REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Kathy Ray

kathymray51@gmail.com +1(509) 290-8433

Listed by Chris Patton • Kelly Right Real Estate of Spokane

$ 449,900

Est. payment | -/mo

2,002 SqFt

Save

$ 449,900

Est. payment | -/mo

Save

2,002 SqFt

Key Details

Property Type Multi-Family

Sub Type Residential Income

Listing Status Active

Purchase Type For Sale

Square Footage 2,002 sqft

Price per Sqft $224

MLS Listing ID 202622528

Year Built 1906

Lot Size 2,613 Sqft

Lot Dimensions 0.06

Property Sub-Type Residential Income

Property Description

Cash-Flowing Triplex with Value-Add Potential! Fully occupied and producing $3,275 per month in gross rental income ($39,300 annually), this investment property offers immediate returns and long-term upside. The unit mix includes one 2-bedroom unit and two 1-bedroom units with established rents of $1,400, $1,000, and $875 per month. Great South hill location! Investors will appreciate the opportunity to further increase returns through future rent adjustments, property enhancements, improved operational efficiencies, and potential basement unit expansion. With tenants already in place and income from day one, this property checks the boxes for investors seeking both stability and growth. New roof in 2019 and new vinyl windows in 2025. Rare opportunity to acquire a performing asset with existing cash flow and multiple strategies for increasing value and maximizing ROI. Showings available with accepted offer. AI was used to remove tenant personal items. Buyer and buyer's agent to verify all information.

Location

State WA

County Spokane

Rooms

Basement Laundry, Walk-Out Access

Interior

Heating Natural Gas, Electric, Forced Air, Baseboard

Cooling Wall Unit(s)

Fireplaces Type Masonry, Woodburning Fireplce

Appliance Free-Standing Range, Dishwasher, Refrigerator

Exterior

Parking Features None

Amenities Available Laundry, Storage

View Y/N true

Roof Type Composition

Building

Lot Description City Bus (w/in 6 blks)

Story 2

Structure Type Wood Siding

Schools

Elementary Schools Roosevelt

Middle Schools Sacajawea

High Schools Lewis & Clark

School District Spokane Dist 81

Others

Acceptable Financing Conventional, Cash

Listing Terms Conventional, Cash

Schools and Properties Nearby

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(509) 290-8433

kathymray51@gmail.com

Learn More About LPT Realty

1112 S ASH St Spokane, WA 99204