420 E Euclid Ave

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420 E Euclid Ave

Spokane, WA 99207
Asking Price
$700K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Located in the city of Spokane, Washington
  • Newly constructed duplex apartment building for sale
  • Total of two residential dwelling units available
  • Each unit features three bedrooms and 2.5 bathrooms
  • Asking price for the asset is $699,999

What's Special

Spokane serves as a primary hub for commerce and residential growth in Eastern Washington. This multifamily asset at 420 E Euclid Ave positions investors within a well-established submarket that benefits from consistent housing demand. The property functions as a newly constructed duplex, providing a streamlined addition to a portfolio in an area characterized by its steady population and proximity to regional transit arteries. Each of the two units offers a three-bedroom, 2.5-bathroom configuration. Given the interior layout and modern construction, these units are suited for long-term residential leasing. The current market conditions in the Inland Northwest continue to support multifamily demand, making this an functional acquisition for operators seeking turn-key inventory in a stable neighborhood.

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NOI
$80,000
Cap Rate
11.43%
DSCR
1.92
Strong
Cash-on-Cash
18.31%
Monthly Payment
$3,463.213
Annual Cash Flow
$38,441.443

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