4-PLEX in CANNON HILL! The unit count comprises of 2-One Bedroom, and 2-Studio apartments, creating an investment opportunity for owner-occupied financing; AND through the Spokane Historic Preservation Office, qualifies for the Special Valuation Tax Incentive. Projected 6.5% - 7% untrended cap rate. Permitted from residence to apartments in conjunction with the Federal Government to provide housing for troops returning from WWII. 3-D tour available on Zillow. Not only is this an unbeatable location near parks, bluff trails, South Hill and Downtown amenities, it’s a great addition to any investment portfolio!
The main floor 2 BR unit will available for owner occupancy February 1, 2026. Move in and collect $1,000 from the upstairs tenants right away! Unlock immediate cash flow with this fully-rented triplex in the desirable Emerson-Garfield Neighborhood! The real potential lies in its versatility with it being zoned CC2-DC (Live/Work) and perfectly positioned for a future Accessory Dwelling Unit (ADU) where the garage currently sits. The value-add opportunities are immense! Located just off the bustling North Monroe arterial, near bus line, stores, shops, restaurants, this property offers stable income with a gross monthly rent of $2,260. The building features a large 2-bedroom main floor unit with in-unit laundry, plus two 1-bedroom apartments upstairs, each with a private entrance. Onsite parking for tenants. This is a clear path to a significant income boost. Buyer to verify all development and zoning options with the City of Spokane. Don't miss your chance to secure this fantastic income-generating property!
Courtesy: Kidder Mathews
360-705-2800
Max Frame
Atlantic is a well-maintained, value-add apartment building in North Spokane located just 0.9 miles from Providence Hospital and 2.4 miles from Whitworth University. The property features majority two-bedroom units with desirable amenities including air conditioning, covered parking, large kitchens, and a central courtyard. Located near jobs, shopping, schools, and parks, this is an ideal investment with current rents within 10% of market rates.
Turnkey 9-unit multifamily in Spokane’s Emerson-Garfield, minutes to Downtown, Kendall Yards, and Gonzaga. Two-story garden-style building with off-street parking and city utilities. Professionally managed with steady occupancy and proven income. Classic value-add: bring rents to market with light interior updates; add shared/leased laundry; and enhance curb appeal to capture additional upside. Convenient access to jobs, healthcare, transit, restaurants, and parks in a strong rental corridor. Ideal for investors seeking stabilized cash flow today with clear operational upside in a supply-constrained location.
Investment opportunity! Updated ranch-style home in Spokane’s Nevada-Lidgerwood/Shadle area. Features 2 bedrooms, 1 bath, main-floor laundry, and all appliances included. Fresh interior and exterior paint, covered deck, and fully fenced yard. Detached 1-car garage with alley access plus side parking for boat or RV. Convenient location near schools, shopping, bus routes, VA Medical Center, and Dwight Merkel Sports Complex. Turnkey rental ready for your portfolio!
Must see!! Great Neighborhood! Side by side duplex, occupied, one by owner, one by tenant who has rented for 10 years. Both sides have great room designed main floor with kitchen and eating area, office and half bath, open stairway to upper level with 2 bedrooms, 2 baths, and laundry room. Each unit has an oversized one car garage, gas forced air heat, AC, and gas fireplaces. Recent updates include new roof (Sept 2016), unit 3252 has newer appliances and newer gas hot water tank. Unit 3250 owns their washer and dryer and has a disposal, 3252 does not have a disposal but washer and dryer will remain. Each unit pays for its own electrical and gas, owner pays water, sewer, garbage (approx. $200 / month) and yard care (approx. $120 / month). Renter does snow removal of sidewalks and driveways.
Welcome to 1608 E Hartson Ave, an exceptional investment opportunity in Spokane's sought-after Perry District. This modern 4-Plex with spacious 2 bedroom/1 bath units was built in 2018 and showcases upscale finishes including granite counter tops, luxury vinyl plank flooring and solid core doors. Each unit features efficient mini-split heating and cooling, reducing utility costs and ensuring year-round comfort. This prime location in near top-rated schools, public transit and neighborhood shopping which enhances rents. Opportunity Zone incentive reduces annual property taxes by up to 75% through 2031. Purchase includes 12-month multifamily Buyer Coverage with Home Warranty for each of the 4 units. Significant PRICE REDUCTION! CAP rate 5.1 %. 48 hours' notice for showing. Call today!
