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1405 W 8th Ave Spokane, WA 99204
9,372 SqFt
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Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 9,372 sqft
Price per Sqft $170
MLS Listing ID 26-10526
Style Multi Level
HOA Y/N No
Year Built 1962
Annual Tax Amount $16,415
Tax Year 2025
Lot Size 0.280 Acres
Acres 0.28
Lot Dimensions 12297
Property Sub-Type Multi Family
Source Coeur d'Alene Multiple Listing Service
Property Description
13-unit multifamily investment opportunity featuring 8 one-bedroom/one-bath units and 5 two-bedroom/one-bath units. The property generates $16,092.13 in Effective Gross Income and offers an on-site laundry facility, beautifully landscaped grounds, and a convenient location near restaurants, shopping, I-90, and Downtown Spokane. Investment highlights include a $114,247.54 NOI and a 7.14% cap rate, providing an attractive opportunity for investors seeking established rental income in a convenient Spokane location.
Location
State WA
County Spokane
Area Washington Counties
Zoning RMF
Direction GPS is accurate
Rooms
Basement None
Interior
Heating Electric, Baseboard
Exterior
Garage Description None
View City
Roof Type Composition
Building
Lot Description Level
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Other
Others
Tax ID 25244.4001
Listed by LT Real Estate
NEARBY SCHOOLS & PROPERTIES
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