$975,000
Joey Costello
Windermere North Spokane
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About This Home
Excellent Spokane Valley Cash-Flow Opportunity This 11-unit apartment building offers immediate income and strong long-term value for the hands-on investor. Built in 1972, the property features eleven 1-bedroom units with excellent occupancy history and consistent rental demand in one of Spokane Valley’s most stable rental pockets. 11 Units – All 1BD (approximately 500-600 SF) 100% Occupied at time of listing Strong in-place cash flow with proven tenant base Value-add upside through updating units and increasing rents. Excellent location with easy access to I-90, shopping, services, and employment centers This is a true turnkey multifamily asset, ideal for the investor seeking predictable monthly income and long term equity-building potential.
Sale Summary
Sold Price
$985,000
List Price
$975,000
Sale vs List
+1%
Close Date
Aug 5, 2026
Financing
Conventional
Buyer's Agent
Derek Raivio
Property Details
Property Type
Residential Income
Year Built
1972
County
Spokane
Lot Size
0.67 acres
Living Area
6,912 sqft
Price / Sqft
$141
Schools
Elementary: Central Valley
Days to Sell
70 days
MLS #
SAR202617997
Parcel #
45153.3906
Annual Taxes
$10,008
Total Building Area
6,912 sqft
MLS Area
A110/069
MLS Class
Rental Income
Listing Terms
Conventional, Cash
Road Frontage
City Street, Private Road
Street Direction
E
MLS Status
Sold
Listed On
May 26, 2026
Went Pending
Jun 4, 2026
Status Changed
Aug 7, 2026
Last MLS Update
Aug 7, 2026
MLS Branch
646
School Information
Elementary
Central Valley
Home Features & Details
Construction
Structure Type
Roof
Basement
Heating
Parking
Listed By
Cole Vinson
Extant Realty
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
$5,281/mo
Estimated at 6.5% APR, 30-year fixed. For informational purposes only.
Property Highlights
Location
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