Turnkey Investment Opportunity! An incredable cap rate of 8% Completely renovated and ready to generate income, this attractive Spokane property has been extensively updated to minimize future maintenance and capital expenses. Major improvements include a new roof, updated electrical systems and service panels, updated plumbing, new water heater, new flooring throughout, fully remodeled kitchens and bathrooms, and fresh interior and exterior paint. Low-maintenance landscaping enhances curb appeal while reducing ongoing upkeep costs. The modern finishes and thoughtful upgrades make this property highly desirable for tenants and attractive to investors seeking stable cash flow. With significant capital improvements already completed, this is a rare opportunity to acquire a move-in-ready, income-producing asset with minimal deferred maintenance and strong long-term investment potential. Ideal for portfolio expansion or a 1031 exchange.
Well Cared for 1910 Bungalow! Some of the Many Features of this 2,030 Sqft Home are: A Nice Sized Living Room with Wood Burning Fireplace, Built-in Bookshelves and 2 Beautiful Lead Glass Windows. There is a Nice Dining Room, and the Kitchen is Fully Updated and Complete with Large Sink, and Newer Appliances. Enjoy the 3 Main Floor Bedrooms (all with Large Closets) and the Bathroom is Updated (2025) with a New Tub and Surround. There is also Main Floor Laundry and the Washer and Dryer Stay. The Basement is Open for plenty of storage or there’s room for more Living Space. The Backyard is Fully Fenced with a Pergola on a Patio and a Storage Shed. You will Also Enjoy the Large Private Covered Front Porch. Don't Miss Out on This Home!!
Well-maintained duplex near Whitworth University featuring spacious 4-bedroom, 2-bath units. Each unit has an attached garage, ample off-street parking, newer vinyl plank flooring, upgraded appliances, gas heat, and central air. Recent updates include exterior painting, a French drain system, and backyard access decking connecting both units to a large, private backyard with mature trees. The functional layout offers a living room, kitchen with large informal dining, and full walk-out basement. Ideal for an owner-occupant or investor looking for strong rental potential. Conveniently close to Whitworth, shopping, and amenities. Live in one side and rent the other or invest in this solid duplex opportunity.
This well-maintained South Hill 5-plex offers timeless charm and a solid rental history. The main residence contains four units, complemented by a detached cottage in the backyard serving as the fifth unit. Each unit is separately metered for electricity. The basement provides individual storage areas for tenants along with a shared laundry facility. Owned by the same family for many years, the property has been thoughtfully restored and updated over time and is professionally managed. An excellent investment opportunity with stable, long-term tenants. The adjacent triplex on an oversized lot is also available for purchase, offering the potential to expand and build an additional rental property.
Own a rare piece of history in the heart of Browns Addition, featuring a charming partial cobblestone street just outside the door. This well-preserved triplex, built in 1891, has been lovingly cared for, renovated, and restored by the same family for over 30 years. Two units are located on the main level, while the third upper-level unit offers a private balcony. A brand-new mini split HVAC system has recently been installed, enhancing comfort and efficiency. The property includes off-street parking, a small garage ideal for storage, and shared laundry in the basement. Professionally managed, this historic investment blends timeless character with modern updates and long-term care.
Looking for a great house hackable side by side duplex in a central location near Gonzaga University and Spokane Community College? Look no further, this duplex is your opportunity to rent out one side and owner occupy the other to offset the cost of a mortgage! Or looking for something that is rent ready with turn-key units and tons of updates? This would be perfect for a savvy investor to buy and hold! All of the important updates have been completed and is perfect for a buyer who is looking for an income-generating property without investing in immediate improvements all with one level living! Each unit is 2 bedrooms and 1 bathroom, both featuring newly updated kitchens, bathrooms, flooring, lighting, trim and doors with fully fenced backyards cross fenced between the two units. The hot water heaters, gas furnaces and AC units have also been updated. Each unit has its own off street parking under a carport and individual storage sheds on the side. Showings are available, one side is vacant!
Courtesy: Kidder Mathews
360-705-2800
Max Frame
Well-maintained 7-unit apartment property built in 1911, offering a prime value-add opportunity in a central Spokane location near major employers, parks, schools, and everyday amenities. With nearly $115,000 in recent capital improvements, buyers are perfectly positioned to immediately focus on unit upgrades to push rents and increase returns. Recent work includes new electrical panels, furnace, windows, siding, and fresh exterior paint supporting strong day-one operations and reducing near-term capex. Investors can capture an estimated 16% rent growth as-is, with potential to drive approximately 28% upside with renovations. Excellent transit access with multiple bus stops within walking distance, making travel throughout Spokane easy.
Whitworth area duplex! 1 side occupied and the other vacant. Owner occupy or rent out the vacant side. Great investment opportunity on this remodeled duplex! Rents are $2500 a month. Could also be converted back to a 4 plex. Updates include: All new paint, new LVP floors, cabinets and several doors were refinished, outlets & switches were all updated as well as some of the electrical, both water heaters have been replaced, and the boilers have been serviced annually. Drought resistant landscaping in the front. Both units have 2 car attached garage, deck and patio. Don't miss out on this opportunity!
