$400,000
SOLD JUL 31, 2025

1406 S Cedar St Unit 1408 Spokane, WA 99203

Cliff-Cannon Neighborhood
4 Beds
2 Baths
3,168 Sq Ft
4,613 Sq Ft Lot

Recently Sold

$126 Per Sq Ft

20% Below List Price

40 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • Wood Frame Window
  • Sacajawea Middle School Rated A-
  • Fenced Yard
  • 2 Car Attached Garage

About This Home

As of July 2025

Discover the charm of this classic 50's rancher duplex located on the South Hill. Each of the two spacious units features 2 bedrooms and updated tiled baths, cozy living rooms with electric fireplaces and built-in hutches in the dining areas. With 1,584 sq ft per unit up & down, there's ample living space. The property includes full unfinished basements with substantial storage and a two-car attached garage. Recent updates such as LVP flooring, carpet, paint, vinyl windows and a new roof in 2024 contribute to the impeccable condition of the duplex, making it an easy-to-rent investment opportunity. 1406 has recently been completely remodeled with new flooring, paint, kitchen cabinets, counters, sink & faucet, lighting & hardware and is available to be rented or would be a great owner occupied unit. 1408 is currently rented with excellent tenants (lease is up at the end of June, 2025).

Last Agent to Sell the Property

Sabrina Jones-Schroeder

EXIT Real Estate Professionals Brokerage Phone: (509) 879-8800 License #2098 Listed on: 06/04/2025

EXIT Real Estate Professionals

Last Buyer's Agent

Sabrina Jones-Schroeder

EXIT Real Estate Professionals Brokerage Phone: (509) 879-8800 License #2098 Listed on: 06/04/2025

EXIT Real Estate Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,258

Year Built

  • Built in 1954

Lot Details

  • 4,613 Sq Ft Lot
  • Fenced Yard
  • Corner Lot
  • Level Lot
  • Open Lot
  • Sprinkler System

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Interior Spaces

  • 3,168 Sq Ft Home
  • 1-Story Property
  • Woodwork
  • Fireplace Features Masonry
  • Vinyl Clad Windows
  • Wood Frame Window
  • Wood Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Free-Standing Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Schools

  • Sacajaweah Middle School
  • Lewis & Clark High School

Utilities

  • Forced Air Heating System
  • High Speed Internet
  • Cable TV Available

Community Details

  • 2 Units
  • Water Sewer Expense $3,420

Listing and Financial Details

  • Assessor Parcel Number 25251.0101

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,258

Year Built

Built in 1954

Lot Details

0

Parking

2

Listing Details

  • Year Built: 1954
  • Property Sub-Type: Rental
  • PropertyType: Residential Income
  • ResoLotFeatures: Fenced Yard, Sprinkler - Automatic, Level, Open Lot, Corner Lot
  • Lot Size Acres: 0.11
  • Road Frontage Type: City Street, Paved Road
  • Reso Association Amenities: Cable TV, High Speed Internet, None
  • Attribution Contact: Phone: (509) 879-8800
  • Co List Office Phone: 509-535-8400
  • MLS Status: Sold
  • Architectural Style: Ranch
  • Reso Fireplace Features: Masonry
  • Reso Interior Features: Natural Woodwork, Windows Vinyl, Multi Pn Wn
  • Reso Structure Type: One Story
  • Reso Window Features: Wood Frames
  • HighSpeedInternet: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Unfinished, Laundry
  • Appliances: Free-Standing Range, Dishwasher, Refrigerator, Disposal
  • Basement YN: Yes
  • Total Bedrooms: 4
  • Flooring: Wood
  • Stories: 1

Exterior Features

  • Roof: Composition
  • Construction Type: Brick Veneer, Masonite

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Attached, Garage Door Opener
  • Total Parking Spaces: 910

Utilities

  • Cooling: Other
  • Heating: Natural Gas, Forced Air, See Remarks
  • NumberOfRanges: 2

Fee Information

  • Annual Water Sewer Expense: 3420

Schools

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

Lot Info

  • Parcel Number: 25251.0101
  • Lot Size Sq Ft: 4613

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 3258

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2025
Closed on
Jul 29, 2025
Sold by
M 2 Properties Llc
Bought by
Schroeder Jeffrey L and Jones-Schroeder Sabrina K
Seller's Agent
Sabrina Jones-Schroeder
EXIT Real Estate Professionals
Buyer's Agent
Sabrina Jones-Schroeder
EXIT Real Estate Professionals
List Price
$499,900
Sold Price
$400,000
Premium/Discount to List
-$99,900
-19.98%
Views
329

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
298.80%
Original Mortgage
$360,000
Outstanding Balance
$360,000
Interest Rate
6.81%
Mortgage Type
Seller Take Back
Estimated Equity
$139,092

Purchase Details

Closed on
Oct 11, 2018
Sold by
Moyer James R and Moyer James Robert
Bought by
M 2 Properties Llc

Purchase Details

Closed on
Jul 19, 2012
Sold by
Lightfoot Donald and Lightfoot Haideh
Bought by
Moyer James Robert and Moyer Penny Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,400
Interest Rate
3.63%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $400,000 Spokane County Title
Warranty Deed -- None Available
Warranty Deed $172,280 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $360,000 Seller Take Back
Previous Owner $120,400 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2025 07/31/25 Sold $400,000 -20.0% $126 / Sq Ft
07/14/2025 07/14/25 Pending -- -- --
06/04/2025 06/04/25 For Sale $499,900 -- $158 / Sq Ft
Source: Spokane Association of REALTORS®

Tax History Compared to Growth

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 $3,412 $406,900 $77,400 $329,500
2024 $3,412 $343,700 $67,500 $276,200
2023 $3,289 $336,100 $80,000 $256,100
2022 $3,213 $336,100 $80,000 $256,100
2021 $2,941 $247,100 $38,000 $209,100
2020 $2,896 $234,400 $35,000 $199,400
2019 $2,671 $223,400 $35,000 $188,400
2018 $2,675 $192,200 $30,000 $162,200
2017 $2,389 $174,800 $30,000 $144,800
2016 $2,369 $169,600 $30,000 $139,600
2015 $2,346 $164,300 $30,000 $134,300
2014 -- $164,300 $30,000 $134,300
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Spokane Association of REALTORS®

MLS Number: 202519027

Spokane Association of REALTORS®

APN: 25251.0101