Comfort & Convenience in the heart of South Hill! This inviting 2 bedroom 2 bathroom home features a charming stone fireplace, open living area and a sliding door to a private, peaceful balcony—perfect for morning coffee or evening relaxation. Features include stainless steel appliances, beautiful stone backsplash and granite counters in the kitchen, in-unit washer and dryer, assigned covered parking space, storage unit, and easy access to the stairwell and elevator. The location is a real highlight—tucked away on a quiet street, but just a few blocks from downtown, parks, grocery stores, great restaurants, hospitals, and schools. Whether you're looking for a low-maintenance home or a great spot close to everything, this condo has you covered.
Incredible investment opportunity just minutes from downtown Spokane! Zoned commercial with flexible use options. Previously operated as a 5-unit Airbnb averaging nearly $5K/month over the past 2 years. Currently has 3 month-to-month renters grossing $4,500. The main floor includes: a 1 bed/1 bath with full kitchen and living space; a 1 bed with living area, kitchen, and shared bath; and a back unit with bedroom, shared bath, kitchenette, laundry, and private entry. Upstairs is a 1 bed unit with shared bath, living/dining area, and a separate loft-style unit with a loft bed and mini fridge. The unfinished basement has potential for another unit, laundry, or storage. City approval and a sprinkler system would be needed for short-term rental use under 30 days. Could be converted into a 3-unit rental, used commercially, or live in one unit and rent the others. Nestled near the historic Cannon Hill district, this home offers neighborhood charm with fast access to parks, hospitals, downtown, shopping, and dining.
Courtesy: Windermere RE/City Group
509-323-2323
Erik Dordal
7.4% Actual Cap Rate! Incredible brand NEW construction multi-unit opportunity, with 2 leased duplexes at $1695-1795/unit, rented within 3 weeks of posting! Enjoy easy mgmt & maint. with these separate one-level duplexes, along with maximum flexibility since you can sell any of the duplexes individually & finance conventionally. Each duplex has two 2 bd/2 ba units with laundry hookups & open great rooms. Functional, bright & beautifully finished with LVP floors, quartz countertops to attract premium rents. Strong demand for nice new units like these in established neighborhoods. In convenient Spokane neighborhood near Audubon Park & restaurants. We have several other sites with similar units under construction.
4 fully remodeled homes perfectly ready for you to start your own rental portfolio + a vacant lot that is zoned light industrial to create a office or work space or build another home! 4 homes are VERY similar & are 2 bedroom 1 bathroom rancher style homes. Each property is fenced to allow for separation for your tenants. All almost the same floor plan with small differences but well remodeled and easy access to all major roadways and located on a bus route. All homes are vacant but ready for you to fill them! Live in one and house hack your portfolio! Both houses on Maple share the parking lot with an easement in place allowing 2 car spaces for each home on Maple and the homes on Maxwell have street parking. These are a dream on how to get started in collecting rentals! Plus! they are all on separate lots allowing you to sell off homes as needed for more equity.
