Listed by Kidder Mathews
$850,000
$50K PRICE DROP

Estimated payment $5,084/month

Total Views 5,728
8 Beds
8 Baths
4,100 Sq Ft
$207 Price per Sq Ft

Highlights

  • No HOA
  • Forced Air Heating System
  • Property is in very good condition
  • North Central High School Rated A-

About This Home

Exceptional opportunity to own turnkey two-story townhomes built in 2011, offering the rare advantage of qualifying for residential financing as an owner-occupied investment. These spacious units command premium rents compared to standard apartments, with immediate upside—current rents have a 22% growth potential without any renovations. Residents enjoy updated building systems, an amenity-rich neighborhood filled with jobs, restaurants, and schools, plus excellent transit access with multiple bus stops within walking distance. Don’t miss this chance to invest in quality, location, and long-term income growth.

Listing Agent

Max Frame

Kidder Mathews License #130533 Listed on: 05/08/2025

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2372985

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,144

Year Built

  • Built in 2011

Lot Details

  • 6,000 Sq Ft Lot
  • 35073.1115
  • Property is in very good condition

Home Design

  • Quadruplex
  • Wood Composite

Interior Spaces

  • 4,100 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Parking

  • 4 Parking Spaces
  • Open Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System

Community Details

  • No Home Owners Association
  • Spokane Subdivision

Listing and Financial Details

  • Assessor Parcel Number 35073.1115

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,144

Year Built

Built in 2011

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 2011
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 4100
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: 2.5%
  • Special Features: None

Interior Features

  • Possible Bedrooms: 8
  • Total Bedrooms: 8
  • Fireplace: No
  • Flooring: See Remarks
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: See Remarks
  • View: No
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood Products
  • Foundation Details: See Remarks
  • Property Condition: Very Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Available
  • Water Source: Community
  • Cooling: Wall Unit(s)
  • Cooling Y N: Yes
  • Heating: Forced Air
  • Heating Yn: Yes
  • PowerCompany: Avista Power
  • SewerCompany: City of Spokane
  • WaterCompany: City of Spokane
  • WaterSewerGarbage: 1793

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Fee Information

  • Annual Fuel Expense: 1793

Schools

  • Junior High Dist: Spokane

Lot Info

  • Parcel Number: 35073.1115
  • Lot Size Acres: 0.1377
  • Lot Size Sq Ft: 6000
  • Additional Parcels Description: 35073.1115
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSLotSizeSource: County Assessor
  • MLSSquareFootageSource: Property Manager
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 12.62
  • LeasedItems: None
  • TotalMonthlyIncome: 5590

Multi Family

  • Gross Scheduled Income: 67341
  • Net Operating Income: 42388
  • Number Of Units Total: 4
  • Electric Expense: 1793
  • Insurance Expense: 1908
  • Leasable Area: 4100
  • EnergySource: Electric
  • UnitsInBuildingTotal: 0
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2025
  • Tax Annual Amount: 7144

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,144 $657,800 $65,000 $592,800
2024 $7,144 $720,900 $36,000 $684,900
2023 $6,383 $698,400 $36,000 $662,400
2022 $4,632 $653,400 $36,000 $617,400
2021 $4,820 $405,600 $30,000 $375,600
2020 $4,549 $368,800 $30,000 $338,800
2019 $4,281 $358,400 $30,000 $328,400
2018 $4,671 $336,000 $24,000 $312,000
2017 $3,689 $270,200 $24,000 $246,200
2016 $3,712 $266,000 $24,000 $242,000
2015 $3,794 $266,000 $24,000 $242,000
2014 -- $270,800 $24,000 $246,800
2013 -- $0 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/19/2025 08/19/25 Price Changed $850,000 -5.6% $207 / Sq Ft
05/08/2025 05/08/25 For Sale $900,000 +150.0% $220 / Sq Ft
09/29/2016 09/29/16 Sold $360,000 -4.0% --
07/21/2016 07/21/16 Pending -- -- --
07/21/2016 07/21/16 For Sale $375,000 -- --
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Available
Warranty Deed $360,000 First American Title Ins Co
Interfamily Deed Transfer -- First American Title Ins Co
Interfamily Deed Transfer -- Spokane County Title Co
Warranty Deed $40,280 First American Title Ins Co
Quit Claim Deed -- First American Title Ins Co
Contract Of Sale $40,000 First American Title Ins Co
Warranty Deed $23,280 First American Title Ins
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Warranty Deed $15,000 First American Title Ins
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $270,000 New Conventional
Previous Owner $200,000 New Conventional
Previous Owner $198,750 New Conventional
Closed $0 Seller Take Back
Source: Public Records

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2372985

Northwest Multiple Listing Service (NWMLS)

APN: 35073.1115