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Luke Brown

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

Listed by Derek Raivio • LT Real Estate

$ 725,000

Est. payment | -/mo

9,147 Sqft Lot

Save

$ 725,000

Est. payment | -/mo

Save

9,147 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Residential Income

Listing Status Active

Purchase Type For Sale

MLS Listing ID 202617285

Year Built 1981

Lot Size 9,147 Sqft

Lot Dimensions 0.21

Property Sub-Type Residential Income

Property Description

Exceptional investor or owner-occupant opportunity featuring a well-maintained fourplex in North Spokane within the desirable Mead School District. With strong rental history and quality updates throughout, this property offers excellent income potential and long-term value. Each unit features just under 1,000 SF with 2 bedrooms, 2 bathrooms, including a primary suite, plus LVP flooring, updated cabinetry, stainless steel appliances, updated vinyl windows, in-unit laundry, and individual A/C units. Residents also enjoy private balconies or porches, off-street parking, and detached garages for added convenience and income potential. Gross Monthly Income: $5,360. NOI: $51,453.83. Cap Rate: 7.1%. Potential to package 803 W Knox Ave and 1511-1517 W Euclid Ave for expanded investment opportunity.

Location

State WA

County Spokane

Rooms

Basement None

Interior

Heating Electric, Baseboard

Cooling Window Unit(s)

Exterior

Parking Features Detached, Off Site

Garage Spaces 1.0

Amenities Available None

View Y/N true

Roof Type Composition

Building

Structure Type Masonite

Schools

Elementary Schools Shiloh

Middle Schools Mountainside

High Schools Mt Spokane

School District Mead

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

8705 N Colton St Spokane, WA 99218