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$449,900

2,002 sqft
37 days
Residential Income|Built 1906
Joey Costello

Joey Costello

Windermere North Spokane

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|(509) 507-0982

About This Home

Cash-Flowing Triplex with Value-Add Potential! Fully occupied and producing $3,275 per month in gross rental income ($39,300 annually), this investment property offers immediate returns and long-term upside. The unit mix includes one 2-bedroom unit and two 1-bedroom units with established rents of $1,400, $1,000, and $875 per month. Great South hill location! Investors will appreciate the opportunity to further increase returns through future rent adjustments, property enhancements, improved operational efficiencies, and potential basement unit expansion. With tenants already in place and income from day one, this property checks the boxes for investors seeking both stability and growth. New roof in 2019 and new vinyl windows in 2025. Rare opportunity to acquire a performing asset with existing cash flow and multiple strategies for increasing value and maximizing ROI. Showings available with accepted offer. AI was used to remove tenant personal items. Buyer and buyer's agent to verify all information.

Property Details

Property Type

Residential Income

Year Built

1906

County

Spokane

Lot Size

0.06 acres

Living Area

2,002 sqft

Price / Sqft

$225

Schools

Elementary: Spokane Dist 81, Middle: Sacajawea, High: Lewis & Clark

Days on Market

37 days

MLS #

SAR202622528

Parcel #

25244.1502

Total Building Area

2,002 sqft

MLS Area

A220/040

MLS Class

Rental Income

Listing Terms

Conventional, Cash

Road Frontage

City Street, Private Road

Street Direction

S

Listed On

Aug 13, 2026

Status Changed

Aug 20, 2026

Last MLS Update

Aug 20, 2026

MLS Branch

552

School Information

Elementary

Spokane Dist 81

Middle School

Sacajawea

High School

Lewis & Clark

Home Features & Details

Construction

Wood Siding

Structure Type

Two Story

Roof

Composition

Basement

LaundryWalk-Out Access

Heating

Natural GasElectricForced AirBaseboard

Cooling

Wall Unit(s)

Appliances

Free-Standing RangeDishwasherRefrigerator

Fireplace Features

MasonryWoodburning Fireplce

Parking

None

Lot Features

City Bus (w/in 6 blks)

Listed By

Chris Patton

Kelly Right Real Estate of Spokane

Estimated Monthly Payment

$2,437/mo

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

Property Highlights

Year Built1906
Square Footage2,002 sqft
Lot Size0.06 acres
Price / Sqft$225
StatusActive

Location

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