Bought with: First Look Real Estate
$494,000
$499,994
1.2%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
4 Baths
3,190 SqFt
SOLD DATE : 07/16/2026
Key Details
Sold Price $494,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,190 sqft
Price per Sqft $154
Subdivision Spokane
MLS Listing ID 2507852
Sold Date 07/16/26
Style 54 - 4-Plex
Bedrooms 2
Year Built 1903
Annual Tax Amount $4,434
Lot Size 6,000 Sqft
Lot Dimensions 50' X 121'
Property Sub-Type Multi Family
Property Description
Here is your chance to score a turnkey quadplex in one of Spokane's most desirable neighborhoods. Fully updated, well maintained, and thoughtfully renovated, this income-producing property delivers immediate cash flow with four fully equipped units: one spacious 2-bedroom and three private studios, each with its own bathroom, kitchen, refrigerator, and oven. Tenants enjoy complete independence without compromise. Investor-friendly infrastructure throughout. A shared laundry room on-site adds convenience and tenant retention value. Rare alley access leads to a 2-car garage plus generous additional parking in the rear, a feature that sets this property apart in the market. Whether you are a seasoned portfolio builder or a house-hacking first-timer, this quadplex checks every box: low-maintenance condition, flexible unit mix, and strong rental demand in a supply-constrained Spokane market. Live in one unit and let the others pay your mortgage, or hold all four as a pure income play. Three units are currently vacant and move-in ready, with one studio occupied. Rents are well below market rate, creating an immediate opportunity to increase income with zero repair costs out of pocket. This is the ideal window to tour the property and see the full scope of what you are acquiring. The work has been done. The value is here. Properties like this rarely come to market in this condition, at this price point. Do not wait.
Location
State WA
County Spokane
Area 561 - Spokane County
Interior
Flooring Laminate
Fireplace false
Exterior
Exterior Feature Wood Products
Garage Spaces 2.0
Amenities Available Cable TV, Deck
View Y/N No
Roof Type Composition
Building
Lot Description Alley, Curbs, Paved, Sidewalk
Sewer Sewer Connected
New Construction No
Schools
Elementary Schools Buyer To Verify
Middle Schools Buyer To Verify
High Schools Buyer To Verify
School District Spokane
Others
Senior Community No
Acceptable Financing Conventional, FHA, Rehab Loan, See Remarks, State Bond, USDA Loan, VA Loan
Listing Terms Conventional, FHA, Rehab Loan, See Remarks, State Bond, USDA Loan, VA Loan
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