Bought with ZNonMember-Office-MLS
$330,000
$425,000
22.4%For more information regarding the value of a property, please contact us for a free consultation.
2,214 SqFt
SOLD DATE : 11/13/2025
Key Details
Sold Price $330,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,214 sqft
Price per Sqft $149
Subdivision Spokane
MLS Listing ID 2373316
Sold Date 11/13/25
Style 54 - 4-Plex
Year Built 1900
Annual Tax Amount $3,769
Lot Size 5,742 Sqft
Property Sub-Type Multi Family
Property Description
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 Spokane's most desirable neighborhoods, the property features ample on-site parking, excellent transit access, and potential for future development. Buyers can also scale their investment by acquiring the adjacent Oak and Espanola Annex properties, creating a unique 56-unit portfolio opportunity.
Location
State WA
County Spokane
Area 561 - Spokane County
Interior
Flooring See Remarks
Fireplace false
Exterior
Exterior Feature Wood
View Y/N No
Roof Type See Remarks
Building
Sewer Available
Water Community
New Construction No
Schools
School District Spokane
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
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