NOT LISTED FOR SALE
3 Beds
1 Bath
6,000 Sq Ft
7,100 Sq Ft Lot

Last Sold April 26, 2024

Last sale price $880,000 $147 Per Sq Ft

10 Days on Market

Highlights

  • City View
  • No HOA
  • Central Air
  • Lewis & Clark High School Rated A
  • Patio
  • Baseboard Heating

About This Home

As of April 2024

Great 15 bedroom student rooming house opportunity. Located in Spokane’s highly desired University District with majority of building systems updated or replaced. Situated just two blocks from Gonzaga University and within 1-mile of 6 higher education institutions, investors are well positioned to take advantage of Spokane’s growing student rental demand. Being one of the largest rooming houses in the University District, buyers will have multiple renting & leasing options including renting the building on a group lease, renting rooms individually, or renting the building as an Airbnb. The building is currently vacant, giving buyers the opportunity to fill and rent before the 24 school year. FINANCIALS ARE PROFORMA

Last Agent to Sell the Property

Winslow Lee

Kidder Mathews License #136708 Listed on: 03/12/2024

Last Buyer's Agent

Winslow Lee

Kidder Mathews License #136708 Listed on: 03/12/2024

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2209356

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,304

Year Built

  • Built in 1905

Lot Details

  • 7,100 Sq Ft Lot
  • Property is in good condition

Property Views

  • City
  • Mountain

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 6,000 Sq Ft Home
  • 3-Story Property

Parking

  • 5 Parking Spaces
  • Open Parking

Outdoor Features

  • Patio

Utilities

  • Central Air
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Spokane Subdivision

Listing and Financial Details

  • Assessor Parcel Number 351720303

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,304

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1905
  • Buyer Agency Compensation: 2
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 6000
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: 2%
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement,Storage

Exterior Features

  • Roof: Composition
  • View: City, Mountain(s)
  • Lot Features: Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 5

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: Central A/C
  • Cooling Y N: Yes
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: Avista
  • SewerCompany: City of Spokane
  • WaterCompany: City of Spokane

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Spokane

Lot Info

  • Parcel Number: 351720303
  • Lot Size Acres: 0.163
  • Lot Size: 7100
  • Lot Size Sq Ft: 7100
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Patio
  • MLSLotSizeSource: Spokane Parcel Viewer
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family,Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 8625

Tax Info

  • Year: 2024
  • Tax Annual Amount: 7304
  • AdditionalTaxIds: 351720303

Multi Family

  • Number Of Units Total: 1
  • EnergySource: Electric
  • UnitsBelowGrade: false

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/26/2024 04/26/24 Sold $880,000 -1.7% $147 / Sq Ft
03/22/2024 03/22/24 Pending -- -- --
03/12/2024 03/12/24 For Sale $895,000 +36.6% $149 / Sq Ft
01/13/2021 01/13/21 Sold $655,000 -21.6% $219 / Sq Ft View Prior Sale
12/14/2020 12/14/20 Pending -- -- --
07/13/2020 07/13/20 For Sale $835,000 -- $279 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

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 $7,085 $838,000 $85,200 $752,800
2024 $7,085 $715,000 $85,200 $629,800
2023 $6,974 $754,900 $85,200 $669,700
2022 $6,606 $714,000 $56,800 $657,200
2021 $4,046 $352,900 $42,600 $310,300
2020 $0 $280,100 $42,600 $237,500
2019 $0 $269,400 $35,500 $233,900
2018 $0 $250,480 $23,080 $227,400
2017 $0 $250,480 $23,080 $227,400
2016 $7 $253,080 $23,080 $230,000
2015 $7 $253,080 $23,080 $230,000
2014 -- $253,080 $23,080 $230,000
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2209356

Northwest Multiple Listing Service (NWMLS)

APN: 35172.0303