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$800,000
Joey Costello
Windermere North Spokane
Tour for free, no strings attached
Make a winning offer with the help of a local expert
About This Home
Fully Rented 4-Plex with Cap Rate Over 8%! Turnkey investment opportunity—now fully stabilized and producing strong income. This updated 4-plex includes two 2-bed/1-bath units and two 3-bed/1-bath units, each with assigned parking. Recent renovations throughout the building feature new flooring, updated kitchens and bathrooms, and fresh paint. Tenants enjoy the convenience of an on-site laundry room (no in-unit laundry), and the secured building offers added peace of mind. Prime location near the U-District, Gonzaga University, and the School of Medicine ensures consistent rental demand. An additional 4-plex located at 923 E Indiana with the same finishes also available at the same price—ideal for investors looking to expand their portfolio.
Sale Summary
Sold Price
$648,000
List Price
$800,000
Sale vs List
-19%
Close Date
Aug 29, 2025
Financing
Conventional
Buyer's Agent
Pat Kostecka
Property Details
Property Type
Rental
Year Built
1966
County
Spokane
Lot Size
0.15 acres
Living Area
3,686 sqft
Price / Sqft
$217
Garage
4-car
Total Parking
4 spaces
Schools
Elementary: Spokane Dist 81, Middle: Yasuhara, High: North Central
Days to Sell
90 days
MLS #
SAR202517812
Parcel #
35084.2413
Annual Taxes
$5,722
Total Building Area
3,686 sqft
MLS Area
A340/025
MLS Class
Rental Income
Listing Terms
VA Loan, Conventional, Cash
Road Frontage
City Street, Paved Road
Street Direction
E
MLS Status
Sold
Listed On
May 30, 2025
Went Pending
Jul 18, 2025
Status Changed
Sep 4, 2025
Last MLS Update
Sep 4, 2025
MLS Branch
534
School Information
Elementary
Spokane Dist 81
Middle School
Yasuhara
High School
North Central
Home Features & Details
Architectural Style
Construction
Structure Type
Roof
Basement
Heating
Cooling
Utilities
Appliances
Interior Features
Patio & Porch
Views
Parking
Lot Features
Other Structures
Listed By
Luke Raynor
Realty One Group Eclipse
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
$4,333/mo
Estimated at 6.5% APR, 30-year fixed. For informational purposes only.
Property Highlights
Location
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