HALSTED HOMETEAM
Pricing analysis · October 28, 2026

11809 E Main Ave

Spokane Valley duplex · 4,316 sq ft above grade · 816 sq ft shop
Recommended list
$819K–$829K
Best indicated value
≈ $808K
Prepared by Haydn Halsted
Halsted Hometeam | REAL Broker, LLC
The recommendation

List at $819K–$829K, at the top of what the data supports

Four methods put your home's value between the low $700s and mid $800s. The strongest one, the closest sale in seven years adjusted to your home, lands near $808K. A list price of $819K–$829K sits at the top of that support and below the $850K sale that sets the ceiling.

List $819K–$829K $700K $725K $750K $775K $800K $825K $850K $875K Closest comparable sale · 13521 E 20th Ave, adjusted $755K $860K Appreciation since 2019 · $500K grown at market rates $754K $816K Size-based value · $170–$175 per above-grade sq ft + shop $744K $785K Income approach · Market rents × recent multipliers $714K $795K
Dot marks the adjusted value of 13521 E 20th Ave. Shaded band is the recommended list price.
The property

Two full-size units, a shop and room to park

4,316
sq ft above grade (3,452 main + 864 upper)
1,524
sq ft basement, mostly unfinished
816
sq ft shop, per public record
2 × 500
sq ft attached 2-car garages
2009
year built
15,300
sq ft lot

Covered back porches on both units. One unit rents for $2,350 a month, month to month, and the other is owner-occupied, so both can be delivered vacant. We estimate market rent at $2,500–$2,650 per unit.

Method 1 · Closest comparable sale

The closest sale points to about $808K for your home

13521 E 20th Ave is the only Valley duplex near your size and setup to sell since 2019. It closed at $850,000 in July 2023 with one side vacant and one rented month to month.

13521 E 20th Ave 11809 E Main Ave Adjustment
Sale price $850,000 · Jul 2023 · 57 days
Market change since Valley prices −1% to −5% −$25,000
Above-grade space 3,392 sq ft 4,316 sq ft +$58,000
Basement 1,554 sq ft, finished 1,524 sq ft, mostly unfinished −$40,000
Shop None 816 sq ft +$30,000
Year built 2017 2009 −$30,000
Finishes Higher-end Nice, well kept −$30,000
Lot 17,284 sq ft 15,300 sq ft −$5,000
Indicated value ≈ $808,000

Adjustments are our estimates. Reasonable ranges for each put the indicated value between about $755K and $860K.

Method 2 · The duplex market

Recent duplex sales cap out in the mid $700s

Every comparable Valley duplex sale in 2025–2026 closed at $775K or less, and 2026 sales so far top out at $720K. Those homes are about 3,000 sq ft. Same-era homes sell for $170–$175 per sq ft; applied to your 4,316 above-grade sq ft plus the shop and basement, that's about $744K–$785K.

Your competition

New-construction single-family homes nearby are listed at $649K–$769K and have sat 199 days with price cuts. Duplexes listed at $725K–$800K have sat 110–223 days.

Single-family homes with shops

3,000–3,500 sq ft homes with shops nearby sold or went pending at $535K–$635K. Your edge over them is the second unit, the extra space and a bigger shop.

Every sale and listing is linked in All listings.

Method 3 · Income approach

Investors would pay $714K–$795K, so we'll market to owner-occupants

$5,000–$5,300
estimated monthly rent, both units
11.9–12.5
gross rent multiplier on recent sales
$714K–$795K
value on income alone

Investors pay for rent, not square footage, and your home earns about what smaller duplexes earn. The buyer who pays more lives in one unit and rents the other: they're paying for the space, the shop and the garages, and the rent helps cover the payment. A lender can show them how the rental income is counted.

Method 4 · Appreciation since you bought

Your 2019 purchase has grown to about $778K–$816K

$250K $300K $350K $400K $450K $500K 2020 2021 2022 2023 2024 2025 2026 Q4 2019, your purchase: $282K Peak Q2 2025: $463K Q3 2026: $439K
Spokane Valley site-built median sale price by quarter · Halsted Hometeam Market Explorer (Spokane MLS)
$500K (Oct 2019) grown by Change Today
Spokane metro price index (FHFA) +63% $816K
County site-built median +60% $802K
Valley median price per sq ft +59% $793K
Valley median price +56% $778K
Valley duplex repeat sales (middle) +51% $754K

Valley prices peaked in Q2 2025 and are about 5% lower as of Q3 2026. Almost all of the gain since 2019 came before mid-2024.

About your $969,800 tax value

On 20th's path, your assessment would be about $866K

In 2023 the two homes were assessed within 3% of each other. 20th then sold for $850,000, and within four years its assessment came down to $843,000. Yours has dropped only 2% since 2023.

$800K $900K $1.0M $1.1M $1.2M 2023 2024 2025 2026 2027 20th sold Jul 2023: $850K Yours: $969.8K Yours on 20th’s path: $866.3K 13521 E 20th: $843.0K
Assessed market value by tax year · Spokane County Assessor records
2023 → 2027 13521 E 20th Yours
Land +50% +68%
Structure −18.1% −7.2%
Total −12.4% −2.0%
Yours on 20th's path ≈ $866K–$869K

Land values rose on both; the gap is in the buildings. The County Assessor sets its own values and places these homes in different neighborhoods, so this shows a pattern, not a prediction of your assessments or taxes. Questions about your assessment go to the Spokane County Assessor.

The appraisal

Pricing above the comps puts the appraisal at risk

Most buyers at this price will finance, and their lender's appraiser can only go as high as closed sales support. A contract above that number usually means renegotiating.

