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Cambria Henry ~ DB

cambria@spokanehaven.com +1(509) 590-4701

$ 1,600,000

Est. payment -/mo

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1405 W 8th Ave Spokane, WA 99204

9,372 SqFt

UPDATED:

Key Details

Property Type Other Types

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

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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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Cambria Henry ~ DB

Designated/Managing Broker

+1(509) 590-4701

cambria@spokanehaven.com

304 W Pacific Ave Suite 310, Spokane, WA 99201, United States