9907 - 9925N Waikiki Rd
Spokane WA 99218
Whitworth Duplexes Portfolio
9907 - 9925N Waikiki Rd Spokane WA 99218
Listing #: 695169 | Status: Available | Last Modified: 4/9/2026 |
For Sale
- Email:John@JohnLeland.com
- Office Name:Upward Advisors
- Office Phone:(509) 808-0302
- Office Website:www.JohnLeland.com
- Call Listing AgentNo
- Use DiscretionNo
SEE_NOTES
- Listing Price$ 3,125,000.0
- $/SF$ 206.7
- $/Unit$ 3,125,000.0
- Listing StatusAvailable
- Days on Market395
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income230,400
- Vacancy Factor %4.00%
- Operating Expenses69,892
- Net Operating Income151,292
- CAP Rate 5.14 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- CAP Rate 5.14 %
- Building StatusExisting
- # of Buildings5
- # of Floors2
- # of Units
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF15122
- Net Rentable Area0
- Total Office SF
- Largest Contiguous SF
- Lot SF51463
- Acres1.18
- Property TypeMulti-Family
- Office Type
- Building Class
- CountySpokane
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaNorth Spokane County
- Tax ID #36183.0418
- Additional Parcels36183.0401, 36183.0402, 36183.0403, 36183.0405
- ZoningLDR
- Year Built1966
- Year Renovated
- Completion Date
- Roof Type
- Construction Type
Whitworth Duplex Portfolio
Phenomenal investment opportunity moments from Whitworth University in North Spokane. This portfolio of 5 duplexes inclusive of 44 bedrooms across the ten rental units grossing an average of $20,000/month. Rarely does an active portfolio like this become available in such a desirable rental location. This is a prime candidate for reinvestment of 1031 money in today's market, as the market is prime for continuing gains in property value and rental increases under new management and as the university term resets.
