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1405 8th, Spokane, WA 99204

$1,600,000
9,372
SqFt
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List Price
$1,600,000
Status
ACTIVE
MLS#
26-10526
Style
Multi Level
Year Built
1962
Acres
0.28
Living Area
9,372
Region
Washington Counties
Subdivision
N/A
Type
Single Family Residential
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208-758-9000

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.

208-758-9000
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Additional Information

Taxes
$16,415
Lot Features
Level
Basement
None
Heating
Baseboard, Electric
Water
Public
Sewer
Public Sewer
School District
Other
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Listing courtesy of LT Real Estate.