$1,742,000
PENDING

1405 W 8th Ave Spokane, WA 99204

Cliff-Cannon Neighborhood

Estimated payment $10,942/month

Total Views 2,925
18 Beds
13 Baths
9,372 Sq Ft
$186 Price per Sq Ft

Highlights

  • Baseboard Heating
  • Laundry Facilities
  • Community Storage Space
  • Sacajawea Middle School Rated A-

About This Home

Cedar Terrace Apartments presents an excellent investment opportunity with a strong mix of one- and two-bedroom units and consistent rental income. The property features eight spacious one-bedroom, one-bath apartments and five two-bedroom, one-bath apartments, collectively generating $14,776 per month in rental income. Residents enjoy convenient amenities, including an on-site laundry facility, with many units also offering the added benefit of in-unit washer and dryer setups. The beautifully landscaped grounds create an inviting atmosphere that enhances curb appeal and tenant satisfaction. Ideally located near restaurants, shopping, I-90, and downtown Spokane, Cedar Terrace combines accessibility with a comfortable living environment, making it a desirable option for both investors and tenants.

Listing Agent

Ryan Towner

LT Real Estate License #24027253 Listed on: 09/05/2025

Co-Listing Agent

Dallas Lightner

LT Real Estate License #26840

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 0.28 Acre Lot

Parking

  • Off-Site Parking

Home Design

  • Stone

Interior Spaces

  • 9,372 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 13 Bathrooms

Schools

  • Sacajawea Middle School
  • Lewis & Clark High School

Utilities

  • Ductless Heating Or Cooling System
  • Baseboard Heating

Listing and Financial Details

  • Assessor Parcel Number 25244.4001

Community Details

Overview

  • 13 Units

Amenities

  • Laundry Facilities
  • Community Storage Space

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Year Built: 1962
  • Property Sub-Type: Rental
  • PropertyType: Residential Income
  • Lot Size Acres: 0.28
  • Road Frontage Type: City Street, Paved Road
  • Reso Association Amenities: Laundry, Storage
  • Co List Office Mls Id: SAR1400
  • Co List Office Phone: 509-315-8720
  • Co List Office Phone: 509-315-8720
  • MLS Status: Pending
  • Reso Structure Type: Two Story
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Finished, Laundry
  • Basement YN: Yes
  • Total Bedrooms: 18
  • Stories: 2

Exterior Features

  • Roof: Composition
  • Construction Type: Stone, Wood Siding

Garage/Parking

  • Parking Features: Off Site

Utilities

  • Heating: Electric, Baseboard, Ductless

Schools

  • Elementary School: Roosevelt
  • High School: Lewis & Clark
  • Middle Or Junior School: Sacajawea

Lot Info

  • Parcel Number: 25244.4001
  • Lot Size Sq Ft: 12297

Multi Family

  • Number Of Units Total: 13

Map

Range of Values:

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Value Increase
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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/16/2025 10/16/25 Pending -- -- --
09/05/2025 09/05/25 For Sale $1,742,000 -- $186 / Sq Ft
Source: Spokane Association of REALTORS®

Source: Spokane Association of REALTORS®

MLS Number: 202523584

Spokane Association of REALTORS®
Washington Spokane County Spokane 99204 Cliff-Cannon

1405 W 8th Ave, Spokane, WA

Pending

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Ryan Towner
Listing Agent
Ryan Towner
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LT Real Estate
(509) 210-6471