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Listed by Ryan Towner • LT Real Estate
$ 1,322,785
Est. payment | /mo
6,740 SqFt
$ 1,322,785
Est. payment | /mo
6,740 SqFt
Key Details
Property Type Multi-Family
Sub Type Rental
Listing Status Active
Purchase Type For Sale
Square Footage 6,740 sqft
Price per Sqft $196
MLS Listing ID 202515272
Year Built 1890
Lot Size 0.530 Acres
Lot Dimensions 0.53
Property Sub-Type Rental
Property Description
Located just minutes from I-90 and downtown Spokane, this well-maintained 11-unit apartment building offers a strong mix of units and reliable income in a highly accessible location. The property features seven one-bedroom units, two two-bedroom units, one three-bedroom unit, and one studio, with a total monthly rental income of $11,127. Recent unit updates have enhanced the appeal of this classic building, offering tenants a comfortable and modern living experience. Each unit benefits from thoughtful upgrades and functional layouts, while the on-site laundry facilities add convenience. A large private parking lot provides ample off-street parking—an added bonus in this central location. With steady cash flow, proximity to downtown amenities, and easy freeway access, this property is a great opportunity for investors seeking a stabilized asset with long-term upside.
Location
State WA
County Spokane
Rooms
Basement Partial, Partially Finished
Interior
Heating Electric, Baseboard
Exterior
Parking Features Off Site, See Remarks
Amenities Available Laundry
View Y/N true
Roof Type Flat
Building
Story 2
Structure Type Stucco
Schools
Elementary Schools Roosevelt
Middle Schools Sacajawea
High Schools Lewis & Clark
School District Spokane Dist 81
Others
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash