1225 E 29th Ave Unit 1301 E 29th Ave Spokane, WA 99203
Rockwood NeighborhoodEstimated payment $7,601/month
Highlights
- Deck
- Contemporary Architecture
- Territorial View
- Hutton Elementary School Rated A-
- Property is near public transit
- Fenced Yard
About This Home
Turnkey 4-unit multifamily investment opportunity featuring two duplexes on separate parcels. Each of the four units offers a spacious 3-bedroom, 2-bath floor plan designed for strong tenant appeal and long-term rental demand. Recent capital improvements include new roofs on both residential buildings and all garages, plus new walkways, stairwells, and four private decks, reducing future maintenance costs while enhancing curb appeal and tenant enjoyment. 3 units are currently occupied by long-term tenants, providing immediate cash flow. Current rents are below market, offering investors a clear opportunity to increase income and improve returns over time. A standout feature is the assumable loan with a 5.5% interest rate fixed for 5 years and no assumption fee—a rare financing advantage in today's market. With stable occupancy, major upgrades, rental upside, and attractive financing, this property is an excellent opportunity for investors seeking strong cash flow and long-term growth potential!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,944
Year Built
- Built in 1977
Lot Details
- 14,200 Sq Ft Lot
- Fenced Yard
- Landscaped with Trees
- 35294.2717
Parking
- 6 Car Detached Garage
- Shared Driveway
- Off-Site Parking
- Assigned Parking
Home Design
- Duplex
- Contemporary Architecture
- Slab Foundation
- Siding
Interior Spaces
- 4,560 Sq Ft Home
- 2-Story Property
- Wood Burning Fireplace
- Fireplace Features Masonry
- Utility Room
- Territorial Views
Kitchen
- Free-Standing Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 12 Bedrooms
- 8 Bathrooms
Laundry
- Dryer
- Washer
Basement
- Basement Fills Entire Space Under The House
- Basement with some natural light
Outdoor Features
- Deck
- Patio
- Playground
Location
- Property is near public transit
Schools
- Sacajawea Middle School
- Lewis & Clark High School
Utilities
- Ductless Heating Or Cooling System
- Zoned Heating
- High Speed Internet
Community Details
- 4 Units
Listing and Financial Details
- Assessor Parcel Number 35294.2716
Map
Home Values in the Area
Average Home Value in this Area
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/10/2026 06/10/26 | For Sale | $1,250,000 | -- | $274 / Sq Ft |
Source: Spokane Association of REALTORS®
MLS Number: 202619013
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Listings courtesy of Spokane Association of REALTORS® as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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Ask me questions while you tour the home.