$515,000

1522 W Alice Ave

Spokane, WA 99205

Listed by Ryan Stoker, RE/MAX Citibrokers

Units
2
Built
1992
On market
3 days
Cap rate~6.2%
Cash-on-cash~-1.7%
Cash flow−$202
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 in⁠rents from the MLS

Expenses

Principal & interest2,842
Property tax 2026⁠$372
Insurance⁠No spot on MLS
Sewer⁠Left blank
Water⁠Left blank
Garbage⁠No spot on MLS
Left over after mortgage and expenses398

Set aside

Vacancy
Maintenance
Capital repairs
Management
Set aside for vacancy and maintenance600

What is left

Cash left over each month−$202

The units

UnitBedsBathsSq ftRent / moRentometerestimatedRentCastestimated
1321,250$2,000estimated Rentometer $1,935 · RentCast $1,830$1,935$1,830
2321,250Vacantestimated Rentometer $1,935 · RentCast $1,830$1,935$1,830

These 2 units add up to $2,000 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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Price history

  1. Sep 26, 2026Listed for sale$515,000$257,500/unit

About the building

Duplex for sale half occupied. 3bedroom 2bathrooms in each unit with approx 1250sqt floor plans. Private 2 car garages and side back yard patios. One unit is vacant one unit is rented. $2000/mo per side, $4000/mo total income. Built in 1992 and has been well kept since. Fantastic spot to earn income on dormant savings accounts. Live in one side and rent the other.

Where it is

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Listed by Ryan Stoker, RE/MAX Citibrokers · MLS# 202624921 · 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.