$585,000
Reduced 5% · Save $30,000
Joey Costello
Windermere North Spokane
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About This Home
Well-maintained 5-unit investment opportunity in Spokane Valley featuring four 1 bed / 1 bath units and one 2 bed / 1 bath unit with in-unit laundry. The remaining units are supported by a convenient on-site coin-operated laundry, providing additional income potential. Units have been updated over the years, and major capital expenditures have already been addressed, roof, siding, and windows—offering a more predictable, low-maintenance investment profile. Financially, the property has demonstrated consistent performance with ~$52,900 in trailing 12-month gross income. Current rents range from approximately $795 to $1,095, with additional income from utilities and laundry. The unit mix provides strong demand stability, while the Valley location continues to support long-term rental growth. This is a solid, turn-key asset for investors seeking reliable cash flow, reduced capital expenditure risk, and upside through re
Property Details
Property Type
Residential Income
Year Built
1951
County
Spokane
Lot Size
0.17 acres
Living Area
2,496 sqft
Price / Sqft
$234
Schools
Elementary: Spokane Dist 81, Middle: Chase, High: Ferris
Days on Market
130 days
MLS #
SAR202617225
Parcel #
35241.1903
Annual Taxes
$5,280
Total Building Area
2,496 sqft
MLS Area
A210/074
MLS Class
Rental Income
Listing Terms
FHA, VA Loan, Conventional, Cash
Road Frontage
City Street, Paved Road
Street Direction
S
Listed On
May 12, 2026
Status Changed
Sep 1, 2026
Last MLS Update
Sep 1, 2026
MLS Branch
1199
Original List Price
$615,000
School Information
Elementary
Spokane Dist 81
Middle School
Chase
High School
Ferris
Home Features & Details
Architectural Style
Construction
Structure Type
Roof
Basement
Windows
Heating
Appliances
Views
Parking
Lot Features
Listed By
Jeff Hornberger
The Hornberger Group, 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
$3,169/mo
Estimated at 6.5% APR, 30-year fixed. For informational purposes only.
Property Highlights
Location
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