Exceptional Investment Opportunity! Very well-maintained 4 plex features four 2 Bed / 1 Bath Units with dedicated garage parking slip and separate locked storage room. Updated vinyl flooring throughout most units. Electric baseboard heat and wall A/C units. Kitchen includes refrigerator, stove with oven and dishwasher. Each unit has electric log fireplace. Newly seeded grass in backyard; fenced for additional privacy. Balcony deck or patio for each unit. Shared coin operated washer/dryer in garage. Front faces the parklike setting of Southeast Sports Complex Playground. Steps away from numerous restaurants, retail and Spokane Transit bus line. This property offers a compelling opportunity for savvy investors looking to secure a stable and profitable rental income for years to come.
Check out this value add duplex! The upstairs unit is 450 unit and is a 1 bed 1 bath. This unit was rented at $800 a month with a long term tenant, but will be vacant soon! At that time we will add photos of the upstairs unit to the listing. The downstairs unit is a 1,479 square feet and is a 2 bed 1 bath. This unit is rented at $1,240 a month. The tenant is aware that the property is being sold. The basement is 400 square feet & where most utilities are held. This property is located right off of Monroe St near Elliots Kitchen. This house is cash or hard money only! If you would like to see about financing the home, the buyer will be responsible for making the needed repairs or explore a FHA 203K loan! Renovate this duplex & your value could be $415,000 or more! Then rent the units for more, explore a cash-out refinance with a DSCR loan product or something else! Ask your favorite lender or realtor about DSCR loans for investment projects!
This multi-family home with four separate units is ready for its next chapter. This four-plex is centrally located near Gonzaga University, bus routes, and downtown Spokane. Along with convenience, there is also off-street, covered parking. Remodeled and beautifully updated in 2024 with updates including: new exterior/interior paint, new appliances, flooring, bathroom tile and tubs, backsplashes, and a turfed common area. Two units boast 2 bedrooms and 1 bathroom, while the other two units are 3 bedrooms and 1 bathroom. There is also on-site laundry, ample storage space!! Neighboring property at 917 E Indiana is for sale at the same price as this property. Owner financing available, please have your Realtor contact the list agent or you can call me directly at 509-994-7531
Construction is underway now! Need a new, low maintenance property for your investment portfolio? This brand new 36-unit apartment complex will be ready to start leasing up in 2025. 12-two bed, two bath units and 24-one bed, one bath units. Beautiful finishes include durable laminate cabinets, laminate floors, stainless appliances, hard surface counters and window sills. Less than two miles from both Gonzaga University and Spokane Community College and only three blocks from Gonzaga Prep School. Will work with your 1031 exchange. These are the perfect, low maintenance units for your investment portfolio. **Photos of Apartment Building are Artist Renderings, Not Exact Building**
BROWNES ADDITION - 10 unit Multifamily Apartment Building. Built in 1900, This Low Maintenance, Corner Lot Building Not Only Has Beautiful Units With Great Use of Space, It Has Great Tenants! No Vacancy. Month to Month. 2-100 Gallon Gas Hot Water Heaters. Front Load Coin-Op Laundry In Basement. A Lot Of Love Went Into This Property and It Shows. One Unit Has A Separate Entrance And Is Currently Operating As An Airbnb. Proximity To Parks, Cafes, and Cultural Landmarks Makes THE BERKELY APARTMENTS An Ideal Location For Renters.
Charming duplex remodeled in 2021 perfect investment property or opportunity to live in one unit and rent out the other. Walkable to both Downtown and Gonzaga you will love the beautiful wood built ins and wrapped porch. Duplex features 2bed/1bath up and 2bed/1bath down with alley access, fully fenced yard, off-street parking and detached garage/storage. Home has a newer roof and exterior paint. Each unit as washer/dryer and is move in ready. Do not miss this opportunity!
Well-maintained, value-add triplex in Spokane's highly desired Brownes Addition. With 2 units vacant, and remaining vacant for the next owner, buyers have immediate opportunity to either occupy and a unit as an owner-user or to renovate units to enhance rental income. Ownership has put ample capital improvements into the property since acquiring the building, including exterior paint and a new roof in 2020.
