1405 W 8th AveSpokane, WA 99204
Spokane County
$1,600,000List price
9,372Sq Ft
1962Year built
28.00Acre lot
3 months agoOn market
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.
Property Information
- Property type
- Residential Income
- Year built
- 1962
- Living area
- 9,372 Sq Ft
- Lot size
- 28.00 acres
- Days on market
- 97
- MLS® Listing#
- 202622556
Property Features
- Heating
- Baseboard
- Basement
- None
- Parking
- Carport · Off Site
- Construction
- Wood Siding · Stone
- Roof
- Composition
- Parcel number
- 25244.4001
Directions
GPS is accurate
Listing Courtesy: LT Real Estate - 5093158720
Listings courtesy of the Spokane Association of REALTORS® as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved.
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