2302 Northwest Blvd Spokane, WA 99205
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.