$830,500
Joey Costello
Windermere North Spokane
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About This Home
High-Yield Multifamily Opportunity in Spokane! This fully renovated 8-unit apartment building offers investors an exceptional 9.66% CAP Rate in a high-demand rental market. Every unit has been updated, significantly reducing immediate capital expenditure risk and supporting a "turn-key" ownership experience. The property’s desirability is proven by its recent performance. Introducing a turnkey fully renovated, centrally located 8-unit multi-family nestled in the heart of Spokane. This historic property exudes old-world charm and presents an attravtive investment opportunity. With alley access , there's ample off-street parking, a significant asset in any urban setting. A shared laundry facility adds conveniece for residence and separately metered units allow for straightforward utility management. Its proximity to downtown and Kendall Yards makes it an attractive choice for those desiging central, vibrant living. Don't miss this opportunity to invest in a piece of Spokane's history with excellent return
Property Details
Property Type
Residential Income
Year Built
1905
County
Spokane
Lot Size
0.14 acres
Living Area
4,309 sqft
Price / Sqft
$193
Total Parking
10 spaces
Schools
Elementary: Spokane Dist 81, Middle: Yasuhara, High: North Central
Days on Market
45 days
MLS #
SAR202622104
Parcel #
35073.4503
Annual Taxes
$7,227
Total Building Area
4,309 sqft
MLS Area
A330/022
MLS Class
Rental Income
Listing Terms
Conventional, Cash, Exchange, Commercial
Road Frontage
City Street, Paved Road
Street Direction
W
Listed On
Aug 4, 2026
Status Changed
Aug 12, 2026
Last MLS Update
Aug 21, 2026
MLS Branch
165
School Information
Elementary
Spokane Dist 81
Middle School
Yasuhara
High School
North Central
Home Features & Details
Architectural Style
Construction
Structure Type
Roof
Basement
Heating
Cooling
Utilities
Appliances
Interior Features
Parking
Lot Features
Listed By
Jessica Morales
EXIT Real Estate Professionals
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
$4,499/mo
Estimated at 6.5% APR, 30-year fixed. For informational purposes only.
Property Highlights
Location
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