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Listed by Nathan Hall • Amplify Real Estate Services
$ 540,000
Est. payment | /mo
3,082 SqFt
$ 540,000
Est. payment | /mo
3,082 SqFt
Key Details
Property Type Multi-Family
Sub Type Rental
Listing Status Active
Purchase Type For Sale
Square Footage 3,082 sqft
Price per Sqft $175
MLS Listing ID 202524783
Style Traditional
Year Built 1909
Lot Size 5,662 Sqft
Lot Dimensions 0.13
Property Sub-Type Rental
Property Description
Introducing 1308 W Nora Ave, a fully renovated conforming four-plex located in one of Spokane's fastest-growing neighborhoods. Vacant and move-in ready, it offers investors a turnkey opportunity with strong immediate cash flow and long-term upside. Each unit is separately metered with its own water heater, keeping costs low and management simple. Projected total rents are approximately $5,800 per month, providing excellent income potential and solid returns. Extensive renovations throughout ensure very low maintenance expenses for years to come. Updates include new windows, plumbing, and electrical systems, fresh interior and exterior paint, modern flooring, doors, and finishes, along with reconfigured layouts for improved flow and functionality. The basement unit is a 2 bed / 1 bath, the main level is a 2 bed / 1 bath, and the two upper units are 1 bed / 1 bath each. Larger units feature in-unit washer/dryer hookups for added convenience. Out back, a graveled parking area provides multiple off-street spa
Location
State WA
County Spokane
Rooms
Basement Finished
Interior
Heating Natural Gas, Baseboard
Exterior
Parking Features Detached
Amenities Available None
View Y/N true
Roof Type Composition
Building
Story 2
Architectural Style Traditional
Structure Type Wood Siding
Schools
Elementary Schools Holmes Elementary
Middle Schools Yasuhara Middle School
High Schools North Central
School District Spokane Dist 81
Others
Acceptable Financing FHA, VA Loan, Conventional, Cash
Listing Terms FHA, VA Loan, Conventional, Cash