$500,000
Reduced 53% · Save $559,800
Joey Costello
Windermere North Spokane
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Make a winning offer with the help of a local expert
About This Home
Investor opportunity with immediate upside potential. This fourplex features four spacious 2 bed, 1 bath units, each offering approximately 784 square feet of living space. Currently 100% occupied, the property presents a value-add opportunity through lease-up and rent stabilization, making it an attractive option for investors seeking increased cash flow and long-term appreciation. Recent maintenance and turnover improvements position the next owner to capitalize on increased occupancy and operational efficiency. Conveniently located near downtown Spokane, major employers, public transportation, shopping, dining, and everyday amenities. Ideal for investors looking to expand their portfolio or complete a 1031 exchange while adding a property with strong income potential and room for growth.
Property Details
Property Type
Residential Income
Year Built
1972
County
Spokane
Lot Size
0.25 acres
Living Area
3,136 sqft
Price / Sqft
$159
Total Parking
4 spaces
Schools
Elementary: Spokane Dist 81, Middle: Yasuhara, High: North Central
Days on Market
85 days
MLS #
SAR202619874
Parcel #
35162.3111
Annual Taxes
$5,381
Total Building Area
3,136 sqft
MLS Area
A340/026
MLS Class
Rental Income
Listing Terms
Conventional, Cash
Road Frontage
City Street, Paved Road
Street Direction
E
Listed On
Jun 25, 2026
Status Changed
Aug 31, 2026
Last MLS Update
Aug 31, 2026
MLS Branch
328
Original List Price
$1,059,800
School Information
Elementary
Spokane Dist 81
Middle School
Yasuhara
High School
North Central
Home Features & Details
Architectural Style
Construction
Structure Type
Roof
Basement
Heating
Appliances
Views
Parking
Lot Features
Listed By
Peter Enkema
Coldwell Banker Tomlinson
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
$2,708/mo
Estimated at 6.5% APR, 30-year fixed. For informational purposes only.
Property Highlights
Location
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