Listed by Kidder Mathews
$725,000

Estimated payment $4,366/month

Total Views 5,558
8 Beds
5 Baths
5,820 Sq Ft
$125 Price per Sq Ft

Highlights

  • No HOA
  • Patio
  • 1-Story Property
  • North Central High School Rated A-

About This Home

Well-maintained, prime value-add opportunity in the highly desired market of Spokane. With room to push rents with as-is unit interiors as well as the opportunity to add additional 6th unit (2x1+Den), buyers are perfectly positioned to enhance operations to fully maximize returns.

Listing Agent

Max Frame

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

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2372407

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,747

Year Built

  • Built in 1961

Lot Details

  • 9,000 Sq Ft Lot
  • 35063.3507
  • Property is in good condition

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 5,820 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Parking

  • 6 Parking Spaces
  • Open Parking

Outdoor Features

  • Patio

Community Details

  • No Home Owners Association
  • Spokane Subdivision

Listing and Financial Details

  • Assessor Parcel Number 35063.3507

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,747

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1961
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 5820
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Bedrooms: 8
  • Total Bedrooms: 8
  • Fireplace: No
  • Flooring: See Remarks
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Coin Op Laundry

Exterior Features

  • Roof: See Remarks
  • View: No
  • Waterfront: No
  • Construction Type: Brick
  • Exterior Features: Brick
  • Foundation Details: See Remarks
  • Property Condition: Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Spaces: 5
  • Carport Y N: No
  • Open Parking Spaces: 1
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 1

Utilities

  • Sewer: Available
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Other – See Remarks
  • Heating Yn: Yes
  • PowerCompany: Avista
  • SewerCompany: City of Spokane
  • WaterCompany: City of Spokane
  • WaterSewerGarbage: 3378

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Fee Information

  • Annual Fuel Expense: 3379

Schools

  • Junior High Dist: Spokane

Lot Info

  • Parcel Number: 35063.3507
  • Lot Size Acres: 0.2066
  • Lot Size: 9000
  • Lot Size Sq Ft: 9000
  • Additional Parcels Description: 35063.3507
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Patio
  • MLSLotSizeSource: County Assessor
  • MLSSquareFootageSource: County Assessor
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 10.38
  • LeasedItems: None
  • TotalMonthlyIncome: 5600

Multi Family

  • Gross Scheduled Income: 69828
  • Net Operating Income: 42256
  • Number Of Units Total: 5
  • Electric Expense: 3378
  • Insurance Expense: 1440
  • Leasable Area: 3700
  • EnergySource: Electric
  • UnitsInBuildingTotal: 1
  • UnitsBelowGrade: true
  • VacancyRate: 0

Tax Info

  • Year: 2025
  • Tax Annual Amount: 4747

Map

Range of Values:

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ICE

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Average Value
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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 Change Sq Ft Price
05/07/2025 05/07/25 For Sale $725,000 +107.5% $125 / Sq Ft
10/03/2016 10/03/16 Sold $349,450 -2.9% --
09/19/2016 09/19/16 Pending -- -- --
07/12/2016 07/12/16 For Sale $359,900 -- --
Source: Northwest Multiple Listing Service (NWMLS)

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2372407

Northwest Multiple Listing Service (NWMLS)