1103 W 9th Ave #912 S Madison Ave Active Save Request In-Person Tour Request Virtual Tour
Spokane,WA 99204
Key Details
Property Type Multi-Family
Sub Type Rental
Listing Status Active
Purchase Type For Sale
Square Footage 10,568 sqft
Price per Sqft $133
MLS Listing ID 202515370
Style Victorian
Year Built 1904
Lot Size 0.300 Acres
Property Sub-Type Rental
Property Description
Two buildings on one lot present a rare and valuable investment opportunity with strong rental income and excellent tenant appeal. The first building is a well-maintained fourplex, offering four spacious 2-bedroom units. The second building includes a total of seven units, made up of one studio, four 1-bedroom units, and two 2-bedroom units. Together, the properties generate a solid monthly rental income of $11,636. Both buildings offer convenience and comfort, featuring on-site laundry facilities and covered carport parking for tenants. With a great unit mix and consistent income, this property is ideal for investors seeking a reliable, cash-flowing asset in a desirable rental market. Whether you're expanding your portfolio or looking for a stable return, this property checks all the boxes.
Location
State WA
County Spokane
Interior
Heating Natural Gas,Electric,Forced Air,Baseboard
Exterior
Parking Features Carport,Off Site
Amenities Available Laundry
View Y/N true
Roof Type Composition
Building
Story 4
Structure Type Asbestos,Vinyl Siding,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