6017 Driscoll Blvd Spokane, WA 99205
This exceptional investment opportunity presents a meticulously maintained, single-family rental property located at 6017 N Driscoll Blvd., Spokane, WA 99205. Boasting a spacious 2,050 square feet, this two-story home features four bedrooms and two bathrooms, offering ample living space for tenants. Recent renovations in 2022 included kitchen and bathroom updates, fresh paint, a new furnace, and a new water heater, ensuring both comfort and low maintenance for the owner. The property also includes two living rooms, adding to its appeal. Outdoor amenities are equally impressive, with a fully fenced backyard featuring mature grape vines, a chicken coop, and ample space for recreational vehicles or other equipment. Its convenient location in the Shadle area provides easy access to schools, shopping centers, the VA hospital, and the Dwight Merkel Sports complex. Currently rented at 100% occupancy, this property generates a strong net operating income (NOI) of $21,540, resulting in a 5.90% cap rate. The asking price is $364,899, representing a price per square foot of $178 and a price per unit of $364,899. Built in 1951, this Class C property represents a solid investment opportunity in a desirable Spokane location. The property is a net lease investment. Ten minutes from a boat launch and ORV park.
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.