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Listed by Dallas Lightner • LT Real Estate
$1,550,000
Est. payment /mo
7,424 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Residential Income
Listing Status Active
Purchase Type For Sale
Square Footage 7,424 sqft
Price per Sqft $208
Subdivision Booge'S Addition
MLS Listing ID 202626401
Year Built 1968
Annual Tax Amount $8,977
Lot Size 0.370 Acres
Lot Dimensions 0.37
Property Sub-Type Residential Income
Property Description
8-unit multifamily property on Spokane's South Hill (Cliff-Cannon) is 100% occupied, featuring eight 2 bed/1 bath units of approximately 1,000 SF each. The 2-story building was built in 1968 and sits on a .37 acre (16,250 SF) lot. Recent updates include a new roof and water heaters in 2025 and updated windows. Units offer electric heat, in-unit washer/dryers, and wood fireplaces in 4 units, with covered off-street parking plus an adjacent lot. Just minutes from Manito Park, Riverfront Park, restaurants, hospitals and transportation. Gross scheduled rent is $129,600 per year ($10,800/month), with an NOI of $91,446 and a 5.90% cap rate.
Location
State WA
County Spokane
Rooms
Basement None
Interior
Heating Electric
Fireplaces Type Woodburning Fireplce
Appliance Washer, Dryer
Exterior
Parking Features Off Site
Amenities Available Laundry, Storage
View Y/N true
Roof Type Flat
Building
Story 2
Structure Type Masonite,Wood Siding
Schools
School District Spokane Dist 81
Others
Acceptable Financing Conventional, Cash, Commercial
Listing Terms Conventional, Cash, Commercial
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