3203 N Smith St, Spokane, WA 99207
3203 N Smith St, Spokane, WA 99207
3203 N Smith St, Spokane, WA 99207
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Alyssa Curnutt

Alyssa Curnutt

+1(509) 590-7615
Listed by Jeff Hornberger • The Hornberger Group, LLC
$1,125,000
Est. payment /mo
6,500 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Residential Income

Listing Status Active

Purchase Type For Sale

Square Footage 6,500 sqft

Price per Sqft $173

MLS Listing ID 202616964

Style Traditional

Year Built 1978

Lot Size 0.290 Acres

Lot Dimensions 0.29

Property Sub-Type Residential Income

Property Description

Well-maintained 12-unit apartment building offering a stable and consistent income stream with a proven track record of performance. The unit mix consists of nine 1-bedroom units and three 2-bedroom units—an ideal blend in today's market, with strong demand for 1-bedroom housing helping drive consistent occupancy. The property is currently operating at approximately 83% occupancy with room to increase revenue through lease-up and continued rent optimization . Ownership has completed light updates during unit turns, helping maintain condition while supporting long-term tenant retention. Financials show strong, steady income with over $131K in rental income and additional revenue streams including utility bill-backs and pet rent . On-site laundry provides further upside potential, and low-maintenance grounds keep operating expenses manageable. Professionally managed with systems in place, this is a “steady eddie” asset ideal for investors seeking reliable cash flow with upside.

Location

State WA

County Spokane

Rooms

Basement None

Interior

Heating Electric, Ductless

Cooling Wall Unit(s)

Appliance Free-Standing Range, Dishwasher, Refrigerator

Exterior

Parking Features None

Amenities Available Laundry

View Y/N true

View Territorial

Roof Type Composition

Building

Lot Description Fenced Yard, Cross Fncd, Sprinkler - Automatic, Level, Corner Lot, City Bus (w/in 6 blks)

Story 2

Architectural Style Traditional

Structure Type Siding,Wood Siding

Schools

Elementary Schools Bemiss

Middle Schools Shaw

High Schools Rogers

School District Spokane Dist 81

Others

Acceptable Financing Conventional, Cash

Listing Terms Conventional, Cash

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NEARBY SCHOOLS & PROPERTIES

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Alyssa Curnutt
Alyssa Curnutt

Agent | License ID: 128489

+1(509) 590-7615 | alyssa@alyssacurnutt.com

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3203 N Smith St