5724 N Nevada St Spokane, WA 99208
Nevada Lidgerwood NeighborhoodEstimated payment $2,420/month
Highlights
- City View
- Fenced Yard
- Forced Air Heating System
- Property is near public transit
- 2 Car Detached Garage
- Hot Water Heating System
About This Home
6-Bedroom, 2-Bathroom SRO Investment Property – High Cash Flow Opportunity! Well-maintained and income-generating Single Room Occupancy (SRO) property featuring 6 private bedrooms and 2 shared bathrooms. This single-family home is rented by the room, generating a gross monthly income of $4200! An SRO (Single Room Occupancy) model provides tenants with private rooms while sharing common areas such as the kitchen, bathrooms, and living spaces, making this a popular and affordable housing option. Investor Highlights: - All tenants on flexible month-to-month leases - Potential for increased cash flow and rental growth - Privately managed and well-maintained property This property is available for purchase individually or as part of a larger, high-performing rental portfolio, available at a discounted package rate. Call or Text the listing agent today to schedule a tour or request more information about this unique investment opportunity!
Listing Agent
Amplify Real Estate Services Brokerage Phone: (509) 999-8507 License #21000350 Listed on: 07/31/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,696
Year Built
- Built in 1953
Lot Details
- 4,500 Sq Ft Lot
- Fenced Yard
Parking
- 2 Car Detached Garage
- Garage Door Opener
- Off-Site Parking
Home Design
- Vinyl Siding
Interior Spaces
- 2,040 Sq Ft Home
- 2-Story Property
- City Views
Kitchen
- Free-Standing Range
- Dishwasher
Bedrooms and Bathrooms
- 6 Bedrooms
- 2 Bathrooms
Laundry
- Dryer
- Washer
Basement
- Basement Fills Entire Space Under The House
- Basement with some natural light
Location
- Property is near public transit
Schools
- Garry Middle School
- Rogers High School
Utilities
- Window Unit Cooling System
- Forced Air Heating System
- Hot Water Heating System
- High Speed Internet
Community Details
- 6 Units
Listing and Financial Details
- Assessor Parcel Number 36321.2129
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 |
|---|---|---|---|---|
| 2025 | $3,696 | $380,140 | $48,240 | $331,900 |
| 2024 | $3,696 | $372,440 | $48,240 | $324,200 |
| 2023 | $2,799 | $372,440 | $48,240 | $324,200 |
| 2022 | $2,560 | $285,800 | $33,500 | $252,300 |
| 2021 | $2,364 | $198,440 | $14,740 | $183,700 |
| 2020 | $1,988 | $160,630 | $12,730 | $147,900 |
| 2019 | $1,782 | $148,820 | $10,720 | $138,100 |
| 2018 | $1,880 | $134,920 | $10,720 | $124,200 |
| 2017 | $1,673 | $122,220 | $10,720 | $111,500 |
| 2016 | $1,602 | $114,520 | $10,720 | $103,800 |
| 2015 | $1,605 | $112,220 | $10,720 | $101,500 |
| 2014 | -- | $114,000 | $12,000 | $102,000 |
| 2013 | -- | $0 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/31/2025 07/31/25 | For Sale | $400,000 | +6.7% | $196 / Sq Ft |
| 07/18/2022 07/18/22 | Sold | $375,000 | -11.8% | $186 / Sq Ft |
| 04/20/2022 04/20/22 | Pending | -- | -- | -- |
| 03/18/2022 03/18/22 | Price Changed | $425,000 | -5.6% | $211 / Sq Ft |
| 01/10/2022 01/10/22 | For Sale | $450,000 | -- | $223 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | First American Title | |
| Warranty Deed | -- | Spokane County Title Company | |
| Quit Claim Deed | -- | First American Title Ins Co | |
| Warranty Deed | $137,280 | Pacific Northwest Title | |
| Warranty Deed | $69,900 | Stewart Title Of Spokane |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,399,500 | New Conventional | |
| Previous Owner | $1,254,000 | Commercial | |
| Previous Owner | $80,000 | Unknown | |
| Previous Owner | $91,000 | New Conventional | |
| Previous Owner | $107,000 | Seller Take Back |
Source: Spokane Association of REALTORS®
MLS Number: 202521533
APN: 36321.2129
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