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3024 N Hogan St - Hogan Duplex and Storage Units 2 Unit Apartment Building Offered at $425,000 at a 4.69% Cap Rate Spokane, WA 99207
Investment Highlights
- Qualifies for residential financing with lower down payment options & favorable loan terms, increasing accessibility & overall return potenial
- Duplex units combined with additional storage units provide multiple sources of income and reduced vacancy risk
- New roof in 2022 and updated heaters help reduce near term capital expenditures and improve operational stability
- Current rents are below market with the ability to increase to approximately $1,350, providing immediate income growth potential
- Situated in a desirable Spokane location with access to employment, schools, & amenities, supporting consistent rental demand and long term stability
Executive Summary
SVN Cornerstone is pleased to present the Hogan Duplex and Storage Units for sale located at 3024 N Hogan St in Spokane. The Hogan Duplex and Storage Units consist of two 2 bedroom 1 bathroom units in the duplex and 2 storage units on the same lot.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $425,000 | Property Type | Multifamily |
| Price Per Unit | $212,500 | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 3,438 SF |
| Cap Rate | 4.69% | No. Stories | 1 |
| No. Units | 2 | Year Built | 2004 |
| Zoning | RMF | ||
| Price | $425,000 |
| Price Per Unit | $212,500 |
| Sale Type | Investment |
| Cap Rate | 4.69% |
| No. Units | 2 |
| Property Type | Multifamily |
| Lot Size | 0.23 AC |
| Building Size | 3,438 SF |
| No. Stories | 1 |
| Year Built | 2004 |
| Zoning | RMF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $1,013 | 839 |
1 1
Moderately walkable
60/100
Moderately drivable
60/100
Some public transit
40/100
Moderately bikeable
60/100
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3024 N Hogan St - Hogan Duplex and Storage Units
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