$485,000
- 3 Beds
- 3 Baths
- 2,098 Sq Ft
2217 W 5th Ave, Spokane, WA 99201
Danny Pontius RE/MAX Citibrokers
$485,000
2217 W 5th Ave, Spokane, WA 99201
Danny Pontius RE/MAX Citibrokers
$425,000
1911 W 2nd Ave, Spokane, WA 99201
Well-maintained, prime value-add opportunity. With the ability to acquire residential financing as an owner-user operator, investors can benefit from more favorable loan terms while capitalizing on a 28% rent increase as-is and up to 43% through renovations. Major system upgrades—including updated electrical panels, roof, and furnace—limit near-term capital expenditures. Located in one of
Max Frame Kidder Mathews
$450,000
2128 W 5th Ave, Spokane, WA 99201
Bob Cooke R.H. Cooke & Associates
$1,300,000
1927 W Riverside Ave, Spokane, WA 99201
Alison Oliver Kelly Right Real Estate of Spokane
$1,400,000
220 S Elm St, Spokane, WA 99201
Dallas Lightner LT Real Estate
$3,350,000 Under Contract
155 S Oak St, Spokane, WA 99201
Located in the heart of Brownes Addition—one of Spokane’s most desirable and historic neighborhoods—this well-maintained asset offers a rare chance to capture immediate and long-term value. With rents currently 21% below market and potential for a 37% increase through renovations, the property presents strong upside. Recent capital improvements, including a new roof and updated electrical panels,
Max Frame Kidder Mathews
On average, homes in Browne's Addition, Spokane sell after 67 days on the market compared to the national average of 52 days. The median sale price for homes in Browne's Addition, Spokane over the last 12 months is $302,500, down 17% from the median home sale price over the previous 12 months.
In Browne's Addition, there are currently 6 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes ranging from $425,000 to $3,350,000, there's something for every budget. As of September, 2025 the median home price in Browne's Addition, Spokane is $357,500, while the average sale price is $299,820, providing insight into local market trends. On average, multi-family homes spend 67 days on the market before being sold. Multi-family homes encompass various property types, including duplexes, triplexes, fourplexes, and apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're interested in a duplex for a starter investment or an apartment complex for a larger-scale venture, there are investment properties available to suit your needs. Explore the range of multi-family homes for sale in Browne's Addition, Spokane.