$389,000
Reduced 3% · Save $10,000
Joey Costello
Windermere North Spokane
Tour for free, no strings attached
Make a winning offer with the help of a local expert
About This Home
Just a few blocks from Gonzaga University, this 5 bedroom, 2.5 bathroom investment property offers a prime opportunity to own a fully leased student rental in one of Spokane’s strongest rental markets. Currently leased for the 2026–2027 school year at $2,600/month gross rent, this property provides immediate income with consistent demand driven by its close proximity to campus. Updates include a new water heater, new carpet in the basement and updated bathroom tile. The home features spacious living areas, original hardwood floors, off-street parking, a 1-car garage, and a sprinkler system for easy exterior maintenance. Whether you’re expanding your portfolio or looking for a turnkey Gonzaga-area investment, this property checks all the boxes for location, functionality, and long-term rental appeal.
Property Details
Property Type
Residential Income
Year Built
1950
County
Spokane
Lot Size
0.1 acres
Living Area
2,218 sqft
Price / Sqft
$175
Garage
1-car
Schools
Elementary: Spokane Dist 81, Middle: Yasuhara, High: North Central
Days on Market
137 days
MLS #
SAR202616832
Parcel #
35083.0007
Annual Taxes
$3,079
Total Building Area
2,218 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
May 5, 2026
Status Changed
Jun 2, 2026
Last MLS Update
Jun 3, 2026
MLS Branch
1069
Original List Price
$399,000
School Information
Elementary
Spokane Dist 81
Middle School
Yasuhara
High School
North Central
Home Features & Details
Architectural Style
Construction
Structure Type
Roof
Basement
Flooring
Heating
Appliances
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
$2,107/mo
Estimated at 6.5% APR, 30-year fixed. For informational purposes only.
Property Highlights
Location
Loading map...
Comparable Properties
Thinking of Selling?
Get Joey's Full-Service Marketing
Professional photography, targeted advertising, and expert negotiation for every Spokane home — no matter the price point.