1225 E 29th AveSpokane, WA 99203

Description

Turnkey 4-unit multifamily investment opportunity featuring two duplexes on separate parcels. Each of the four units offers a spacious 3-bedroom, 2-bath floor plan designed for strong tenant appeal and long-term rental demand. Recent capital improvements include new roofs on both residential buildings and all garages, plus new walkways, stairwells, and four private decks, reducing future maintenance costs while enhancing curb appeal and tenant enjoyment. 3 units are currently occupied by long-term tenants, providing immediate cash flow. Current rents are below market, offering investors a clear opportunity to increase income and improve returns over time. A standout feature is the assumable loan with a 5.5% interest rate fixed for 5 years and no assumption fee—a rare financing advantage in today's market. With stable occupancy, major upgrades, rental upside, and attractive financing, this property is an excellent opportunity for investors seeking strong cash flow and long-term growth potential!

Property Information

Property type

Residential Income

Structure type

Duplex

Year built

1977

Living area

4,560 Sq Ft

Lot size

0.32 acres

Lot dimensions

142 x 100

Garage spaces

6

Zoning

Res

Days on market

115

MLS^® Listing#

202619013

Property Features

Interior

High Speed Internet · Master Downstairs · Bar

Appliances

Free-Standing Range · Dishwasher · Refrigerator · Disposal · Microwave · Washer · Dryer

Heating

Electric · Ductless · Zoned

Fireplace

Wood Burning · Masonry

Basement

Full · Finished · Daylight · Walk-Out Access

Parking

Detached · Off Site · Shared Driveway · Assigned

Patio

Deck · Patio

Lot features

Wooded

Construction

Wood Siding · Brick Veneer

Roof

Composition

Windows

Aluminum Frames

Utilities

Cable Available

Schools

Elementary

Hutton

Middle

Sacajawea

High

Lewis & Clark

Financial Details

Annual taxes

$9,944

Parcel number

35294.2716