Duplex
6028 N Lacey St · Spokane, WA
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $473 – $860
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $604 – $1,122
Heat risk 3/10 · Minor
- Hot days now (above 94°F)
- 7 days/yr
- Hot days in 30 yrs
- 14 days/yr
Wind risk 1/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 10/10 · Severe
- Unhealthy air days now
- 19 days/yr
- Unhealthy air days in 30 yrs
- 21 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the D- grade
The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).
- ARV discount +11.7/15.0
- Cash flow +7.1/30.0
- Schools +4.6/10.0
- Livability +4.0/5.0
- Condition / age +3.8/5.0
- Rent growth +2.5/5.0
- 1% rule +2.0/10.0
- DSCR +1.3/10.0
- Appreciation +0.0/10.0
$400,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Multi-family units
County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed
Listing remarks
Buyer available to occupy unit B ( effective September 1st, 2026) Turn key investment property offering Front and rear Duplex with a detached single car garage space for each unit. Over sized lot ready for your creative touches. Exterior paint and roof only two years old. The interiors have been nicely updated where it counts. Professionally managed and well maintained. Basements offer non egress room, family room, laundry area with a ton of storage as well.
Key facts
- Laundry area
- Over sized lot
- Family room
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 2 × 2-bed/1.0-bath units multifamily listed at $400k. Condition is rated good.
Deal economics
- At list price, monthly cash flow is $-560 ($-7k/yr) — negative. Per door: $-280/mo.
- To cash-flow at today's rent, offer at most $319k (20.3% below list).
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $279k (30.2% below list).
- Recommended offer: $279k (30.2% below list) — sets the bar for 1% rule.
- Cap rate 4.6% vs local median 3.2% in Spokane — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.
Location & tenants
- Location reads 80/100 on livability (#93 in WA, #1,822 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, housing A+; Watch: crime F.
- Spokane School District (urban): math 47% / reading 58% proficiency, ranked #136 of 291 in WA (top 47%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
- Zoned schools: Arlington Elementary (399 students, 84% FRL); Garry Middle School (569 students, 88% FRL); Rogers High School (1,536 students, 83% FRL) — zoned schools average 85% FRL vs 50% district-wide (35 pts higher); higher-poverty schools than district average — tighter screening recommended.
- Market conditions: 910 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals lingering (median 38d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 3,608 units permitted in Spokane County in 2024 (1,792 in 5+ unit buildings).
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $12k of value loss. Plan a longer hold.
- Spokane County population projected at +13% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
Negotiation context
- It's been on market 162 days — a 12% lower offer ($352k) is reasonable based on typical stale-listing flexibility.
- 5 sale attempts since 22y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
- Current owner paid $139k; list at $400k implies a 188% gain — meaningful room to come down on a strong offer.
Questions for the listing agent
- What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
- It's been on market 162 days. Have you received any prior offers? Is the seller open to a 30% concession, seller financing, or rate buy-down credit?
- Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
- What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
- Built in 1979 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
- Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
- The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
- What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
- What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
- How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.
Investment metrics
- 1% rule
- 0.70% ✗
- Cap rate
- 4.61%
- Cash-on-cash
- -6.00%
- DSCR
- 0.73
- GRM
- 11.9
CMA / ARV
- ARV (median comp)
- $440,787
- List price
- $400,000
- Delta
- -9.25%
- Verdict
- FAIR
- Comps
- 12 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 1524 E Crown Ave | 1.02mi | 4/2.0 | 2,556 (-23%) | 5mo | $399,950 | $156 | 36 |
| 5023 N Lacey St | 0.64mi | 5/2.0 (+1) | 2,576 (-23%) | 10mo | $350,000 | $136 | 32 |
| 7314 N Altamont St | 0.80mi | 3/2.0 (-1) | 2,553 (-23%) | 4mo | $340,000 | $133 | 32 |
| 1703 E Grassland Ct | 1.20mi | 4/3.0 | 2,638 (-21%) | 6mo | $467,500 | $177 | 31 |
| 6717 N Crestline St | 0.61mi | 4/1.0 | 2,712 (-18%) | 15mo | $310,000 | $114 | 30 |
| 3022 E Lincoln Rd | 1.12mi | 4/2.0 | 2,704 (-19%) | 13mo | $360,000 | $133 | 29 |
| 2603 E Wellesley Ave | 0.86mi | 5/3.0 (+1) | 2,708 (-19%) | 3mo | $400,000 | $148 | 29 |
| 5601/5603 N Morton St | 1.12mi | 4/4.0 | 3,696 (+11%) | 12mo | $425,000 | $115 | 29 |
| 1113 E Rowan Ave | 1.16mi | 5/3.0 (+1) | 2,589 (-22%) | 7mo | $425,000 | $164 | 25 |
| 1211 E Princeton Ave | 1.39mi | 5/2.0 (+1) | 2,688 (-19%) | 12mo | $325,000 | $121 | 25 |
| 2917 E Broad Ave | 0.79mi | 4/4.0 | 2,706 (-19%) | 10mo | $179,000 | $66 | 24 |
| 6923 N Hamilton St #6923 | 1.48mi | 3/3.0 (-1) | 2,544 (-24%) | 14mo | $350,000 | $138 | 20 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
-3.0% appreciation · 3.0% rent growth · sell at horizon
- IRR
- -26.6%
- Equity multiple
- 0.10×
- Total profit
- $-100,455
- Equity at exit
- $59,641
- IRR
- -23.9%
- Equity multiple
- -0.19×
- Total profit
- $-133,247
- Equity at exit
- $34,585
Cash invested: $112,000 (down + closing). Projections, not guarantees.
