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Listed by Ryan Towner • LT Real Estate
$ 1,750,000
Est. payment | /mo
12,157 SqFt
$ 1,750,000
Est. payment | /mo
12,157 SqFt
Key Details
Property Type Multi-Family
Sub Type Rental
Listing Status Pending
Purchase Type For Sale
Square Footage 12,157 sqft
Price per Sqft $143
MLS Listing ID 202523513
Year Built 1907
Lot Size 0.320 Acres
Lot Dimensions 0.32
Property Sub-Type Rental
Property Description
This property presents a rare opportunity to acquire two buildings on one lot in the desirable South Hill neighborhood of Spokane. The property includes a well-maintained triplex featuring two spacious three-bedroom units and one two-bedroom unit, along with a separate nine-unit building comprised of seven two-bedroom units and two one-bedroom units. Together, the buildings generate a strong rental income of $14,864 per month, with additional upside from eight garages that provide extra rental revenue. Tenants benefit from on-site laundry facilities, with some apartments upgraded to feature their own in-unit laundry for added convenience. Located at 1204 W 8th Ave and 720 S Jefferson St, this property combines consistent income, prime location, and a diverse mix of units, making it a compelling investment opportunity in Spokane's multifamily market.
Location
State WA
County Spokane
Rooms
Basement Full, Finished, Daylight, Laundry
Interior
Heating Electric, Baseboard
Exterior
Parking Features Attached, Detached
Garage Spaces 4.0
Amenities Available Laundry
View Y/N true
Roof Type Composition,Metal
Building
Story 3
Structure Type Brick,Wood Siding
Schools
Elementary Schools Roosevelt
Middle Schools Sacajawea
High Schools Lewis & Clark
School District Spokane Dist 81
Others
Acceptable Financing Conventional, Cash, Commercial
Listing Terms Conventional, Cash, Commercial