$500,000
$560K PRICE DROP

Estimated payment $3,191/month

Total Views 5,721
8 Beds
4 Baths
3,136 Sq Ft
$159 Price per Sq Ft

Highlights

  • City View
  • Corner Lot
  • Baseboard Heating
  • Lewis & Clark High School Rated A
  • Landscaped with Trees
  • Laundry Facilities

About This Home

Investor opportunity with immediate upside potential. This fourplex features four spacious 2 bed, 1 bath units, each offering approximately 784 square feet of living space. Currently 50% occupied, the property presents a value-add opportunity through lease-up and rent stabilization, making it an attractive option for investors seeking increased cash flow and long-term appreciation. Existing rents range from $1,045 to $1,097 per month, with potential to bring rents in line with current market rates. Recent maintenance and turnover improvements position the next owner to capitalize on increased occupancy and operational efficiency. Conveniently located near downtown Spokane, major employers, public transportation, shopping, dining, and everyday amenities. Ideal for investors looking to expand their portfolio or complete a 1031 exchange while adding a property with strong income potential and room for growth.

Listing Agent

Peter Enkema

Coldwell Banker Tomlinson License #28824 Listed on: 06/25/2026

Coldwell Banker Tomlinson

Co-Listing Agent

Angie Davis

Coldwell Banker Tomlinson License #20119617

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,381

Year Built

  • Built in 1972

Lot Details

  • 10,890 Sq Ft Lot
  • Corner Lot
  • Sprinkler System
  • Landscaped with Trees

Property Views

  • City
  • Territorial

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,136 Sq Ft Home
  • 2-Story Property

Kitchen

  • Free-Standing Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • 1 Carport Space
  • Alley Access

Schools

  • Yasuhara Middle School
  • North Central High School

Utilities

  • Baseboard Heating
  • Hot Water Heating System
  • High Speed Internet

Community Details

  • 4 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 35162.3112

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,381

Year Built

Built in 1972

Lot Details

0.25 Acres

Listing Details

  • Year Built: 1972
  • Property Sub-Type: Residential Income
  • PropertyType: Residential Income
  • ResoLotFeatures: Sprinkler - Automatic, Treed, Corner Lot
  • Lot Size Acres: 0.25
  • Road Frontage Type: City Street, Paved Road
  • View Type:Pond View: City, Territorial
  • Reso Association Amenities: Laundry
  • Co List Office Mls Id: SAR676
  • Co List Office Phone: 509-467-7400
  • Co List Office Phone: 509-467-7400
  • MLS Status: Chg price
  • Architectural Style: Other
  • ResoBuildingAreaSource: Public Records
  • Reso Structure Type: Two Story
  • Master Plan Zoning: RES
  • HighSpeedInternet: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Appliances: Free-Standing Range, Dishwasher, Refrigerator, Microwave
  • Total Bedrooms: 8
  • Stories: 2

Exterior Features

  • Roof: Composition
  • Construction Type: Wood Siding

Garage/Parking

  • Parking Features: Carport, Alley Access
  • Total Parking Spaces: 4

Utilities

  • Heating: Electric, Baseboard, Hot Water
  • NumberOfRanges: 4

Schools

  • Elementary School: Stevens
  • High School: North Central
  • Middle Or Junior School: Yasuhara

Lot Info

  • Parcel Number: 35162.3112
  • Lot Size Sq Ft: 10890
  • Additional Parcels: No

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 5381

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax 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.

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
2026 $5,381 $522,200 $80,000 $442,200
2025 $4,622 $526,100 $80,000 $446,100
2024 $4,622 $465,960 $66,060 $399,900
2023 $4,322 $484,560 $66,060 $418,500
2022 $3,623 $442,060 $66,060 $376,000
2021 $3,078 $258,640 $38,540 $220,100
2020 $2,590 $209,540 $38,540 $171,000
2019 $2,291 $191,530 $27,530 $164,000
2018 $2,497 $179,430 $27,530 $151,900
2017 $2,452 $179,430 $27,530 $151,900
2016 $2,501 $179,030 $27,530 $151,500
2015 $2,607 $182,630 $27,530 $155,100
2014 -- $182,630 $27,530 $155,100
2013 -- $0 $0 $0
Source: Public Records

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
08/24/2026 08/24/26 Price Changed $500,000 -5.6% $159 / Sq Ft
07/14/2026 07/14/26 Price Changed $529,900 -50.0% $169 / Sq Ft
06/25/2026 06/25/26 For Sale $1,059,800 -- $338 / Sq Ft
Source: Spokane Association of REALTORS®

Source: Spokane Association of REALTORS®

MLS Number: 202619873

Spokane Association of REALTORS®

APN: 35162.3112

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