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Listed by Ryan Towner • LT Real Estate
$1,700,000
Est. payment /mo
9,372 SqFt
Active
1405 W 8th Ave Spokane, WA 99204
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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 SCHOOL & BUSINESS
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