
(509) 879-6377
Listed By:
Jared Urbick · License #95551
Source:
Clearwaterproperties
Added: May 7
Changed: Aug 29
Last Checked: Aug 29 at 6:20AM
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 Kelly Right Real Estate of Spokane
Investment Insights
Based on property information with market context.
Built in 2021, this 2,884-square-foot duplex contains two residences, each offering 1,442 square feet of living area. Both units feature three bedrooms, 2.5 bathrooms, an open-concept arrangement, and a primary suite with its own bathroom. Interior finishes include granite countertops, subway tile backsplashes, and durable flooring.
Each residence also has an attached garage and a private, fully fenced backyard. The property is located at 419 E E St in Deer Park, Washington, within a quiet residential neighborhood.
Each residence also has an attached garage and a private, fully fenced backyard. The property is located at 419 E E St in Deer Park, Washington, within a quiet residential neighborhood.
Key Highlights
- Two‑unit duplex totaling 2,884 square feet
- Each unit provides 1,442 square feet, 3 bedrooms, and 2.5 bathrooms
- Built in 2021
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,010
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$640,200
$640.2K
Cap Rate 7%
$457,286
$457.3K
Cap Rate 9%
$355,667
$355.7K
Market Conditions
NOI Build-Up for 2,884 SF
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.
Gross rent
$49.5K $17.16/SF
− Vacancy
−$3.8K −$1.30/SF
EGI
$45.7K $15.86/SF
− OpEx
−$13.7K −$4.76/SF
NOI
$32.0K $11.10/SF
Area
Spokane County, WA
Vacancy
7.60%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$640,200
Cap Rate 7%
$457,286
Cap Rate 9%
$355,667
Alternative Uses
Best Use
Multifamily LT 5
$457.3K
$400.1K – $533.5K
NOI $32,010 @ 7.0% cap · market cap 4.86%
Second Best
Apartment 5plus
$420.3K
$367.8K – $490.3K
NOI $29,420 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$666.4K
$583.1K – $777.5K
NOI $46,649 @ 7.0% cap · market cap 7.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
31
Businesses Nearby
Explore this area
Business Placement
Demographics for 99006, WA
13,711
Population
5,287
Households
2.6
Avg Household Size
43
Median Age
16%
College-Educated
94%
High-School Grad
164.1 sq mi
ZIP Area
84
Density / Sq Mi
$65,375
Median Household Income
$41,198
Median Earnings
$970
Median Rent
$366,600
Median Home Value
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 - Each residence includes a fenced backyard and granite counters, subway tile, and durable flooring.
Where is this duplex located?
The property is located at 419 E Deer Park, WA.
What is the asking price?
The asking price for this property is $659,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,884 square feet; Each unit provides 1,442 square feet, 3 bedrooms, and 2.5 bathrooms; Built in 2021
