$650,000
Reduced 2% · Save $9,950
Joey Costello
Windermere North Spokane
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About This Home
Well-maintained 5-unit investment property (3 two-bedroom units and 2 one-bedroom units) with space for an optional 6th unit, offering strong in-place income and clear upside potential. Current operations show approx. $66,554 in annual gross income and ~$47,740 NOI, with low expenses around $18,800/year. Durable brick exterior and recently replaced roof help minimize future capital expenditures. One unit has been fully updated, while the remaining units offer a mix of hardwood floors and functional layouts with room for additional value-add improvements. Property features both off-street and on-street parking, including a large covered carport, along with a community coin-operated laundry room providing additional income. Low-maintenance lot with a small shared yard space for tenant enjoyment. Currently 100% occupied with strong rental demand, making this a solid opportunity for investors seeking stable cash flow with future growth potential.
Property Details
Property Type
Residential Income
Year Built
1961
County
Spokane
Lot Size
0.21 acres
Living Area
5,820 sqft
Price / Sqft
$112
Schools
Elementary: Spokane Dist 81, Middle: Yasuhara, High: North Central
Days on Market
129 days
MLS #
SAR202617223
Parcel #
35063.3507
Annual Taxes
$4,819
Total Building Area
5,820 sqft
MLS Area
A330/019
MLS Class
Rental Income
Listing Terms
FHA, VA Loan, Conventional, Cash
Road Frontage
City Street, Paved Road
Street Direction
W
Listed On
May 12, 2026
Status Changed
Sep 1, 2026
Last MLS Update
Sep 1, 2026
MLS Branch
1199
Original List Price
$659,950
School Information
Elementary
Spokane Dist 81
Middle School
Yasuhara
High School
North Central
Home Features & Details
Architectural Style
Construction
Structure Type
Roof
Basement
Flooring
Heating
Appliances
Views
Parking
Lot Features
Listed By
Jeff Hornberger
The Hornberger Group, LLC
Joey Costello
Windermere North Spokane
Tour for free, no strings attached
Make a winning offer with the help of a local expert
Estimated Monthly Payment
$3,521/mo
Estimated at 6.5% APR, 30-year fixed. For informational purposes only.
Property Highlights
Location
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