NOT LISTED FOR SALE

1111 E Newark Ave Unit 828 W Cleveland Ave Spokane, WA 99202

East Central Neighborhood
-- Bed
-- Bath
2,464 Sq Ft
5,825 Sq Ft Lot

Last Sold June 08, 2022

Last sale price $400,000 $162 Per Sq Ft

1 Day on Market

Highlights

  • Craftsman Architecture
  • Baseboard Heating
  • Community Storage Space
  • Sacajawea Middle School Rated A-
  • High Speed Internet
  • Wood Siding

About This Home

As of June 2022

Great opportunity to own 2 performing multi-family properties, 9 units in total! Huge upside in rents with a 14.3% pro-forma Cash on Cash ROI and 7.59% Cap rate! Current Gross rents bring in over $7k month with room for upside on MO/MO leases! Talk about cashflow! All tenants pay rent on time each month and prefer to stay. Cleveland, 5 unit building near Corbin Park and the senior center, is a very convenient location and easy to lease out. Units have beautiful hardwood floors and most have been updated in the last few years. Cleveland has on-site coin-op laundry facilities for tenants use. Newark is a 4 unit building and a very brief walk to the upcoming South Hill Perry District with shopping and dining abundance. Each unit has W/D in the units and are very spacious. BD/BA mix varies between the buildings, call LA for more details. Newark has off street parking for tenants. Ask your favorite agent, or call/text LA for the dropbox link to see all the uploaded photos and information for both properties.

Last Agent to Sell the Property

Lawrence Wilson

Extant Realty License #137749 Listed on: 03/23/2022

Last Buyer's Agent

Brandi Graham-Snow

Windermere North License #101592

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1903

Lot Details

  • 5,825 Sq Ft Lot

Home Design

  • Craftsman Architecture
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,464 Sq Ft Home
  • 2-Story Property
  • Partially Finished Basement

Parking

  • Off-Street Parking
  • Assigned Parking

Utilities

  • Baseboard Heating
  • High Speed Internet

Community Details

  • 9 Units
  • Community Storage Space
  • Insurance Expense $3,400

Listing and Financial Details

  • Assessor Parcel Number 35204.0306

Property Details

Home Type

Multi-Family

Year Built

Built in 1903

Lot Details

0

Listing Details

  • Sub Type: Rental Income
  • Access: Pub Rd, Paved
  • Class: Rental Income
  • Excluded Items: Any tenant owned items
  • Year Built: 1903
  • Style Of Construction: 2 Story
  • Lvt Date: 03/23/2022
  • Common Interest Community: No
  • Geo Address Line: 1111 E Newark Ave
  • Geo Primary City: Spokane
  • Geo Quality: 0.95
  • Geo Subdivision: WA
  • Geo Update Timestamp: 3/23/2022 9:23:25 PM
  • Geo Zoom Level: 15
  • Year Renovated: 2019
  • Allow Public Comments: No
  • High Speed Internet Avail: Yes
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Approx Sq Ft: 2464
  • Price Per Sq Ft: 162.34
  • Number of Stories: 2
  • Basement: Partial, Part Fin
  • Special Features: Wood Flr
  • Design: Craftsman

Exterior Features

  • Exterior: Wood
  • Roof: Comp

Garage/Parking

  • Carport Size: 0
  • Garage Parking: Off St Prkg, Asigned Sp
  • Garage Size: 0

Utilities

  • Heating/Cooling: Basebd
  • Power Company: Avista
  • Water Company: Spokane

Condo/Co-op/Association

  • Common Amenities: Storage

Schools

  • School District: Spokane Dist 81
  • School District: Spokane Dist 81

Lot Info

  • Acres Mol: 0.13
  • Estimated Lot Sq Ft: 5825
  • Lot Information: Bus Rt
  • Parcel Number: 35204.0306
  • Site Improvements: Pub Sewer, Swr Conn, Pub Wtr
  • Additional Assessor Parcel Numbers: 35072.1612

Tax Info

  • Tax Database Id: 1
  • Assessor Parcel Number: 35204.0306

Multi Family

  • Number Of Units: 9

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/08/2022 06/08/22 Sold $400,000 -51.5% $162 / Sq Ft
03/24/2022 03/24/22 Pending -- -- --
03/23/2022 03/23/22 For Sale $825,000 -- $335 / Sq Ft
Source: Spokane Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Lawrence Wilson

    Seller's Agent in 2022

    Lawrence Wilson

    Extant Realty

    (509) 999-6231

    3 in this area

    65 Total Sales

    Section Image
  • Brandi Graham-Snow

    Buyer's Agent in 2022

    Brandi Graham-Snow

    Windermere North

    (509) 435-7674

    4 in this area

    214 Total Sales

    Section Image
See All Agents

Map

Source: Spokane Association of REALTORS®

MLS Number: 202212722

Spokane Association of REALTORS®

Washington Spokane County Spokane 99202 East Central

1111 E Newark Ave Unit 828 W Cleveland Ave, Spokane, WA

This home is located at 1111 E Newark Ave Unit 828 W Cleveland Ave, Spokane, WA 99202 since 23 March 2022. This property was built in 1903. 1111 E Newark Ave Unit 828 W Cleveland Ave is a home located in Spokane County with nearby schools including Grant Elementary School, Sacajawea Middle School, and Lewis & Clark High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Spokane Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

Nearby Homes