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12218 W 10th Ave 2 Unit Apartment Building $678,691 CAD ($339,346 CAD/Unit) 6.21% Cap Rate Airway Heights, WA 99001
Investment Highlights
- Updated units, low maintenance and fully occupied.
- Close to Fairchild Air Force Base, Spokane Airport and downtown Spokane
Executive Summary
Welcome to Your Next Investment Opportunity! Don’t miss this exceptional duplex located in the rapidly growing community of Airway Heights—an area experiencing steady appreciation with even more development on the horizon. Major employers such as Spokane International Airport, Fairchild Air Force Base, Amazon, and others continue to drive strong demand, making this one of the most desirable regions for real estate investment. Unit 12218 W 10th is currently rented at $1,650/month and features fresh paint, new carpet, and luxury vinyl plank (LVP) flooring—making it both move-in ready and low-maintenance. Unit 12220 W 10th is rented at $1,750/month and has been similarly updated with modern flooring and thoughtful finishes. Whether you’re looking to live in one unit and rent the other, or expand your investment portfolio, this property offers flexibility, consistent cash flow, and long-term value. Ideal for generating passive income or serving as a comfortable home—this duplex is ready to work for you.
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$54,208
|
$25.21
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$54,208
|
$25.21
|
| Taxes |
$4,691
|
$2.18
|
| Operating Expenses |
$7,396
|
$3.44
|
| Total Expenses |
$12,088
|
$5.62
|
| Net Operating Income |
$42,120
|
$19.59
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $54,208 |
| Annual Per SF | $25.21 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $54,208 |
| Annual Per SF | $25.21 |
| Taxes (CAD) | |
|---|---|
| Annual | $4,691 |
| Annual Per SF | $2.18 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $7,396 |
| Annual Per SF | $3.44 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $12,088 |
| Annual Per SF | $5.62 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $42,120 |
| Annual Per SF | $19.59 |
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Kitchen
- Sprinkler System
- Carpet
- Yard
- Family Room
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 6+4 | 2 | $2,329 CAD | 1,075 |
1 1
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 15243.0207 | Total Assessment | $606,371 CAD (2025) |
| Land Assessment | $95,880 CAD (2025) | Annual Taxes | $4,691 CAD ($2.18 CAD/SF) |
| Improvements Assessment | $510,491 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
15243.0207
Land Assessment
$95,880 CAD (2025)
Improvements Assessment
$510,491 CAD (2025)
Total Assessment
$606,371 CAD (2025)
Annual Taxes
$4,691 CAD ($2.18 CAD/SF)
Tax Year
2024
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12218 W 10th Ave
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