Medical Lake WA Multi Family for Sale
$1,350,000
308 N Washington St Medical Lake, WA 99022
- Type:
- Rental/Lease
- Sq.Ft.:
- 10,500
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1960
- Baths:
- MLS#:
- 202422528
ADDITIONAL INFORMATION
This 6-plex consists of 3 duplexes on two parcels. Each unit contains 4 bedrooms & 2 baths w/ an eat-in kitchen, a good-sized living room on the main floor, & a large family room in the lower level. Appliances in each unit include a stove, refrigerator, plus a washer & dryer. They are centrally located in the heart of Medical Lake & offer a lot of amenities to residents. Gas forced air heat, gas hot water, 1,750 sqft of living area, full size washer/dryer & ample off-street parking. The current owner has replaced many windows w/ vinyl, there are hardwood floors under the carpet & overall, the property is well maintained. Fantastic rental history w/ tenants commuting from work at the EWU in Cheney, Airway Heights, Amazon Distribution Center & personnel from Fairchild Air Force Base! These will be perfect assets for your rental portfolio w/ the opportunity for rents to grow. Current market rents allow for some improvement in rents. Currently there is one available unit to see while it is being renovated.
$329,993
204 W 4th St Medical Lake, WA 99022
- Type:
- Rental/Lease
- Sq.Ft.:
- 2,056
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1930
- Baths:
- MLS#:
- 202418907
- Subdivision:
- Medical Lake
ADDITIONAL INFORMATION
The main floor unit boasts a spacious layout with 3 bedrooms and 2 bathrooms. Updated 10 years ago, this unit features a large kitchen with granite countertops, perfect for cooking and entertaining. The vinyl siding ensures durability and the main floor utilities provide easy access and convenience. Across the street from Medical Lake High School. The 2nd unit is a cozy 1 bedroom, 1 bathroom space with private entrance. Could be used as rental, in-law suite or Airbnb for extra income. With its own separate entrance it offers privacy and flexibility. Located in a quiet neighborhood, this duplex is a short drive to downtown Spokane, Airway Heights and Airforce Base making commuting a breeze. You'll have easy access to shops, restaurants and entertainment yet you'll still enjoy the tranquility of Medical Lake. Low maintenance vinyl siding Main floor laundry
Medical Lake Real Estate
The median home value in Medical Lake, WA is $227,600. This is lower than the county median home value of $237,700. The national median home value is $219,700. The average price of homes sold in Medical Lake, WA is $227,600. Approximately 68.41% of Medical Lake homes are owned, compared to 28.94% rented, while 2.65% are vacant. Medical Lake real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Medical Lake real estate agent to arrange a tour today!
Medical Lake, Washington has a population of 4,923. Medical Lake is more family-centric than the surrounding county with 45.89% of the households containing married families with children. The county average for households married with children is 30.46%.
The median household income in Medical Lake, Washington is $50,441. The median household income for the surrounding county is $52,159 compared to the national median of $57,652. The median age of people living in Medical Lake is 31.1 years.
Medical Lake Weather
The average high temperature in July is 82.2 degrees, with an average low temperature in January of 22.2 degrees. The average rainfall is approximately 18.2 inches per year, with 54.1 inches of snow per year.