Listed by Kidder Mathews
$675,000

Estimated payment $4,106/month

Total Views 4,125
6 Beds
5 Baths
2,750 Sq Ft
$245 Price per Sq Ft

Highlights

  • No HOA
  • Baseboard Heating
  • 1-Story Property

About This Home

Turn-key apartment building in the highly desired, landlord friendly market of Spokane Valley. With studs up unit and system upgrades, buyers are perfectly positioned to immediately focus on rent increases without putting any capital improvements into the property.

Listing Agent

Max Frame

Kidder Mathews License #130533 Listed on: 05/07/2025

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2372432

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,137

Year Built

  • Built in 1951

Lot Details

  • 7,620 Sq Ft Lot
  • 35241.1903

Home Design

  • Wood Composite

Interior Spaces

  • 2,750 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Parking

  • 9 Parking Spaces
  • Open Parking

Utilities

  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Spokane Subdivision

Listing and Financial Details

  • Assessor Parcel Number 35241.1903

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,137

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1951
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 2750
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: 2.0%
  • Special Features: None

Interior Features

  • Possible Bedrooms: 6
  • Total Bedrooms: 6
  • Fireplace: No
  • Flooring: See Remarks
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: See Remarks
  • View: No
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood Products
  • Foundation Details: See Remarks
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 9
  • Open Parking: Yes
  • Total Parking Spaces: 9
  • ParkingUncoveredSpaces: 9

Utilities

  • Sewer: Available
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: Avista
  • SewerCompany: City of Spokane
  • WaterCompany: City of Spokane
  • WaterSewerGarbage: 2715

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Fee Information

  • Annual Fuel Expense: 2715

Schools

  • Junior High Dist: Spokane

Lot Info

  • Parcel Number: 35241.1903
  • Lot Size Acres: 0.1749
  • Lot Size: 7620
  • Lot Size Sq Ft: 7620
  • Additional Parcels Description: 35241.1903
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: County Assessor
  • MLSSquareFootageSource: Property Manager
  • ZoningJurisdiction: County

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 10.46
  • LeasedItems: None
  • TotalMonthlyIncome: 5100

Multi Family

  • Gross Scheduled Income: 64554
  • Net Operating Income: 39519
  • Number Of Units Total: 5
  • Electric Expense: 2715
  • Insurance Expense: 1100
  • Leasable Area: 2750
  • EnergySource: Electric
  • UnitsInBuildingTotal: 0
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2025
  • Tax Annual Amount: 5137

Map

Range of Values:

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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 Change Sq Ft Price
05/07/2025 05/07/25 For Sale $675,000 +164.7% $245 / Sq Ft
07/12/2018 07/12/18 Sold $255,000 +18.6% $102 / Sq Ft
06/22/2018 06/22/18 For Sale $215,000 -- $86 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2372432

Northwest Multiple Listing Service (NWMLS)