$450,000

416 / 418 N Skipworth Rd

Spokane Valley, WA 99206

Listed by Joyce Lingo, Windermere Manito, LLC

Pending
Units
2
Built
1969
Size
2,070 sq ft
On market
8 days
Cap rate~4.5%
Cash-on-cash~-7.8%
Cash flow−$806
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 & interest2,484
Property tax 2026⁠$353
Insurance⁠No spot on MLS
Sewer⁠Left blank
Water⁠Left blank
Garbage⁠No spot on MLS
Gas⁠$120
Electric⁠No spot on MLS
Left over after mortgage and expenses356

Set aside

Vacancy
Maintenance
Capital repairs
Management
Set aside for vacancy and maintenance450

What is left

Cash left over each month−$806

The units

UnitBedsBathsSq ftRent / moRentometerestimatedRentCastestimated
121.51,035$1,300estimated Rentometer $1,545 · RentCast $1,400$1,545$1,400
221.51,035Vacantestimated Rentometer $1,545 · RentCast $1,400$1,545$1,400

These 2 units add up to $1,300 a month. Those rents were posted in the MLS by the listing agent. Unit 2 is empty, so it brings nothing to that total.

This rent roll is partial. The listing reports rent on 1 of 2 units, so the rents above do not add up to the building.

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About the building

Fantastic Spokane Valley duplex offering flexibility for an owner-occupant or investor. Each approx. 1,035 sq ft unit features 2 bedrooms, 1.5 baths, attached 1-car garage, gas forced-air heat, gas hot water, private fenced backyard, and deck. Unit 418 is vacant and move-in ready with fresh paint, granite countertops, LVP flooring, white cabinetry, updated lighting, custom cellular shades, Bosch stackable washer/ventless dryer, updated full bath, and newer electrical panel. Unit 416 has had the same tenant for 8+ years and is currently month-to-month. Major improvements include a 2018 roof replacement, 2021 vinyl backyard fencing, and 2026 TimberTech composite decks with steel railings. Located in a quiet residential neighborhood within Central Valley School District, near Broadway Elementary, I-90, shopping, and dining. Unit 418 rent is projected based on current market rents; buyer to verify.

Where it is

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Listed by Joyce Lingo, Windermere Manito, LLC · MLS# 202624542 · Pending

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.