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$649,900

20,200 sqft
574 days
Rental|Built 1940
Joey Costello

Joey Costello

Windermere North Spokane

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About This Home

Truly once in a lifetime investor opportunity first time on the market! This small cottage community has been owned and well cared for by one family for over 40 years. 5 unique dwellings and 10 garages with alley access create countless investment possibilities. Many tenants have been here for 5 years or more making rents far below market value while the buildings themselves are remarkably well taken care of inside and out. 4 homes are large 1bd units with the 5th unit being a spacious 2/1 with potential for expansion in the unfinished basement. Keep the property as is or create your downtown development dream sky's the limit with this very flexibly zoned location.

Sale Summary

Sold Price

$649,900

List Price

$649,900

Sale vs List

+0%

Close Date

May 23, 2025

Financing

Other

Buyer's Agent

Julie Hartling

Property Details

Property Type

Rental

Year Built

1940

County

Spokane

Lot Size

0.46 acres

Living Area

20,200 sqft

Price / Sqft

$32

Garage

10-car

Schools

Elementary: Spokane Dist 81, Middle: Sacajawea, High: Lewis & Clark

Days to Sell

90 days

MLS #

SAR202512239

Parcel #

25241.5306

Annual Taxes

$5,573.9

Total Building Area

20,200 sqft

MLS Area

A220/040

MLS Class

Rental Income

Listing Terms

Conventional, Cash, Commercial

Road Frontage

Paved Road

Street Direction

W

MLS Status

Sold

Listed On

Feb 21, 2025

Went Pending

Mar 29, 2025

Status Changed

May 23, 2025

Last MLS Update

May 24, 2025

MLS Branch

1069

School Information

Elementary

Spokane Dist 81

Middle School

Sacajawea

High School

Lewis & Clark

Home Features & Details

Architectural Style

Other

Construction

Asbestos

Structure Type

One Story

Roof

Composition

Basement

None

Heating

ElectricForced AirSee Remarks

Cooling

Other

Utilities

Cable Available

Appliances

Free-Standing RangeRefrigeratorWasherDryer

Interior Features

High Speed Internet

Views

CityTerritorial

Parking

DetachedAlley Access

Lot Features

Sprinkler - AutomaticOpen LotCity Bus (w/in 6 blks)Oversized LotIrregular LotZero Lot Line

Listed By

Hunter Mackay

eXp Realty, LLC

Estimated Monthly Payment

$3,520/mo

Estimated at 6.5% APR, 30-year fixed. For informational purposes only.

Property Highlights

Year Built1940
Square Footage20,200 sqft
Lot Size0.46 acres
Price / Sqft$32
StatusClosed

Location

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