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$445,000

Reduced 6% · Save $30,000
83 days
Residential Income|Built 1948
Joey Costello

Joey Costello

Windermere North Spokane

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About This Home

Fully occupied fourplex generating $2,950 per month in gross rental income. The unit mix includes one 2-bedroom unit and three 1-bedroom units, with current rents of $1,200, $700, $525, and $525 per month. This is an excellent opportunity for investors seeking immediate cash flow with additional upside through improved management, property improvements, and future rent increases, or by adding a 5th unit. The property is fully tenant occupied, providing income from day one. Whether you're an experienced investor looking for your next value-add project or someone looking to grow a rental portfolio, this property offers the chance to increase long-term returns while generating income from the start. Entire, 4 property portfolio available as a package.

Property Details

Property Type

Residential Income

Year Built

1948

County

Spokane

Lot Size

0.15 acres

Schools

Elementary: Spokane Dist 81

Days on Market

83 days

MLS #

SAR202620014

Parcel #

36343.2904

MLS Area

A340/014

MLS Class

Rental Income

Listing Terms

Conventional, Cash

Road Frontage

City Street, Paved Road

Street Direction

E

Listed On

Jun 27, 2026

Status Changed

Aug 6, 2026

Last MLS Update

Aug 6, 2026

MLS Branch

1180

Original List Price

$475,000

School Information

Elementary

Spokane Dist 81

Home Features & Details

Architectural Style

Traditional

Construction

Masonite

Structure Type

One and a Half Story

Roof

Composition

Basement

FullFinished

Heating

Natural GasElectricForced AirBaseboard

Appliances

Free-Standing RangeRefrigerator

Views

Territorial

Parking

None

Lot Features

FencingLevel

Listed By

Billy Deese

Deese Real Estate

Estimated Monthly Payment

$2,410/mo

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

Property Highlights

Year Built1948
Lot Size0.15 acres
StatusActive

Location

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