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$1,250,000

4,560 sqft
101 days
Residential Income|Built 1977
Joey Costello

Joey Costello

Windermere North Spokane

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About This Home

Turnkey 4-unit multifamily investment opportunity featuring two duplexes on separate parcels. Each of the four units offers a spacious 3-bedroom, 2-bath floor plan designed for strong tenant appeal and long-term rental demand. Recent capital improvements include new roofs on both residential buildings and all garages, plus new walkways, stairwells, and four private decks, reducing future maintenance costs while enhancing curb appeal and tenant enjoyment. 3 units are currently occupied by long-term tenants, providing immediate cash flow. Current rents are below market, offering investors a clear opportunity to increase income and improve returns over time. A standout feature is the assumable loan with a 5.5% interest rate fixed for 5 years and no assumption fee—a rare financing advantage in today's market. With stable occupancy, major upgrades, rental upside, and attractive financing, this property is an excellent opportunity for investors seeking strong cash flow and long-term growth potential!

Property Details

Property Type

Residential Income

Year Built

1977

County

Spokane

Lot Size

0.32 acres

Living Area

4,560 sqft

Price / Sqft

$274

Garage

6-car

Schools

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

Days on Market

101 days

MLS #

SAR202619013

Parcel #

35294.2716

Annual Taxes

$9,944

Total Building Area

4,560 sqft

MLS Area

A210/045

MLS Class

Rental Income

Listing Terms

Conventional, Cash, Qual Assm, See Remarks

Road Frontage

City Street, Paved Road

Street Direction

E

Listed On

Jun 10, 2026

Status Changed

Jun 17, 2026

Last MLS Update

Aug 6, 2026

MLS Branch

178

School Information

Elementary

Spokane Dist 81

Middle School

Sacajawea

High School

Lewis & Clark

Home Features & Details

Architectural Style

Contemporary

Construction

Brick VeneerSidingWood Siding

Structure Type

Duplex

Roof

Composition

Basement

FullFinishedDaylightRec/Family AreaWalk-Out AccessSlab

Windows

Aluminum FramesMulti-Pane Windows

Heating

ElectricDuctlessZoned

Utilities

Cable Available

Appliances

Free-Standing RangeDishwasherRefrigeratorDisposalMicrowaveWasherDryer

Fireplace Features

MasonryWoodburning Fireplce

Patio & Porch

DeckPatio

Views

Territorial

Parking

DetachedOff SiteShared DrivewayAssigned

Lot Features

Fenced YardTreedCity Bus (w/in 6 blks)

Listed By

Trevor Windhorst

Windermere Valley

Estimated Monthly Payment

$6,771/mo

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

Property Highlights

Year Built1977
Square Footage4,560 sqft
Lot Size0.32 acres
Price / Sqft$274
StatusActive

Location

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