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(509) 921-2121
Crane Real Estate Group
1405 W 8th Ave, Spokane, WA 99204
- $1,600,000
- 9,372
- SqFt
- List Price
- $1,600,000
- Price Change
- ▼ $100,000 1790067155
- MLS#
- 202622556
- Property Sub-Type
- Residential Income
- Current MLS Listing Sale Status
- Active
- Financing Terms
- Conventional, Cash, Commercial
- City
- Spokane
- Acres
- 28
Property Description
13-unit multifamily investment opportunity featuring 8 one-bedroom/one-bath units and 5 two-bedroom/one-bath units. The property generates $16,092.13 in Effective Gross Income and offers an on-site laundry facility, beautifully landscaped grounds, and a convenient location near restaurants, shopping, I-90, and Downtown Spokane. Investment highlights include a $114,247.54 NOI and a 7.14% cap rate, providing an attractive opportunity for investors seeking established rental income in a convenient Spokane location.
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Additional Information
- Year Built
- 1962
- MLS Area/Grid
- SW Urban S I-90
- MLS Area/Grid Number
- A220/040
- Parcel Number
- 25244.4001
- School District
- Spokane Dist 81
- Home Amenities
- None
- Home Total Sq Ft
- 9,372
- Basement
- None
- Heating/Cooling
- Baseboard
- Roof Style
- Composition
- Frontage
- City Street, Paved Road
- Acres MOL
- 28
- Lot Size
- 12,297
- 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.