$750,000
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Joey Costello
Windermere North Spokane
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About This Home
Well-maintained and continuous upgrades made to this 7-unit apartment building in the heart of Spokane Valley. This property is offering stable cash flow and long-term investment potential. Cared for by the same family for many years and features a desirable unit mix of 2 bedrooms and 1 bedrooms units that have had significant upgrades—all currently occupied with a strong rental history. The property is generating approximately $6,820 in monthly rental income, while the pro forma supports a projected 6+% cap rate through simple market rent adjustments. A common laundry room in the basement provides additional income potential and added convenience for residents. Investors will appreciate the pride of ownership, low-maintenance operation, and the benefits of owning in Spokane Valley, including friendlier landlord regulations, lower utility costs, and consistently strong rental demand. A quality, turnkey asset with both dependable income and future upside.
Property Details
Property Type
Residential Income
Year Built
1915
County
Spokane
Lot Size
0.17 acres
Living Area
5,304 sqft
Price / Sqft
$141
Schools
Elementary: Central Valley, Middle: Bowdish, High: University
Days on Market
64 days
MLS #
SAR202621077
Parcel #
45204.0658
Annual Taxes
$5,107
Total Building Area
5,304 sqft
MLS Area
A110/076
MLS Class
Rental Income
Listing Terms
FHA, VA Loan, Conventional, Cash
Road Frontage
City Street, Paved Road
Street Direction
E
Listed On
Jul 16, 2026
Status Changed
Aug 6, 2026
Last MLS Update
Aug 6, 2026
MLS Branch
1199
Original List Price
$775,000
School Information
Elementary
Central Valley
Middle School
Bowdish
High School
University
Home Features & Details
Architectural Style
Construction
Structure Type
Roof
Basement
Heating
Appliances
Patio & Porch
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
$4,063/mo
Estimated at 6.5% APR, 30-year fixed. For informational purposes only.
Property Highlights
Location
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