Adorable two unit home just two blocks from Huckelberry's on the south hill. The main home consists of four bedrooms and two baths, hard wood floors, and new interior paint. The upstairs unit is one bed and one bath with a balcony. Live in one and rent out the other or rent out both. The home has brand new steps to the front porch and back door, a new fence, interior paint, and rebuilt front porch flooring to enjoy for those beautiful summer and fall evenings. Just bring your own porch swing.
Fantastic investment opportunity! Three separate spacious units in a 1 1/2 story home in the Gonzaga University District. Storage shed with designated space for each unit! Good rental history and income potential. It's central location is near bus routes and just minutes away from Down Town! Don't miss out on this one!
Prime mixed-use property in Spokane’s sought-after South Hill neighborhood. The building features 1,015 sqft retail space with a coffee tenant in place with five years left on the lease and twenty-nine apartments above. Located in an Opportunity Zone, the property offers valuable tax benefits and strong income potential. The unit mix includes eighteen one-bedroom and eleven two-bedroom apartments, all with spacious layouts and quality finishes. Rent upside of 10%-20% provides additional growth potential. A solid investment opportunity in a high-demand location close to downtown, shopping, and dining.
Located in Spokane’s up-and-coming Hillyard neighborhood, the Queen Apartments offer an affordable, turnkey multifamily investment. Units feature new LVP flooring and fresh interior paint, allowing an investor to lease the remaining vacancies and generate immediate cash flow. The property includes a mix of 2bed/1bath, 1bed/1bath, and SRO units, plus a backyard storage shed and a basement with potential for a future laundry room. With an 9.5% cap rate (vs. the 2025 county average of 6.41%) and a price of $49,375/unit—well below the $124,413 county average—this asset provides clear value upside. Over $150,000 in recent improvements and a simple, low-maintenance layout make ownership easy, while the area’s expected growth from the North–South Freeway completion in 2030 adds long-term appreciation potential.
This property offers individuality, uniqueness, and character. Located in Spokane’s historically upscale Lower South Hill neighborhood, this area was originally developed 120 years ago as an affluent district filled with historic homes and mansions. These homes were built during a time when craftsmanship and quality materials were highly valued. Thanks to the lasting quality of the surrounding residences and the convenient access to downtown, this property sits in one of Spokane’s most desirable residential areas. It benefits from easy access to both East–West freeway routes and North–South corridors like Maple and Monroe. Major employers—including Deaconess Hospital, Sacred Heart Hospital, Fairchild Air Force Base, and Downtown Spokane—are just minutes away. The property is centrally located with convenient access to major roads.
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%.
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.
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 multifamily opportunity includes two twin duplexes—perfect for investors or buyers seeking an owner-occupant setup with rental income. Each unit offers 2 bedrooms, 1 bathroom, washer/dryer hookups, a spacious open-concept layout, and a kitchen with a peninsula-style eating bar. There is potential to add value with light cosmetic updates. All units are currently occupied, with one left on a month-to-month lease to allow flexibility for the next owner. Each unit includes private storage and a one-car garage. Situated in a highly convenient location near medical centers, shopping, and transit, this property is ideal for long-term tenants. Whether you're expanding your portfolio or looking to live in one unit and rent the rest, this is a prime opportunity to secure stable income and long-term equity growth.
This property is ideally situated in the vibrant Monroe District near variety of amenities, including schools, restaurants, shopping, entertainment, and parks, making it an ideal location for developers, investors, and residents. Three contiguous parcels, including two triplexes and one corner lot. Six total 1 bed/1 bath units across the two triplexes. Current rental income totals $5,150/month. Redevelopment opportunity with flexible CC2-DC zoning. Total land size is 0.43 acres or 18,731 SF. Available for sale or joint venture partnership. Seller financing available with 20% down payment and a 5 year term.
This well-maintained 8-unit apartment building offers a mix of five one-bedroom units and three two-bedroom units. Ideally located near Maple Street freeway access and within walking distance to local restaurants, shopping, and parks, the property combines convenience with classic charm. Updated units feature high ceilings, large windows, and elegant hardwood floors, creating bright, airy living spaces. Many units have been thoughtfully updated with remodeled kitchens and bathrooms, complemented by open floor plans and modern finishes. Overhead dimmable recessed lighting and on-site laundry facilities provide everyday convenience for tenants. With its appealing blend of character, modern upgrades, and prime location, this multifamily property presents an excellent investment opportunity in one of Spokane’s most accessible and desirable neighborhoods.
• 14 Studio Units • Located in Historic Browne’s District • Close to Restaurants & Shopping • Updated Units • Brick Exterior & Vinyl Windows
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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.
