Bought with Jack Morse
$499,900
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1,694 SqFt
SOLD DATE : 11/04/2025
Key Details
Property Type Multi-Family
Sub Type Rental
Listing Status Sold
Purchase Type For Sale
Square Footage 1,694 sqft
Price per Sqft $280
MLS Listing ID 202522705
Style Craftsman
Year Built 2025
Annual Tax Amount $226
Lot Size 3,049 Sqft
Property Sub-Type Rental
Property Description
Now Complete, with full landscaping & fencing included! Located in one of north Spokane's nicer older/established neighborhoods. These units rent extremely fast & the cash on cash return on these lower priced duplexes is almost double of the larger duplexes that sell for 100K to 200K more! This single-story duplex offers 2 distinct units which provides great diversification on your investment: 3 bed/2 bath unit in the front; & a 1 bed/1 bath unit in the back. Functional with large windows & 9 foot ceilings throughout. Beautifully finished with designer colors & touches throughout, LVP floors, quartz countertops, A/C & more. Could be a perfect owner occupied house with in-law apartment or supplemental rental income. Take advantage of an estimated $3,745 / month steady income and a solid 7.2% projected cap rate! Stop spending time & money on repairs of older rental properties and get new duplex, complete with a 1-year builder warranty. We have more under construction in other locations - call for details!
Location
State WA
County Spokane
Interior
Heating Electric, Heat Pump, Ductless, See Remarks
Cooling Wall Unit(s), Other
Exterior
Parking Features Off Site, Alley Access
Amenities Available None
View Y/N true
Roof Type Composition
Building
Lot Description Fencing, Level, Surveyed
Story 1
Structure Type Siding,See Remarks
Schools
Elementary Schools Ridgview
Middle Schools Flett
High Schools Shadle Park
School District Spokane Dist 81
Others
Acceptable Financing FHA, VA Loan, Conventional, Cash
Listing Terms FHA, VA Loan, Conventional, Cash
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