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Listed by Bryce Wetherell • eXp Realty, LLC
$499,994
Est. payment /mo
2,711 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Residential Income
Listing Status Active
Purchase Type For Sale
Square Footage 2,711 sqft
Price per Sqft $184
MLS Listing ID 202615828
Year Built 1903
Annual Tax Amount $5,000
Lot Size 5,662 Sqft
Lot Dimensions 0.13
Property Sub-Type Residential Income
Property Description
This turnkey quadplex in one of Spokane's most desirable, supply-constrained neighborhoods offers a rare blend of immediate cash flow and low-maintenance ownership. Thoughtfully renovated, the property features a flexible unit mix consisting of one spacious two-bedroom unit and three private studios, each equipped with its own kitchen and appliances. Whether you are looking for a pure income play or a house-hacking opportunity, the infrastructure is investor-friendly with on-site shared laundry and a major market differentiator: rare valley access leading to a two-car garage plus additional rear parking. The heavy lifting is already finished, leaving you with a move-in-ready asset. Currently, three units are vacant and ready for market-rate tenants or an owner-occupant, while one studio remains occupied. Live in the large unit and let the others cover your mortgage, or lease the entire building to capitalize on strong local rental demand. Properties in this condition and price point are rare to come by.
Location
State WA
County Spokane
Rooms
Basement Crawl Space
Interior
Heating Natural Gas, Electric, Forced Air
Exterior
Parking Features Detached, RV Access/Parking, Alley Access
Garage Spaces 1.0
Amenities Available Storage
View Y/N true
Roof Type Composition
Total Parking Spaces 6
Building
Structure Type Wood Siding
Schools
School District Spokane Dist 81
Others
Acceptable Financing FHA, VA Loan, Conventional, Cash
Listing Terms FHA, VA Loan, Conventional, Cash
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