$589,500

12123 E 22nd Ave

Spokane Valley, WA 99206

Listed by Chris Nye, MLS4owners.com

Units
2
Built
1968
Size
4,032 sq ft
On market
111 days
Layout
side by side
Cap rate~5.1%
Cash-on-cash~-5.7%
Cash flow−$766
Aaron Beal

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Purchase details

Purchase price
Closing costs 2.5%
Repairs and remodel

Loan details

Down payment
Interest rateour standard rate

Rents

Rents coming in⁠not on the MLS, confirmed with the listing agent

Expenses

Principal & interest3,253
Property tax 2026⁠Left blank
Insurance⁠No spot on MLS
Sewer⁠Left blank
Water⁠Left blank
Garbage⁠No spot on MLS
Left over after mortgage and expenses178

Set aside

Vacancy
Maintenance
Capital repairs
Management
Set aside for vacancy and maintenance589

What is left

Cash left over each month−$766

The units

UnitBedsBathsSq ftRent / moRentometerestimatedRentCastestimated
1322,016$2,093estimated Rentometer $2,169 · RentCast $2,100$2,169$2,100
2322,016$1,950estimated Rentometer $2,169 · RentCast $2,100$2,169$2,100

These 2 units add up to $4,043 a month. Those rents were part posted in the MLS, part confirmed with the listing agent.

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Every figure above is the same one Beal Estate NW works from — the same cap rate, the same cash flow, the same ledger. What a free account adds is the ability to change them, and the four things below.

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About the building

Beautifully updated large duplex with privately-fenced backyards. This is an investment opportunity like no other. This duplex is nestled in a quiet and desired family-friendly neighborhood in the Spokane Valley with no other duplexes on the street. These units include granite and marble countertops, porcelain kitchen flooring, newer appliances, LVP flooring, updated vinyl windows and patio doors, updated bathrooms, updated kitchens, storage shed, and a gas fireplace. Both units feature high efficiency gas furnaces, large patios with fire pits, perennial flowers, sprinkler system on wifi, wifi thermostats, separate garages, and AC upstairs. Owens Corning 50-year warranty roof installed in 2023. 3 beds and 2 baths on each side with an additional bonus room that can serve as a second living room, home theater, gym, office, or it can be converted into a 4th spacious bedroom. Currently on long-term leases for both units. This is a proven investment property.

Where it is

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Listed by Chris Nye, MLS4owners.com · MLS# 202619020 · Active

Cap rate, cash flow and cash-on-cash are Beal Estate NW’s own analysis, not MLS data — they follow the financing assumptions shown on this page, and they are not a valuation of the property and not investment advice. Talk to your lender, your accountant and your own advisers before you rely on any of it. MLS GridListings courtesy of Spokane REALTORS® as distributed by MLS Grid. Based on information submitted to the MLS GRID as of 9/29/2026, 3:45:00 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. Listing 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; any other use or search of the data on this site is prohibited. Deemed reliable but not guaranteed accurate by MLS Grid. Verify everything before you write an offer. Report a copyright problem.