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$988,500

5,850 sqft
526 days
Rental|Built 1937
Joey Costello

Joey Costello

Windermere North Spokane

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About This Home

INVESTORS should be interested in this 9-UNIT INCOME PROPERTY. Location is everything and this property is one mile or less from Gonzaga University, grocery stores, restaurants, pubs, parks, Centennial Trail, and more. This property consists of three side-by-side buildings, each with 3 units; and each with two 2 bedrooms and 1 bathroom and one 1 bedroom and 1 bathroom configurations. Each unit has its own unique floor plan. Most units have been refreshed with the changeover of tenants. There are three 3-car carports with newer roofs. And in March 2025 all three buildings’ exteriors were refurbished and painted including adding a no-slip surface applied on the painted stairs. All 9 units are occupied. Monthly Gross Rents are $10,215. Owner pays Electricity & Gas ($199/mo); Water, Sewer & Garbage ($707/mo). New property management as of 1/1/25 have had a very positive impact on this property’s operations and profitability. These three buildings may also be sold individually for $333,000 each.

Sale Summary

Sold Price

$988,500

List Price

$988,500

Sale vs List

+0%

Close Date

Jul 8, 2025

Financing

Other

Buyer's Agent

Jacob Radawick

Property Details

Property Type

Rental

Year Built

1937

County

Spokane

Lot Size

0.46 acres

Living Area

5,850 sqft

Price / Sqft

$169

Total Parking

9 spaces

Schools

Elementary: Spokane Dist 81, Middle: Yasuhara, High: North Central

Days to Sell

88 days

MLS #

SAR202514751

Parcel #

35081.4314

Annual Taxes

$9,344

Total Building Area

5,850 sqft

MLS Area

A340/025

MLS Class

Rental Income

Listing Terms

Conventional, Cash

Road Frontage

City Street, Paved Road

Street Direction

N

MLS Status

Sold

Listed On

Apr 10, 2025

Went Pending

Apr 27, 2025

Status Changed

Jul 8, 2025

Last MLS Update

Jul 8, 2025

MLS Branch

513

School Information

Elementary

Spokane Dist 81

Middle School

Yasuhara

High School

North Central

Home Features & Details

Architectural Style

Contemporary

Construction

Wood Siding

Structure Type

Two Story

Roof

Composition

Basement

Partial

Heating

ElectricBaseboard

Appliances

Free-Standing RangeDishwasherRefrigerator

Interior Features

Windows VinylMulti Pn Wn

Parking

CarportOff Site

Lot Features

Sprinkler - AutomaticLevelCorner LotOversized Lot

Listed By

Rich King

Keller Williams Spokane - Main

Estimated Monthly Payment

$5,354/mo

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

Property Highlights

Year Built1937
Square Footage5,850 sqft
Lot Size0.46 acres
Price / Sqft$169
StatusClosed

Location

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