Landlord ↔ Tenant lean methodology
- Overall (STATE)
- 28 Tenant-Leaning
- State Washington
- 28 Tenant-Leaning · D+8
- County
- — inherits STATE
- City
- — inherits STATE
ZIP-level market 99208
- Active inventory
- 910
- Price-to-rent
- 23.9×
Monthly cashflow live
- Estimated rent
- $2,790 high interval (Pro) →
- Mortgage (P&I)
- −$2,098
- Tax est. 1.5%
- −$500 /mo · $6,000/yr
- Insurance
- −$167
- HOA
- −$0
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$586
- Net cashflow
- $-560
2-unit breakdown (identical units grouped — click to expand)
| Units | Beds | Baths | Est. rent |
|---|---|---|---|
| 2× units | 2 | 1 | $2,790 |
| #1 | 2 | 1 | $1,395 |
| #2 | 2 | 1 | $1,395 |
| Total (2 units) | $2,790 | ||
Break-even live
Sensitivity live
| Price | -10% $-284 | -5% $-422 | +0% $-560 | +5% $-698 | +10% $-837 |
|---|---|---|---|---|---|
| Rent | -10% $-781 | -5% $-670 | +0% $-560 | +5% $-450 | +10% $-340 |
| Rate | -1.0pp $-359 | -0.5pp $-458 | base $-560 | +0.5pp $-664 | +1.0pp $-769 |
UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt
Financing live
Cash to close
- Down payment
- $100,000
- Closing costs
- $12,000
- Club membership (one-time)
- —
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 6028 N Lacey St Unit B Spokane, WA | 2.0 | 1.0 | 1200 | $1,395 | $1.16 | 10d | 1 | 0.01mi |
| 6105 N Regal St Apt C Spokane, WA | 2.0 | 1.5 | 974 | $1,095 | $1.12 | 10d | 1 | 0.07mi |
| 6229 N Regal St Unit B Spokane, WA | 2.0 | 1.0 | 822 | $1,150 | $1.40 | 164d | 1 | 0.13mi |
| 2917 E Decatur Ave Unit 2923 Spokane, WA | 2.0 | 1.0 | 900 | $1,195 | $1.33 | 10d | 1 | 0.16mi |
| 2933 E Decatur Ave Unit 2935 Spokane, WA | 2.0 | 1.0 | 900 | $1,195 | $1.33 | 10d | 1 | 0.18mi |
| 2414 E Francis Ave Unit 1 Spokane, WA | 2.0 | 1.0 | 800 | $1,200 | $1.50 | 1d | 1 | 0.23mi |
| 2414 E Francis Ave Unit 1 Spokane, WA | 2.0 | 1.0 | 800 | $1,200 | $1.50 | 154d | 1 | 0.23mi |
| 3015 E Central Ave Apt 1 Spokane, WA | 2.0 | 1.0 | 736 | $1,000 | $1.36 | 164d | 1 | 0.23mi |
| 3015 E Central Ave Apt 4 Spokane, WA | 2.0 | 1.0 | 736 | $1,000 | $1.36 | 10d | 1 | 0.23mi |
| 2303 E Central Ave Spokane, WA | 3.0 | 1.0 | 1200 | $1,650 | $1.38 | 2d | 1 | 0.29mi |
| 2420 E Joseph Ave Spokane, WA | 3.0 | 2.5 | 1268 | $1,900 | $1.50 | 164d | 1 | 0.31mi |
| 2506 E Rowan Ave Unit 2508 Spokane, WA | 2.0 | 1.0 | 760 | $1,350 | $1.78 | 164d | 1 | 0.41mi |
| 5426 N Martin St Apt 1 Spokane, WA | 2.0 | 1.0 | 715 | $1,550 | $2.17 | 10d | 1 | 0.59mi |
| 5426 N Martin St Unit 3 Spokane, WA | 2.0 | 1.0 | 715 | $1,500 | $2.10 | 51d | 1 | 0.59mi |
| 5426 N Martin St Apt 1 Spokane, WA | 2.0 | 1.0 | 715 | $1,550 | $2.17 | 24d | 1 | 0.59mi |
| 1803 E Decatur Ave Spokane, WA | 3.0 | 1.0 | 1457 | $1,500 | $1.03 | 6d | 1 | 0.60mi |
| 2410 E Queen Ave Unit 2414 Spokane, WA | 2.0 | 1.0 | 850 | $1,100 | $1.29 | 51d | 1 | 0.65mi |
| 2927 E Olympic Ave Spokane, WA | 2.0 | 1.0 | 700 | $1,195 | $1.71 | 37d | 1 | 0.67mi |
| 1911 E Lyons Ave Unit 101 Spokane, WA | 3.0 | 2.0 | 1030 | $1,650 | $1.60 | 37d | 1 | 0.67mi |
| 1911 E Lyons Ave Spokane, WA | 2.0–3.0 | 1.0–2.0 | 925 | $1,350 | $1.46 | 28d | 3 | 0.67mi |
