$450,000
Reduced 10% · Save $50,000
Joey Costello
Windermere North Spokane
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About This Home
Fully occupied 4-unit investment property just minutes from downtown Spokane and the Arena. Unit mix includes one studio, two 1-bedroom/1-bath units and one 2-bedroom/1-bath unit, currently generating approximately $3,350/month ($40,200/year) in gross rent. All tenants are month-to-month and pay their own electric and heat, creating immediate flexibility for the next owner. Current rents offer potential upside as units turn or rents are adjusted, subject to applicable landlord-tenant laws. Property also includes a large 3-car garage with workshop space, alley access and additional income potential. Fresh exterior paint, 2,730 sq ft, four existing income streams and room to improve performance. A solid opportunity for an investor looking for existing cash flow with value-add potential.
Property Details
Property Type
Residential Income
Year Built
1906
County
Spokane
Lot Size
0.16 acres
Living Area
2,730 sqft
Price / Sqft
$165
Garage
3-car
Schools
Elementary: Spokane Dist 81, Middle: Glover, High: North Central
Days on Market
64 days
MLS #
SAR202621003
Parcel #
35182.0702
Total Building Area
2,730 sqft
MLS Area
A330/024
MLS Class
Rental Income
Listing Terms
Conventional, Cash
Road Frontage
City Street, Paved Road
Street Direction
N
Listed On
Jul 16, 2026
Status Changed
Aug 6, 2026
Last MLS Update
Sep 15, 2026
MLS Branch
1180
Original List Price
$500,000
School Information
Elementary
Spokane Dist 81
Middle School
Glover
High School
North Central
Home Features & Details
Architectural Style
Construction
Structure Type
Roof
Basement
Heating
Appliances
Views
Parking
Lot Features
Other Structures
Listed By
Billy Deese
Deese Real Estate
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
$2,438/mo
Estimated at 6.5% APR, 30-year fixed. For informational purposes only.
Property Highlights
Location
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