Property Details
520 E Wabash Avenue
Spokane, WA 99207
$475,000
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Property Overview
8.5% In-Place Cap Rate | $3,800/Month Rental Income | Low $500/Month Operating Expenses | Rare 8 Bed Duplex North Spokane duplex generating $3,800 per month in rental income with long-term tenants paying $1,900 per unit. Rarely do duplexes offer two oversized 4 bedroom, 2 bathroom units, creating strong tenant demand and long-term rental stability. With approximately $500 per month in operating expenses and a projected 9% cash-on-cash return, this property delivers strong returns from day one. Additional upside exists through cosmetic improvements, exterior updates, and future rent growth. Conveniently located near schools, shopping, services, and major Spokane corridors, this is a strong value-add opportunity with stable income and multiple paths to future appreciation.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Spokane
Neighborhood
Spokane
Listed
May 8, 2026
Original Price
$500,000
Structure Type
Duplex
Parcel Number
36323.1607
Tax & HOA
Annual Property Tax
$3,971 (2026)
Est. Monthly Tax
$331/mo
Financial Summary
Cap Rate
8.03%
Net Operating Income
$40,169
Gross Scheduled Income
$51,000
Gross Rent Multiplier
9.92
Total Expenses
$7,555
Building & Use
Building Sq Ft
3,400
Leasable Area
3,400 sqft
Total Units
2
Zoning
Residential
Possible Use
Residential
Lot Size
5,227 sqft
Year Built
1976
Exterior & Lot
Lot Size
0.12 sqft
Year Built
1976
Exterior Materials
Brick
Sewer
Sewer Connected
Water Source
Community
Exterior Features
Brick
Community & Access
Directions
Turn north from E Wellesley Ave. Turn east on E Wabash Ave and the duplex is on the south side of the road.
Location
City
Spokane
County
Spokane
Coordinates
47.70199, -117.40221
Additional Information
Tax Year
2026
Annual Taxes
$3,971
Possession
Array
Based on information submitted to the MLS GRID as of July 29, 2026 2:20 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
