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(509) 921-2121
Crane Real Estate Group
1303 W 13th Ave, Spokane, WA 99204
- $1,550,000
- 7,424
- SqFt
- List Price
- $1,550,000
- MLS#
- 202626401
- Property Sub-Type
- Residential Income
- Current MLS Listing Sale Status
- New
- Financing Terms
- Conventional, Cash, Commercial
- City
- Spokane
- Subdivision
- Booge's Addition
- Acres
- 0.37
Property Description
8-unit multifamily property on Spokane's South Hill (Cliff-Cannon) is 100% occupied, featuring eight 2 bed/1 bath units of approximately 1,000 SF each. The 2-story building was built in 1968 and sits on a .37 acre (16,250 SF) lot. Recent updates include a new roof and water heaters in 2025 and updated windows. Units offer electric heat, in-unit washer/dryers, and wood fireplaces in 4 units, with covered off-street parking plus an adjacent lot. Just minutes from Manito Park, Riverfront Park, restaurants, hospitals and transportation. Gross scheduled rent is $129,600 per year ($10,800/month), with an NOI of $91,446 and a 5.90% cap rate.
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Additional Information
- Year Built
- 1968
- MLS Area/Grid
- SW Urban S I-90
- MLS Area/Grid Number
- A220/040
- Parcel Number
- 35193.2501
- Property Taxes
- $8,977
- School District
- Spokane Dist 81
- Home Amenities
- Laundry, Storage
- Home Total Sq Ft
- 7,424
- Basement
- None
- Heating/Cooling
- Electric
- Roof Style
- Flat
- Frontage
- Paved Road, City Street
- Acres MOL
- 0.37
- Lot Size
- 16,250
- Property Sub-Type
- Residential Income
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Listing courtesy of SARMLS / LT Real Estate
Listings last updated . All information provided is deemed reliable but is not guaranteed and should be independently verified.