Introducing 1308 W Nora Ave, a fully renovated conforming four-plex located in one of Spokane’s fastest-growing neighborhoods. Vacant and move-in ready, it offers investors a turnkey opportunity with strong immediate cash flow and long-term upside. Each unit is separately metered with its own water heater, keeping costs low and management simple. Projected total rents are approximately $5,800 per month, providing excellent income potential and solid returns. Extensive renovations throughout ensure very low maintenance expenses for years to come. Updates include new windows, plumbing, and electrical systems, fresh interior and exterior paint, modern flooring, doors, and finishes, along with reconfigured layouts for improved flow and functionality. The basement unit is a 2 bed / 1 bath, the main level is a 2 bed / 1 bath, and the two upper units are 1 bed / 1 bath each. Larger units feature in-unit washer/dryer hookups for added convenience. Out back, a graveled parking area provides multiple off-street spa
Duplex with Owner Financing Available! Strong income history and recent updates. Live in one unit and let the other offset your mortgage. Most recent gross rental income is $2,375/month (garage not included in that gross). New roof, new garage siding, newer gas furnace and windows in the upper unit, exterior paint. Main-level (vacant, last rented at $1,375/mo) offers 2 bedrooms, 1 bath, a spacious layout, and main-floor laundry with washer and dryer included. The upper unit is 1 Bed, 1 bath ($1,000/mo) is occupied. Detached 2-car garage (rental potential $300–$400/month), alley access, off-street parking, and a fenced yard with raised bed gardens. Situated in an established neighborhood near Audubon Park, close to schools, shopping, restaurants, and the Centennial Trail. Downtown Spokane and Kendall Yards are just minutes away, offering entertainment, coffee shops,
Fully leased investment property producing $7,545/month in rental income. Includes a total of seven condo units. Two retail spaces with 14’ ceilings (approx. 1,200 SF each), and three apartments (one 2 bed/1 bath, two 1 bed/1 bath). Two shop/storage units with fenced yard provide additional income and utility. TPO roof replaced in 2025.
Investment Opportunity Fully rented with great tenants! Duplex with two 2-bed, 1-bath units. Unfinished basement offers potential for additional living space or revenue. Convenient location near schools, shopping, and amenities.
Investment opportunity, owner financing available! Duplex, most recent gross rental income $2,800/month. Ideal for owner-occupy: live in one unit and let the other offset your payment. Main level (vacant, recently rented at $1,475/mo) 2 bedrooms, 1 bath, bonus room, formal dining, bay windows, oversized living room, hardwood floors, large kitchen with breakfast bar, main floor laundry and huge covered porch. Lower level has new windows, new furnace, new interior paint and new bathroom floor. Upper unit ($1,025/mo) offers 1 large bedroom, 1 bath, enclosed entry porch with extra storage, and covered exterior stairs. Long-term tenant month-to-month. Basement with extra storage room, separate meters. New exterior paint. Detached 2-car garage (recently rented $300/mo, divided for tenant use), alley access, and off street extra parking. Partially fenced front yard. Established neighborhood near Audubon Park, Kendall Yards, Centennial Trail, Spokane River, and shopping district.
Great Condo w/Sweeping Views!! This 2 Bedroom/1 Bathroom Condo is Updated & Move-in Ready & Features: Fresh Interior Paint, Updated Appliances, Vinyl Plank Flooring, Updated Lighting & Light Switches w/Dimmers. There is a Great Deck w/Glass Railing to take Full Advantage of the Amazing Views of Spokane! The Kitchen has Very Nice Wood Cabinets, Newer Glass Top Range, Viking Range Hood, Big Refrigerator, Dishwasher & Corian Counters. The Bedrooms are Spacious, w/Large Closets & their own A/C Units. The Bathroom has a Custom Tile Shower & Deep Soaker Tub & Stackable Front Load Washer (Higher Capacity) & Dryer. Don't Miss the Community Pool, Community Deck Space (Between Buildings), Locked Mail Room, Laundry Space, Your Own Covered Parking Space (KS), Storage Area & Access to Nearby Forested Area. Great potential for long or short term rental or as an Airbnb. HOA Fees cover w/s/g, exterior, plowing, pool maintenance & landscaping. All this AND Beautiful Views and also Close to Parks, Shopping & Restaurants!
Rare opportunity to own two fully rented fourplexes (8 units total) in Spokane’s highly desirable Gonzaga District—just minutes from Gonzaga University, public transportation, and Downtown Spokane! These well-maintained buildings boast a combined gross income of approximately $115,000 annually, with five of the eight units fully remodeled, including the two most recent rentals bringing in $1,400/month each. All units are 2 bed / 1 bath and feature in-unit laundry, making them highly attractive to tenants along with the 8 car carport and 6 storage units. Investors will appreciate the stability and strong cash flow without the need for commercial financing. All appliances, including washers and dryers, are included in the sale, making this a truly turnkey investment. Recent improvements include new roofs on both the main complex and carport, updated siding and exterior paint. Showings available with accepted offer only. Please don't disturb tenants. Seller is a licensed real estate agent.
