520 E Wabash Ave Spokane, WA 99207
Nevada Lidgerwood NeighborhoodEstimated payment $2,896/month
Highlights
- No HOA
- Baseboard Heating
- 1-Story Property
About This Home
8.5% In-Place Cap Rate | $3,800/Month Rental Income | Low $500/Month Operating Expenses | Rare 8 Bed Duplex North Spokane duplex generating $3,800 per month in rental income with long-term tenants paying $1,900 per unit. Rarely do duplexes offer two oversized 4 bedroom, 2 bathroom units, creating strong tenant demand and long-term rental stability. With approximately $500 per month in operating expenses and a projected 9% cash-on-cash return, this property delivers strong returns from day one. Additional upside exists through cosmetic improvements, exterior updates, and future rent growth. Conveniently located near schools, shopping, services, and major Spokane corridors, this is a strong value-add opportunity with stable income and multiple paths to future appreciation.
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2520728
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,971
Year Built
- Built in 1976
Lot Details
- 5,227 Sq Ft Lot
- Property is in average condition
Parking
- 3 Covered Spaces
Home Design
- Duplex
- Brick Exterior Construction
- Poured Concrete
- Composition Roof
Interior Spaces
- 3,400 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Schools
- Lidgerwood Elementary School
- Garry Mid Middle School
- Rogers High School
Utilities
- Baseboard Heating
Community Details
- No Home Owners Association
- West Kentwood Addition Condos
- Spokane Subdivision
Listing and Financial Details
- Legal Lot and Block 9 / 16
- Assessor Parcel Number 36323.1607
Map
Home Values in the Area
Average Home Value in this Area
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 | $3,632 | $357,100 | $80,000 | $277,100 |
| 2025 | $3,278 | $353,700 | $68,000 | $285,700 |
| 2024 | $3,278 | $330,200 | $60,000 | $270,200 |
| 2023 | $2,829 | $288,900 | $55,000 | $233,900 |
| 2022 | $2,363 | $288,900 | $55,000 | $233,900 |
| 2021 | $2,165 | $181,600 | $30,000 | $151,600 |
| 2020 | $1,955 | $157,900 | $30,000 | $127,900 |
| 2019 | $1,652 | $137,900 | $22,000 | $115,900 |
| 2018 | $1,703 | $122,200 | $20,000 | $102,200 |
| 2017 | $1,610 | $117,600 | $20,000 | $97,600 |
| 2016 | $1,632 | $116,700 | $20,000 | $96,700 |
| 2015 | $1,735 | $121,400 | $27,500 | $93,900 |
| 2014 | -- | $107,300 | $27,500 | $79,800 |
| 2013 | -- | $0 | $0 | $0 |
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 |
|---|---|---|---|---|
| 06/15/2026 06/15/26 | Price Changed | $475,000 | -5.0% | $140 / Sq Ft |
| 05/08/2026 05/08/26 | For Sale | $500,000 | -- | $147 / Sq Ft |
Purchase 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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $110,280 | Pacific Northwest Title | |
| Interfamily Deed Transfer | -- | -- | |
| Warranty Deed | $90,000 | Spokane County Title Co |
Mortgage 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 | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $77,000 | New Conventional |
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2520728
APN: 36323.1607
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2026 NWMLS.
Based on information submitted to the MLS GRID
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