Belle of the Ball! Immaculately cared for and restored home with additions to adore: The 30'x30' garage is fully finished with one bath - above is an Additional Dwelling Unit with 2 bedrooms, laundry, open concept living and kitchen with private balcony! Yard and landscaping is fully complete with beautiful roses, perfect edges, and garden ready. Electric iron gate fully encloses backyard, Additional Dwelling Unit, and double doors entering into your own personal event studio space. All family parties: check. Newer furnace, appliances, remodeled and finished basement, siding, roofing, pavers, kitchen remodel, the list goes on!! Between house, garage, and ADU, there are 5 bathrooms, and 8 bedrooms. Oh. And did you want to be close to coffee shops, breakfast nooks, antique stores, pubs, and boutiques?? Yes, this house has that too. Come check out our North Monroe beauty!
**Tennant Occupied 48++ hrs notice required for showings. Kendall Yards Duplex! Up and Down units. Alley access off street parking room for three vehicles off street. Investor Special long term bottom unit tenant, updated upper unit, both on month to month leases. Most utilities paid by renters. Elec heat fenced yard comp roof. $2000/mo gross income. Owner Finance terms available ask your broker!
Incredible opportunity to acquire this 10-unit apartment located across the retail plaza of N Division and Francis, near NorthTown Mall & city amenities. This 7,950 sq/ft building is situated on a 150'x128' lot and features 10 units across two levels, plus covered parking and a front yard with sprinkler system. Nine units are 750 sq/ft 2 bed/1 bath, and one is 550 sq/ft 1 bed/1 bath. All ten units are leased out. The units include a spacious entry living room and kitchen/dining room with ample white cabinetry, free-standing range, dishwasher & fridge. Don't miss this rare turn-key investment opportunity - learn more today!
Discover your next investment opportunity with this exceptional rental duplex! Situated in a prime location just 3 minutes away from Spokane Community College, this duplex is perfectly positioned to attract potential tenants. Its close proximity to dining and groceries ensures both convenience and accessibility! Each unit boasts 3 bedrooms & 2.5 baths across a generous 1,442 sq/ft of living space. The entry welcomes you with a coat closet and an accommodating half bath. Finishes feature LVP flooring exuding both durability and style. Darker tones throughout add a touch of sophistication while ensuring long-lasting beauty. The heart of each unit lies in the open-space living area, with the kitchen offering ample cabinetry, stunning granite countertops for meal prep, and stainless steel appliances. Upstairs you'll find a master suite offering a spacious walk-in closet, and bath featuring double sink vanity & elegantly tiled tub shower. Two additional guest rooms, a full bath, and laundry closet. Come see this!
Investor's Dream! This modern Triplex, built in 1999, offers a prime opportunity for strong rental income and potential development. Each townhome-style unit features 4 bedrooms, 2 bathrooms, and a private entrance. Each unit has its own stackable washer/dryer in the unit. Recent updates include fresh paint, new carpet, and upgraded appliances. The exterior was re-painted in 2023. The property offers off-street parking and easy maintenance, ensuring a steady income stream. Live in one unit while tenants in the other two help pay down your mortgage. Alternatively, purchase both the Triplex and the adjacent home for an expansive development project or to keep as a long-term investment. Don't miss out on this incredible opportunity!
Investor Alert! This modern 1999 built Triplex + Single Family Home offers prime opportunities for strong rental income & potential development. Each townhome-style unit in the Triplex features 4 bedrooms, 2 bathrooms, & its own stackable washer/dryer in each unit. Recent updates include fresh paint, new carpet, & upgraded appliances. The exterior of both properties painted in 2023. The 3bed 1bath home features an open kitchen, formal dining room, cozy living room with a gas heater, & carport parking. Situated on a large corner lot, it's move-in ready. Nearby river walk, Spokane Community College, Mission Park, Gonzaga University, & grocery stores. Both properties offer off-street parking & easy maintenance, ensuring a steady income stream. Purchase together for an expansive development potential to have up to 10 units! Buyer to verify all information.