A set of two well maintained and updated duplex units, each on its own lot, in an excellent location on the desirable South Hill. All units are 3br/2ba of approximately 1200sf. Each unit has a deck or patio, in unit washer and dryer and there are 6 garages for the four units. All units include a range, fridge, microwave and dishwasher as well. 3 of the units have been updated recently and the 4th is in great shape with a wonderful long-term tenant. Excellent visibility along 29th Avenue just east of the Manito Shopping Center. The roof on both buildings are brand new with a transferable warranty.
Step into the ultimate Kendall Yards duplex! This charming, well-established income property is perfectly located just blocks from shopping, dining, and the Centennial Trail—and minutes to Downtown and Riverfront Park! Each Fully Furnished side features 2 bedrooms, 1 bath, a bright living space, kitchen, and main-floor laundry. Nicely updated, this turnkey duplex has a strong short-term rental history on Airbnb. Don’t miss your chance to own a piece of Kendall Yards with unbeatable location, charm, and income potential—schedule your showing today!
Investor special in Spokane just north of the Garland District! This separately metered duplex sits on a corner lot and is a subdivided bungalow with major updates already completed—newer roof, vinyl windows, separately metered electricity fully run, and plumbing in place for two kitchens. Each side features 2 beds, 1 bath, a brick masonry fireplace, and ductless mini-split heating. The upstairs unit retains its original hardwood floors. Both units have private entrances, separately fenced front and backyards, and share a garage and off-street parking. Excellent layout for tenants or owner-occupants. Seller is open to owner financing—don’t miss this unique value-add opportunity in a great location!
8-unit multifamily property, fully occupied under a master lease with VOA. This solid investment features eight one-bedroom, one-bath units. The property generates $10,512 in monthly rental income. Whether you’re expanding your portfolio or entering the market, this property is positioned for long-term success.
This well-cared-for duplex has been thoughtfully updated and is owned and managed by an attentive owner. Both units feature durable LVP flooring and fully renovated kitchens with quartz countertops, white shaker-style cabinets, and soft-close drawers. Bathrooms have been modernized with quality finishes, and the living rooms each include a wood-burning fireplace for added character. Each unit has one covered parking space in the spacious carport, and the property’s landscaping has been replaced and is in excellent condition, providing a clean and inviting exterior. Located just steps from Hays Park, this duplex offers both comfort and convenience in a desirable neighborhood setting.
Investor-ready and fully occupied, this updated 4-plex features four 1-bedroom, 1-bathroom units—each thoughtfully remodeled for modern living. Interiors include updated kitchens and bathrooms, stylish flooring, and in-unit stackable washer and dryers for tenant convenience. Each unit also comes with its own storage closet and covered carport parking, offering added value and appeal. With stable tenants in place and all major updates completed, this low-maintenance property delivers immediate cash flow in a high-demand rental market. A smart addition to any portfolio.
Step into this character-rich triplex located just blocks from Gonzaga University, an unbeatable location for student housing or income potential. With fresh exterior paint and timeless architectural details, this property blends classic charm with smart investment appeal. The inviting first-floor unit offers a warm, spacious layout that’s perfect for owner-occupancy—think original touches, high ceilings, and large windows. Two additional units provide steady rental income from students, faculty, or local professionals. Whether you're a seasoned investor or looking to house-hack by living in one unit and renting the others, this triplex checks all the boxes: prime location, historic charm, and versatile income potential.
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Spokane is located in Washington. Spokane, Washington has a population of 225,709. Spokane is less family-centric than the surrounding county with 27.98% of the households containing married families with children. The county average for households married with children is 30.49%.
The median household income in Spokane, Washington is $56,977. The median household income for the surrounding county is $64,079 compared to the national median of $69,021. The median age of people living in Spokane is 36.4 years.
The average high temperature in July is 83.5 degrees, with an average low temperature in January of 24 degrees. The average rainfall is approximately 17.2 inches per year, with 43.9 inches of snow per year.