$775K
highest comparable duplex sale, 2025–2026
≈ $808K
best indicated value, from a July 2023 sale
$819K–$829K
recommended list, $44K–$54K above any comparable 2025–2026 sale

Why this is a concern

The appraiser needs recent sales that bracket the price. The only comparable sales above $819K are from 2023 and early 2024, and both are newer homes. Closing the gap takes large size and shop adjustments, which lender reviewers often question. The income approach, which this appraisal form includes, comes in at $714K–$795K.

If the value comes in low, the buyer may ask for a lower price, cover the difference in cash or, depending on the contract, cancel. A cancelled sale puts you back on the market with a history.

How we'll make the case

Your home is larger above grade than every recent sale and has an 816 sq ft shop none of them have. We'll give the appraiser the comparable sales with our adjustments, shop and garage measurements, the lot, above-grade square footage and a market rent summary.

Please gather the lease terms, any shop permits and a list of upgrades since 2019. We'll weigh each offer's appraisal terms and financing, not just its price.

Pricing strategy and next steps

Launch plan

  1. List at $819K–$829K. That's below the one sale that matches your size and setup, so buyers can see the value, and it gives the appraiser a clear comparable.
  2. Market to owner-occupant buyers. Lead with the size of each unit, the 816 sq ft shop, the two garages and the option to live in one side and rent the other.
  3. Prepare the appraisal package before the first offer arrives.
  4. Set a review date 2–3 weeks after launch. We'll look at showings and feedback together and decide whether to hold or adjust before the listing goes stale.
Every home referenced

All listings

Active and pending homes open on halstedhometeam.com. Sold homes open on Zillow, since sold listings aren't searchable on our site. Status and prices are as of our October 28, 2026 MLS pull.

Duplex sales

Address Sold Price Built Total sq ft Note
19019 E 4th Ave Oct 2026 $610,000 2001 3,998 About half finished basement
10725 E Broadway Ave Sep 2026 $565,000 2008 3,232 Same era as yours
1227 N Coach Dr Jul 2026 $720,000 2022 3,020 197 days on market
513 S Skipworth Ct Jul 2026 $490,000 1987 3,504
2721 S Havana St Jun 2026 $675,000 1999 3,005
9820 E Knox Ave Dec 2025 $625,000 2014 3,480 268 days on market
3811 E 12th Ave Jul 2025 $650,000 2024 3,044
1219 N Coach Dr Mar 2025 $755,000 2022 3,020
9812 E Knox Ave Jan 2025 $735,000 2014 3,700
1619 N Manifold Ln Jan 2025 $775,000 2023 — New construction
1707 N Manifold Ln Jan 2025 $775,000 2023 — New construction
1711 N Manifold Ln Oct 2024 $775,000 2023 — New construction
11506 E 13th Ln Mar 2024 $830,000 2023 3,002 New construction
13521 E 20th Ave Jul 2023 $850,000 2017 4,946 Closest in size and setup

Duplexes on the market now

Address List price Built Total sq ft Days on market
4115 S Bowdish Rd $800,000 2005 3,010 110
1321 N Coach Dr $725,000 2021 3,020 223
1313 N Coach Dr $725,000 2021 3,020 223
4311 N Centennial Ln $725,000 2019 3,162 7
7805 E Baldwin Ave $725,000 2020 3,006 47
10811 E Mission Ave $699,900 2019 3,000 159
2715 N Boeing Rd $679,900 2021 3,006 33
310 S Union Rd $539,900 2010 3,078 55

Single-family homes compared

Address Status Price Built Total sq ft Note
14023 E 12th Ave Sold Oct 2026 $535,000 1995 3,442 Shop · 0.69 ac
14527 E 10th Ave Pending $635,000 2016 3,180 Shop
13707 E 12th Ave Sold Jun 2026 $601,000 2005 3,460 Small shop · RV parking · 0.47 ac
808 S Mayhew Ln Sold Jun 2026 $525,000 2006 3,104
12703 E Desmet Ave Active $649,000 2025 3,083 New construction · 199 days
12708 E Desmet Ave Active $725,000 2025 3,055 New construction · 199 days
12704 E Desmet Ave Active $769,000 2025 3,420 New construction · 199 days

Repeat sales and excluded sales

Address Use Sale Note
1705-1707 N Glenn Ct Repeat sale $285,000 (Nov 2019) → $510,000 (Sep 2026) +79%
302 N Argonne Rd Repeat sale $295,000 (Feb 2020) → $445,000 (Mar 2026) +51%
10121 E 4th Ave Not a comp Sold $880,000 (Dec 2025) 1914 duplex on nearly 2 acres, bought for redevelopment
1109 N Rees Ln Not a comp Sold $850,000 (Oct 2026) New construction built for adult family home use
Sources and disclosures
  • Comparable sales and active listings: Spokane MLS (Paragon) exports, pulled October 28, 2026, including Spokane Valley duplex sales from October 2019 to October 2026 and nearby single-family sales.
  • Market trends: Halsted Hometeam Market Explorer, built from Spokane MLS data through September 2026 (site-built homes, quarterly medians weighted by closings).
  • Metro price index: FHFA All-Transactions House Price Index, Spokane–Spokane Valley MSA, via FRED, through Q2 2026.
  • Assessed values and property details: Spokane County Assessor records and public record. Rent figures are the current lease and our market estimate.

This analysis is an opinion of price based on the data above. It is not an appraisal and does not guarantee a sale price, timeline or appraised value. It is not tax, legal or lending advice; please consult a CPA, attorney or licensed lender for those questions. Links go to a third-party site; listing details there may differ from the MLS.

HaydnHaydn Halsted · Halsted Hometeam | REAL Broker, LLC
300 N Argonne Rd, Ste 201, Spokane Valley, WA 99206