1405 W 8th Ave, Spokane, WA 99204
1405 W 8th Ave, Spokane, WA 99204
1405 W 8th Ave, Spokane, WA 99204
1405 W 8th Ave, Spokane, WA 99204
1405 W 8th Ave, Spokane, WA 99204
1405 W 8th Ave, Spokane, WA 99204
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Rachel Krouse

Rachel Krouse

+1(509) 981-1881
Listed by Ryan Towner • LT Real Estate
$ 1,700,000
Est. payment | /mo

9,372 SqFt

Save
$ 1,700,000
Est. payment | /mo
Save

9,372 SqFt

Key Details

Property Type Multi-Family

Sub Type Residential Income

Listing Status Active

Purchase Type For Sale

Square Footage 9,372 sqft

Price per Sqft $181

MLS Listing ID 202622556

Year Built 1962

Lot Size 28.000 Acres

Lot Dimensions 28

Property Sub-Type Residential Income

Property Description

13-unit multifamily investment opportunity featuring 8 one-bedroom/one-bath units and 5 two-bedroom/one-bath units. The property generates $14,989 in monthly rental income and offers an on-site laundry facility, beautifully landscaped grounds, and a convenient location near restaurants, shopping, I-90, and Downtown Spokane. Investment highlights include a $116,128.50 NOI and a 6.83% cap rate, providing an attractive opportunity for investors seeking established rental income in a convenient Spokane location.

Location

State WA

County Spokane

Rooms

Basement None

Interior

Heating Baseboard

Exterior

Parking Features Carport, Off Site

Amenities Available None

View Y/N true

Roof Type Composition

Building

Story 2

Structure Type Stone,Wood Siding

Schools

School District Spokane Dist 81

Others

Acceptable Financing Conventional, Cash, Commercial

Listing Terms Conventional, Cash, Commercial

Nearby Locations

Rachel Krouse

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(509) 981-1881

rachel@krousehouserealty.com

Amplify- 1311 N Washington Ste A, Spokane, Washington 99201, USA

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1405 W 8th Ave