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(509) 921-2121
Crane Real Estate Group
802 E Baldwin Ave, Spokane, WA 99207
- $539,000
- List Price
- $539,000
- Price Change
- ▼ $10,000 1786656773
- MLS#
- 202615914
- Property Sub-Type
- Residential Income
- Current MLS Listing Sale Status
- BOM
- Financing Terms
- Conventional, Cash, Commercial
- City
- Spokane
- Acres
- 0.16
Property Description
$5,470/month in current gross rents! This 6-unit Spokane investment property generates approximately $65,640/year in gross rental income at the current rent roll. Unit mix includes three 1-bedroom/1-bath units, two 2-bedroom/1-bath units and one 3-bedroom/1-bath unit, providing six separate income streams and a diverse tenant mix. Offered at $539,000, that's under $90,000 per unit with an 8.21 gross rent multiplier. Property also includes a 3-car garage and sits on a corner lot in the Logan neighborhood near Gonzaga, downtown and area amenities. An opportunity to acquire an established multifamily property with substantial existing income and potential for future improvement.
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Additional Information
- Year Built
- 1900
- MLS Area/Grid
- NE Urban N I-90
- MLS Area/Grid Number
- A340/025
- Parcel Number
- 35084.2513
- School District
- Spokane Dist 81
- Home Amenities
- None
- Garage Spaces
- 3
- Basement
- Full, Finished
- Heating/Cooling
- Gas, Forced Air
- Roof Style
- Composition
- Frontage
- City Street, Paved Road
- Acres MOL
- 0.16
- Lot Size
- 6,970
- Lot Information
- Fenced Yard, Sprinkler - Automatic, Level, Corner Lot, City Bus (w/in 6 blks)
- Property Sub-Type
- Residential Income
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Listing courtesy of SARMLS / Deese Real Estate
Listings last updated . All information provided is deemed reliable but is not guaranteed and should be independently verified.