BEST PRICED NEW CONSTRUCTION DUPLEX ON THE MARKET! This brand new turn-key duplex boasts two mirror-image units, each featuring 3 spacious bedrooms & 2.5 bathrooms. Step inside to experience a thoughtfully designed floor plan, featuring high-efficiency forced air heating. Every square foot is optimized for modern living, ensuring both functionality and comfort throughout.. The main level greets you with a bright and open living space adorned with neutral colors that will complement any decor style. The kitchen showcases solid surface countertops, a pantry, and an island ideal for meal prep & entertaining. Upstairs, you'll find all three bedrooms, away from the main living areas. The primary suite features not one but two closets & a beautifully appointed ensuite bathroom with double sinks. Landscaped and fenced with attached garages and alley access! This duplex is perfectly situated near the vibrant Downriver neighborhood & amenities, including restaurants, shopping & bus routes.
Highlands Condo w/Sweeping Views!! This 2 Bedroom/1 Bathroom Condo is Updated & Move-in Ready & Features: Fresh Interior Paint, Updated Appliances, Vinyl Plank Flooring, Updated Lighting & Light Switches w/Dimmers. The Living Room has a Great Deck w/Glass Railing to take Full Advantage of the Amazing Views of Spokane! The Kitchen has Very Nice Wood Cabinets, Newer Glass Top Range, Viking Range Hood, Big Refrigerator, Dishwasher & Corian Counters. The 2 Bedrooms are Spacious, w/Large Closets & their own A/C Units. The Bathroom has a Custom Tile Shower & Deep Soaker Tub & Stackable Front Load Washer (Higher Capacity) & Dryer. Don't Miss the Community Pool, Deck Space (Between Buildings), Locked Mail Room, Secondary Laundry Room, Your Own Covered Parking Space, Storage Area & Access to Nearby Forested Area. HOA Fees cover some Utilities, Exterior & Pool Maintenance & Landscaping. All This Close to Nature, Shopping and Restaurants! Don't Miss This Opportunity!
This home is an absolute gem located on a quiet, desirable street in North Spokane. Just minutes away from Northtown Mall, Walmart, restaurants, and downtown. This fully updated 3 bed/2 bath home is move-in-ready and comes fully furnished, including all appliances, making it the perfect home or turnkey investment property. It’s an Airbnb income machine—bringing in $36,000 in the last 12 months, easily covering the mortgage on a conventional 30-year loan.Whether you're a first-time buyer, an investor, or looking to downsize, this home has everything you need: a fenced yard in a peaceful neighborhood, Central A/C, and a beautiful private backyard with a gorgeous Trex deck—ideal for relaxing or entertaining.
This 3,974 sq. ft. condominium in downtown Spokane offers a prime investment opportunity. Occupying the entire second floor of the historic Freeman Center Building, it features 4 bedrooms, 3 bathrooms, and a private skybridge with secure elevator access. The guest suite, previously rented for $1,500/month, provides strong rental income potential. The condo boasts 11-ft ceilings, 8-ft doors, spacious sitting rooms, a formal dining area, and a chef’s kitchen with high-end appliances. The primary suite includes a gas fireplace, large walk-in closet, and designer bath. Two secure parking spaces in an enclosed garage are also included. Located just blocks from over 25 restaurants, bars, and entertainment venues, this residence is well-positioned to benefit from ongoing development and revitalization in downtown Spokane, offering both a luxurious living space and long-term investment potential. Brand new A/C units & furnaces, among other high-end upgrades make this property a must have.
Brand new 9 unit apartment project scheduled for completion in December of 2024. The 9 units consist of 3 studios and 6 two bedroom units. Project has been approved for property tax abatement for 12 years, and sits in an opportunity zone.
Historic 7 unit building in the heart of Spokane's South Hill. Investors don't miss this opportunity to purchase a well maintained multi-family building conveniently located close to bus routes, groceries, restaurants, and hospitals - making it an ideal location to attract long term tenants. Looking for cash flow and low capital improvements? Look no further.
South Hill Fourplex on nearly half an acre. Potential to parcel and develop portion of land to the west. All units are separately metered with updated service. This property has opportunity for additional income and value. Finished space that may convert to a fifth unit in the main home. The property and grounds are private and centrally located. Four well kept units with updates to kitchens and baths are ready to rent. Don't miss an opportunity to have a rental complex and a lot to build your next investment property right next door. All rents are projected by Manito Property Management.
