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(509) 921-2121
Crane Real Estate Group
29 E 6th Ave, Spokane, WA 99202
- $2,700,000
- 13,048
- SqFt
- List Price
- $2,700,000
- MLS#
- 202624659
- Property Sub-Type
- Residential Income
- Current MLS Listing Sale Status
- Active
- Financing Terms
- Conventional, Cash, Commercial
- City
- Spokane
- Acres
- 46
Property Description
20-unit multifamily investment opportunity - (18) 2 Bed/1 Bath Units and (2) 1 Bed/1 Bath Units, located near Downtown Spokane and the Medical District. Built in 1978, this 13,048 SF property sits on approximately 0.46 acres and offers a strong combination of location, resident amenities, and income potential. The property features granite countertops, stainless-steel appliances, LVP flooring, covered parking, and on-site laundry facilities. Conveniently located near multiple parks and retail centers, with easy access to Downtown Spokane and the Medical District, this property offers an attractive investment opportunity. The property consists of 20 units with Effective Gross Income of $24,893.10 per month, an NOI of $198,639.09, and a 7.36% cap rate.
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Additional Information
- Year Built
- 1978
- MLS Area/Grid
- SE Urban S I-90
- MLS Area/Grid Number
- A210/030
- Parcel Number
- 35202.3924
- School District
- Spokane Dist 81
- High School
- Lewis & Clark
- Home Amenities
- Laundry
- Home Total Sq Ft
- 13,048
- Basement
- None
- Heating/Cooling
- Electric
- Roof Style
- Flat
- Frontage
- City Street, Paved Road
- Acres MOL
- 46
- Lot Size
- 20,093
- 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.