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$1,250,000

Reduced 7% · Save $100,000
8,370 sqft
155 days
Residential Income|Built 1994
Joey Costello

Joey Costello

Windermere North Spokane

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|(509) 507-0982

About This Home

Well-maintained 8-unit investment opportunity consisting of two 4-plexes on separate residential parcels, offering the possibility of residential financing with more favorable terms than typical commercial loans, subject to buyer’s lender. Each unit features a spacious 2 bed / 1 bath layout of approximately 1000 SF with washer/dryer hookups—larger than typical Spokane rentals—supporting strong tenant demand and retention. Property has been carefully self-managed with excellent upkeep and a stable tenant base with consistent payment history. Recent improvements include multiple newer water heaters and washer/dryer units. In-place rents provide solid cash flow with clear upside through light interior updates; comparable renovated units are achieving ~$1,450–$1,550/mo. One unit has been left intentionally vacant for owner-occupancy or immediate lease-up at market rent. A well-performing, stabilized asset with consistent operations and a straightforward value-add opportunity in a high-dema

Property Details

Property Type

Residential Income

Year Built

1994

County

Spokane

Lot Size

0.2 acres

Living Area

8,370 sqft

Price / Sqft

$149

Total Parking

10 spaces

Schools

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

Days on Market

155 days

MLS #

SAR202615565

Parcel #

35063.3709

Annual Taxes

$12,969

Total Building Area

8,370 sqft

MLS Area

A330/020

MLS Class

Rental Income

Listing Terms

Conventional, Cash

Road Frontage

City Street, Paved Road

Street Direction

N

Listed On

Apr 16, 2026

Status Changed

Sep 1, 2026

Last MLS Update

Sep 1, 2026

MLS Branch

1199

Original List Price

$1,350,000

School Information

Elementary

Spokane Dist 81

Middle School

Glover

High School

North Central

Home Features & Details

Architectural Style

Traditional

Construction

Siding

Structure Type

Two Story

Roof

Composition

Basement

FullFinished

Heating

Ductless

Cooling

Wall Unit(s)

Appliances

Free-Standing RangeRefrigerator

Patio & Porch

Deck

Views

Territorial

Parking

None

Lot Features

Sprinkler - AutomaticLevelCorner LotCity Bus (w/in 6 blks)Oversized Lot

Listed By

Jeff Hornberger

The Hornberger Group, LLC

Estimated Monthly Payment

$6,771/mo

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

Property Highlights

Year Built1994
Square Footage8,370 sqft
Lot Size0.2 acres
Price / Sqft$149
StatusActive

Location

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