| 1911 E Lyons Ave Spokane, WA | 2.0 | 1.0 | 820 | $1,350 | $1.65 | 27d | 1 | 0.67mi |
| 1911 E Lyons Ave Spokane, WA | 2.0–3.0 | 1.0–2.0 | 925 | $1,400 | $1.51 | 2d | 1 | 0.67mi |
| 3018 E Olympic Ave Unit 1 Spokane, WA | 1.0 | 1.0 | 705 | $1,050 | $1.49 | 5d | 1 | 0.71mi |
| 1631 E Rowan Ave Spokane, WA | 2.0 | 1.0 | 949 | $1,195 | $1.26 | 51d | 1 | 0.82mi |
| 2628 E Wellesley Ave #1 Spokane, WA | 2.0 | 1.0 | 796 | $1,125 | $1.41 | 51d | 1 | 0.88mi |
| 2628 E Wellesley Ave #4 Spokane, WA | 2.0 | 1.0 | 796 | $1,095 | $1.38 | 34d | 1 | 0.88mi |
| 1307 E Bismark Ave Spokane, WA | 2.0 | 1.0 | 766 | $1,395 | $1.82 | 10d | 1 | 0.98mi |
| 4730 N Freya St Spokane, WA | 3.0 | 1.0 | 1304 | $1,900 | $1.46 | 154d | 1 | 1.00mi |
| 1910 E Wellesley Ave Unit 1912 Spokane, WA | 2.0 | 1.0 | 800 | $1,125 | $1.41 | 164d | 1 | 1.01mi |
| 1226 E North Ave Unit 1226 Spokane, WA | 3.0 | 1.0 | 1280 | $1,550 | $1.21 | 38d | 1 | 1.07mi |
| 1210 E Lyons Ave Spokane, WA | 2.0 | 1.5 | 1050 | $1,450 | $1.38 | 10d | 1 | 1.08mi |
| 3711 E Wellesley Ave Spokane, WA | 1.0 | 1.0 | 721 | $1,200 | $1.66 | 164d | 1 | 1.09mi |
| 3803 E Wellesley Ave Spokane, WA | 2.0 | 1.0 | 910 | $1,550 | $1.70 | 10d | 1 | 1.12mi |
| 2909 E Rockwell Ave Unit 2909 Spokane, WA | 2.0 | 1.0 | 1008 | $1,095 | $1.09 | 51d | 1 | 1.15mi |
| 910 E Holyoke Ave Spokane, WA | 2.0 | 1.0 | 985 | $1,425 | $1.45 | 10d | 2 | 1.27mi |
| 901 E Holyoke Ave Spokane, WA | 1.0–2.0 | 1.0 | 691 | $1,075 | $1.56 | 2d | 2 | 1.28mi |
| 1015 E Cozza Dr Apt 113 Spokane, WA | 2.0 | 2.0 | 1015 | $1,210 | $1.19 | 26d | 1 | 1.30mi |
| 1015 E Cozza Dr Unit 14 Spokane, WA | 2.0 | 1.0 | 902 | $1,110 | $1.23 | 164d | 1 | 1.30mi |
| 6980 N Nevada St Spokane, WA | 1.0–2.0 | 1.0 | 622 | $1,438 | $2.31 | 10d | 1 | 1.30mi |
| 824 E North Ave #830 Spokane, WA | 2.0 | 1.0 | 770 | $1,250 | $1.62 | 10d | 1 | 1.31mi |
Property features AI
Finance
- Financial info
- Two-unit property (total of 2 units)Multi-family rental income classReported water/sewer expense: $3,936
- HOA & community
- No association amenities
Exterior
- Parking
- Detached 2-car garageRV access/parkingAdditional off-site parkingTotal parking for 2 vehicles
- Utilities
- Water/sewer expense listed for property
- Home design
- Residential income propertyOne-story structure
- Construction
- Wood sidingComposition roof
- Exterior features
- PatioLevel, oversized lotPaved road and city street frontage
Interior
- Kitchen
- Free-standing rangeDishwasherRefrigerator
- Bedrooms
- Two 2-bedroom units (each unit has 2 bedrooms)
- Bathrooms
- Each unit has 1 bathroom
- Heating & cooling
- Electric heatingBaseboard heatDuctless cooling/heating
- Interior features
- Finished full basement with recreation/family area and rough-in for bedroomLaundry area in basement
- Laundry & utility
- Basement laundry area
Listing history 50 events
-
2026-10-31days on market $400,000 Active 162 DOM
-
2026-10-30days on market $400,000 Active 161 DOM
-
2026-10-29days on market $400,000 Active 160 DOM
-
2026-10-28days on market $400,000 Active 159 DOM
-
2026-10-27days on market $400,000 Active 158 DOM
-
2026-10-26days on market $400,000 Active 157 DOM
-
2026-10-25days on market $400,000 Active 156 DOM
