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Property profile & analytics
OFF-MARKET
Residential income homes

2302 Northwest Blvd Spokane, WA 99205

1,440 SF Built 1931
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents a charming 1-story, 1,440 square foot duplex located in the desirable Northwest Spokane neighborhood of Spokane, Washington. Built in 1931, this Class C property boasts two units, each featuring one bedroom and one bathroom. Currently generating a strong net operating income (NOI) of $18,000, representing a 9% capitalization rate, this property offers significant upside potential due to below-market rents. The asking price is $199,900, translating to $138.82 per square foot and $99,950 per unit. The property is offered for sale by owner and features seller financing options. These options include a minimum 20% down payment, a 9.9% interest rate, a 30-year amortization schedule, and a 5-year balloon payment. This attractive financing is subject to seller underwriting and credit approval. The property's APN is 25122.1605. This is an ideal opportunity for owner-users seeking a strong return on investment or savvy investors looking to add a cash-flowing asset to their portfolio. The property's location in Spokane, WA, offers convenient access to local amenities and services. Don't miss this chance to acquire a well-positioned duplex with substantial growth potential.

Property profile
Verified
Property type Residential income homes
Year built 1931
Total area 1,440 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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