$395,000
Reduced 7% · Save $30,000
Joey Costello
Windermere North Spokane
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About This Home
Directly across from Mission Park and just steps from Gonzaga University, this classic brick investment property sits in one of Spokane’s most consistent and in-demand rental locations. With campus, recreation, and neighborhood amenities all within easy reach, it’s ideally positioned for long-term tenant appeal. The home offers a functional six-bedroom layout with three bedrooms upstairs and three downstairs—well-suited for student housing or shared living. Solid brick construction adds lasting durability and timeless character, while the unbeatable proximity to Gonzaga ensures strong, reliable demand year after year. Currently leased through May 2027 at $3,000 per month, this is a true turnkey investment with immediate income. Tenants pay all utilities and landscaping, contributing to a low-maintenance ownership experience, and a strong 7.1% cap rate. An exceptional opportunity to own a stable, income-producing property just moments from Gonzaga’s campus.
Property Details
Property Type
Residential Income
Year Built
1960
County
Spokane
Lot Size
0.2 acres
Living Area
2,053 sqft
Price / Sqft
$192
Garage
2-car
Schools
Elementary: Spokane Dist 81, Middle: Yasuhara, High: North Central
Days on Market
169 days
MLS #
SAR202614654
Parcel #
35084.4114
Annual Taxes
$3,200.1
Total Building Area
2,053 sqft
MLS Area
A340/025
MLS Class
Rental Income
Listing Terms
FHA, VA Loan, Conventional, Cash
Road Frontage
City Street, Paved Road
Street Direction
E
Listed On
Apr 2, 2026
Status Changed
May 7, 2026
Last MLS Update
May 7, 2026
MLS Branch
1069
Original List Price
$425,000
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
Appliances
Fireplace Features
Views
Parking
Lot Features
Listed By
Holly Stockton
eXp Realty, 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
$2,140/mo
Estimated at 6.5% APR, 30-year fixed. For informational purposes only.
Property Highlights
Location
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