-
2026-10-24days on market $400,000 Active 155 DOM
-
2026-10-23days on market $400,000 Active 154 DOM
-
2026-10-22days on market $400,000 Active 153 DOM
-
2026-10-21days on market $400,000 Active 152 DOM
-
2026-10-20days on market $400,000 Active 151 DOM
-
2026-10-19days on market $400,000 Active 150 DOM
-
2026-10-18days on market $400,000 Active 149 DOM
-
2026-10-17days on market $400,000 Active 148 DOM
-
2026-10-16days on market $400,000 Active 147 DOM
-
2026-10-15days on market $400,000 Active 146 DOM
-
2026-10-14days on market $400,000 Active 145 DOM
-
2026-10-13days on market $400,000 Active 144 DOM
-
2026-10-12days on market $400,000 Active 143 DOM
-
2026-10-11days on market $400,000 Active 142 DOM
-
2026-10-10days on market $400,000 Active 141 DOM
-
2026-10-09days on market $400,000 Active 140 DOM
-
2026-10-08days on market $400,000 Active 139 DOM
-
2026-10-07days on market $400,000 Active 138 DOM
-
2026-10-06days on market $400,000 Active 137 DOM
-
2026-10-05days on market $400,000 Active 136 DOM
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2026-10-04days on market $400,000 Active 135 DOM
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2026-10-03days on market $400,000 Active 134 DOM
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2026-10-02days on market $400,000 Active 133 DOM
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2026-10-01days on market $400,000 Active 132 DOM
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2026-09-30days on market $400,000 Active 131 DOM
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2026-09-29days on market $400,000 Active 130 DOM
-
2026-09-28days on market $400,000 Active 129 DOM
-
2026-09-27days on market $400,000 Active 128 DOM
-
2026-09-25days on market $400,000 Active 126 DOM
-
2026-09-24days on market $400,000 Active 125 DOM
-
2026-09-23days on market $400,000 Active 124 DOM
-
2026-09-22days on market $400,000 Active 123 DOM
-
2026-09-21days on market $400,000 Active 122 DOM
-
2026-09-20days on market $400,000 Active 121 DOM
-
2026-09-19days on market $400,000 Active 120 DOM
-
2026-09-18days on market $400,000 Active 119 DOM
-
2026-09-17days on market $400,000 Active 118 DOM
-
2026-09-16days on market $400,000 Active 117 DOM
-
2026-09-15days on market $400,000 Active 116 DOM
-
2026-09-14days on market $400,000 Active 115 DOM
-
2026-09-13days on market $400,000 Active 114 DOM
-
2026-09-12days on market $400,000 Active 113 DOM
-
2026-09-11days on market $400,000 Active 112 DOM
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Climate risk First Street
- Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 3/10 Moderate 7 d/yr ≥94°F today · 14 d/yr by 30 yrs out
- Wind 1/10 Low
- Air quality 10/10 Extreme 19 unhealthy d/yr today · 21 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $33,480
- − Mortgage interest
- −$22,406
- − Property taxes
- −$6,000
- − Insurance
- −$2,000
- − Repairs & maintenance
- −$2,678
- − Management
- −$2,678
- − Depreciation
- −$11,636
- Taxable loss
- −$13,919
- Est. tax savings @ 24.0%
- +$3,341
- After-tax cash flow
- $-3,382/yr
For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.
