REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Luke Brown

info@lukebrownrealtor.com +1(208) 771-2401

Listed by Holly Stockton • eXp Realty, LLC

$ 389,000

Est. payment | -/mo

2,218 SqFt

Save

$ 389,000

Est. payment | -/mo

Save

2,218 SqFt

Key Details

Property Type Multi-Family

Sub Type Residential Income

Listing Status Active

Purchase Type For Sale

Square Footage 2,218 sqft

Price per Sqft $175

MLS Listing ID 202616832

Style Other

Year Built 1950

Annual Tax Amount $3,079

Lot Size 4,356 Sqft

Lot Dimensions 0.1

Property Sub-Type Residential Income

Property Description

Just a few blocks from Gonzaga University, this 5 bedroom, 2.5 bathroom investment property offers a prime opportunity to own a fully leased student rental in one of Spokane's strongest rental markets. Currently leased for the 2026–2027 school year at $2,600/month gross rent, this property provides immediate income with consistent demand driven by its close proximity to campus. Updates include a new water heater, new carpet in the basement and updated bathroom tile. The home features spacious living areas, original hardwood floors, off-street parking, a 1-car garage, and a sprinkler system for easy exterior maintenance. Whether you're expanding your portfolio or looking for a turnkey Gonzaga-area investment, this property checks all the boxes for location, functionality, and long-term rental appeal.

Location

State WA

County Spokane

Rooms

Basement Full

Interior

Heating Natural Gas, Forced Air

Appliance Free-Standing Range, Refrigerator, Washer, Dryer

Exterior

Parking Features Detached, Off Site

Garage Spaces 1.0

Amenities Available See Remarks

View Y/N true

Roof Type Composition

Building

Lot Description Sprinkler - Automatic, Level

Architectural Style Other

Structure Type Vinyl Siding

Schools

Elementary Schools Logan

Middle Schools Yasuhara

High Schools North Central

School District Spokane Dist 81

Others

Acceptable Financing FHA, VA Loan, Conventional, Cash

Listing Terms FHA, VA Loan, Conventional, Cash

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(208) 771-2401

info@lukebrownrealtor.com

250 Northwest Blvd STE 108, Coeur D'Alene, ID, 83814, USA

608 E Nora Ave Spokane, WA 99207