Rental Property alert. Cozy 2 bed 1 bath home close to schools, shopping and half a Block from Andrew Rypien Field/Park. Freshly painted interior, updated kitchen with granite counter tops. The roof replaced Oct 2017 (lots of life left), back yard is fenced with a comfy deck for lounging. Make it yours, or a rental. The front yard is partially fenced and has plenty of space for parking/RV parking or build your own garage/ADU/or both. (Always check with the city planning and development for permitting for building verification)
Now complete! Special financing available! Stylish, brand new zero lot-line townhome on the Northside that you really need to see to feel how cool it is. Minimize maintenance & maximize livability in this beautifully finished 2 story home in an established neighborhood. Open, bright & airy with comfortable spacious living areas, an attached garage, 9' ceilings on the main floor and large windows everywhere. Good sized bedrooms upstairs, including primary suite overlooking the street with a large closet & private bath. Nicely finished with granite countertops, soft close cabinets, LVP flooring, open rail staircase & more. Enjoy the benefits & functionality of new construction in an existing neighborhood with nearby amenities. No HOA fees & no cookie cutter street! Special financing allowing for a low downpayment & lower monthly payment w/lender paid mortgage insurance. Up to $10k toward downpayment at 0% interest & 0 payments, with NO income limit. Contact agent for details. Save money and simplify your life!
Duplex investment opportunity located conveniently in West Central, just a few minutes to downtown Spokane! Each unit features 3 bedrooms & 2.5 baths, with 1,477 sq/ft of living space across two levels. Step inside and you'll find a spacious living room, coat closet, LVP flooring & darker tone finishes for longevity. The kitchen provides ample cabinetry with granite surfaces & tiled backsplash. Stainless steel appliances and a generous eat-in island with sink extending the informal dining area. Bathroom, laundry & closet on right. Upstairs, the extensive primary suite features a walk-in closet and bath with granite vanity & bath/shower combo. Two guest bedrooms with their own full bathroom. Fully fenced yards with sprinkler system, and attached garages in back with additional slab parking spaces. Individual power & gas meters. This is an opportunity you don't want to miss, learn more today!
Completely updated mid century modern six unit apartment with views overlooking the downtown Spokane skyline! 2 - 2br/1ba and 4 - studio units. Currently leased as furnished rentals, it is set up as an ideal Airbnb for an owner/operator or conversion to non furnished apartment rentals. Each unit has LVP flooring, new cabinets and appliances and an in unit washer/dryer. Additionally, the lower level has a storage/laundry room suitable for Airbnb janitorial and there are seven new garages below the units. Current rents in the proforma are estimated, unfurnished rental rates. Current furnished rents range from $1,400 - $,2000/m. Unfurnished rent comparisons are below the new 508 West property that was redeveloped at 6th Ave and Stevens Street. The existing furnishings could be negotiated to purchase or removed prior to closing. (subject to existing tenancies)
Income-producing triplex with $3,245 monthly revenue and all tenants current! This fully-occupied property offers strong cash flow with numerous capital improvements already completed, allowing the next owner to focus on upgrades that can further maximize rent. Located within walking distance to the vibrant Garland District, the main level features a spacious 1-bedroom unit, with another 1-bedroom upstairs and a 2-bedroom in the basement. A detached 2-car garage and a shared laundry room provide added value—consider converting the laundry to coin-op for extra income! Don’t miss this fantastic investment opportunity.
The median home value in Spokane, WA is $449,950. This is higher than the county median home value of $385,700. The national median home value is $338,100. The average price of homes sold in Spokane, WA is $449,950. Approximately 53.59% of Spokane homes are owned, compared to 40.58% rented, while 5.83% are vacant. Spokane 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 Spokane real estate agent to arrange a tour today!
Spokane, Washington has a population of 225,709. Spokane is less family-centric than the surrounding county with 27.98% of the households containing married families with children. The county average for households married with children is 30.49%.
The median household income in Spokane, Washington is $56,977. The median household income for the surrounding county is $64,079 compared to the national median of $69,021. The median age of people living in Spokane is 36.4 years.
The average high temperature in July is 83.5 degrees, with an average low temperature in January of 24 degrees. The average rainfall is approximately 17.2 inches per year, with 43.9 inches of snow per year.