407 W 1st Ave Ritzville, WA 99169
Estimated payment $2,756/month
Highlights
- No HOA
- Wood Siding
- 1-Story Property
- Baseboard Heating
- Carpet
About This Home
Investment opportunity in the bustling town of Ritzville! Motel built in 1950 has been mostly remodeled with 8 studio apartments, one 1-bedroom unit with a full kitchen, two 2-bedroom units with a full kitchen, and a remodeled office space. New exterior paint, a coin-op laundry room was added and a brand new roof was installed in 2025. Each studio unit has it's own bathroom, a hot plate, microwave, and a small fridge. There are two studio units that need to be remodeled with the potential for 11 total units of income.
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2461556
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,465
Year Built
- Built in 1950
Lot Details
- 10,000 Sq Ft Lot
Parking
- 12 Parking Spaces
Home Design
- Concrete Foundation
- Composition Roof
- Wood Siding
- Metal Construction or Metal Frame
- Vinyl Construction Material
Interior Spaces
- 1 Bathroom
- 4,004 Sq Ft Home
- 1-Story Property
Flooring
- Carpet
- Laminate
- Vinyl
Utilities
- Cooling System Mounted In Outer Wall Opening
- Window Unit Cooling System
- Baseboard Heating
- Heating System Mounted To A Wall or Window
Community Details
- No Home Owners Association
- Ritzville Subdivision
Listing and Financial Details
- Legal Lot and Block 1&2 / 24
- Assessor Parcel Number 1935230502401
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2024 | $3,010 | $238,400 | $13,500 | $224,900 |
| 2023 | $3,010 | $219,400 | $12,500 | $206,900 |
| 2022 | $2,456 | $172,500 | $12,000 | $160,500 |
| 2021 | $2,323 | $172,500 | $12,000 | $160,500 |
| 2020 | $2,260 | $155,900 | $10,000 | $145,900 |
| 2019 | $2,213 | $155,900 | $10,000 | $145,900 |
| 2018 | $2,213 | $155,900 | $10,000 | $145,900 |
| 2017 | $1,950 | $155,900 | $10,000 | $145,900 |
| 2016 | $2,235 | $155,900 | $10,000 | $145,900 |
| 2015 | $2,235 | $161,500 | $10,000 | $151,500 |
| 2014 | $2,235 | $161,500 | $10,000 | $151,500 |
| 2012 | $2,235 | $161,500 | $10,000 | $151,500 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/16/2025 12/16/25 | For Sale | $469,000 | -- | $117 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $545,000 | None Listed On Document | |
| Warranty Deed | -- | Frontier Title | |
| Satisfaction Of Land Contract Or Release Satisfaction Of Agreement Of Sale Fee Property | $99,000 | None Available | |
| Warranty Deed | $160,000 | Chicago Title Insurance | |
| Deed | $151,470 | Frontier Title Co | |
| Warranty Deed | $19,500 | Frontier Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $365,000 | New Conventional | |
| Previous Owner | $163,200 | Purchase Money Mortgage |
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2461556
APN: 1935230502401
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