Condition & rehab AI · 1 photo
This turn-key investment property offers a well-maintained and updated interior with fresh curb appeal. Minor updates to exterior and landscaping would significantly enhance its value.
Value-add opportunities
- Both Painting exterior and interior — Fresh paint enhances curb appeal and interior aesthetics ↑
- Both Landscaping improvements — Enhances curb appeal and can attract more tenants/investors ↑
- Both Upgrade HVAC system — Modernizes system and improves comfort and energy efficiency ↑
ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.
Zoned Schools
Schools (NCES district)
- District
- Spokane School District
- NCES district ID
- 5308250
- Math proficiency
- 47% ▲ 1.00%
- Reading proficiency
- 58% ▲ 1.00%
- Median HH income
- $43,187
- Composite
- 46.1/100
- National rank
- #5477
- State rank
- #136 of 291 in WA
Livability — Spokane
- Score
- 80/100
- State rank
- #93
- US rank
- #1822
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Spokane, WA
- County
- Spokane County · 531,314 people
- City population
- 298,820
- Metro
- Spokane-Spokane Valley, WA
- Population (ZIP)
- 58,669
- Household income
- $88,599
- Rent vs Own
- Severe rent burden
- 17% of renters
Population outlook (Spokane County) Hauer SSP2
- Today (2025)
- 531,314 people
- By 2030
- 549,278 · +3.4%
- By 2040
- 577,822 · +8.8%
- By 2050
- 598,188 · +12.6%
- By 2075
- 630,744 · +18.7%
- By 2100
- 622,360 · +17.1%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Predominantly White (83%)
- Race & ethnicity
- White 83% Two or more races 7% Hispanic / Latino 5% Black 2% Asian 2% Pacific Islander 1%
- Hispanic origin (detail)
- Mexican 4%
- Languages at home
- 93% English-only · Spanish 2% Russian/Polish/Slavic 1% Other Asian/Pacific 1%
Political lean MEDSL · Spokane
- 2024 margin
- Toss-up / Even · D 46.0% · R 51.0% · Other 3.0%
- 2008→2024 swing
- -3.8pp toward R · 2008: -1.1pp · 2024: -5.0pp
- All cycles
- 2024: R+5.0 2020: R+4.3 2016: R+8.3 2012: R+6.3 2008: R+1.1
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▼ -392.58%
- Current HPI
- 324.2299
- Rent YoY
- —
- Metro
- —
- State GDP YoY
- ▲ 4.65%
- F500 in state
- 22
Industry mix (Fortune 500 HQ in WA)
| Industry | F500 HQs | Revenue |
|---|---|---|
| Retail | 2 | $269B |
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| Technology / Retail | 1 | $638B |
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| Technology | 1 | $245B |
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| Telecommunications | 1 | $38B |
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| Food / Beverage | 1 | $36B |
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| Automotive / Trucks | 1 | $34B |
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Price history
+189.9% since first listed10 events — show timeline
- 2026-05-22 Listed $400,000 SPOKANEMLS as Distributed by MLS Grid
- 2025-07-01 Listing Removed — SPOKANEMLS as Distributed by MLS Grid
- 2025-01-25 Price Changed $445,000 SPOKANEMLS as Distributed by MLS Grid
- 2024-10-23 Listed $459,900 SPOKANEMLS as Distributed by MLS Grid
- 2024-04-10 Rental Removed $1,295 APPFOLIO
- 2024-03-19 Listed for Rent $1,295 APPFOLIO
- 2024-03-10 Price Changed $484,000 SPOKANEMLS as Distributed by MLS Grid
- 2024-02-12 Listed $499,000 SPOKANEMLS as Distributed by MLS Grid
- 2005-04-11 Sold (MLS) $139,000 SPOKANEMLS as Distributed by MLS Grid
- 2004-12-03 Listed $138,000 SPOKANEMLS as Distributed by MLS Grid
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…