$399,000

420 W Shannon Ave

Spokane, WA 99205

Listed by Chad Clelland, Silvercreek Realty Group

Units
2
Built
1891
Size
2,624 sq ft
On market
20 days
Layout
stacked
Cap rate~6.7%
Cash-on-cash~0.2%
Cash flow+$19
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 & interest2,202
Property tax 2026⁠$344
Insurance⁠No spot on MLS
Sewer⁠Left blank
Water⁠Left blank
Garbage⁠No spot on MLS
Left over after mortgage and expenses555

Set aside

Vacancy
Maintenance
Capital repairs
Management
Set aside for vacancy and maintenance536

What is left

Cash left over each month+$19

The units

UnitBedsBathsSq ftRent / moRentometerestimatedRentCastestimated
1312,000$2,275estimated Rentometer $1,689 · RentCast $1,490$1,689$1,490
221624$1,300estimated Rentometer $1,232 · RentCast $1,070$1,232$1,070

These 2 units add up to $3,575 a month. Those rents were posted in the MLS by the listing agent.

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Price history

  1. Sep 9, 2026Listed for sale$399,000$199,500/unit

About the building

Duplex in the heart of Spokane. Two separately metered units with highly functional layouts and recently updated! Upper unit features a 2-bedroom apartment with a full bathroom and kitchen including updated appliances and newer paint. Main level welcomes you with large living spaces, 3 bedrooms including a primary bedroom benefited by private backyard access and enormous walk-in closet. Enjoy an updated bathroom and kitchen boasting newer appliances. Both units updated 2022-23. Shared laundry room was recently added. Large unfinished basement provides added revenue potential. Spacious backyard offers room for additional revenue or enjoyment. Detached garage accessed by a rear alley provides additional storage. Separate electrical meters, both water heaters replaced 2022-23. Centrally located, 1.5 miles to downtown Spokane, Gonzaga, Spokane’s ‘Sports District’ this updated property generates great rates & offers abundant space.

Where it is

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Listed by Chad Clelland, Silvercreek Realty Group · MLS# 202623990 · 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, 4:15:01 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.