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Listed by Ryan Towner • LT Real Estate
$1,050,000
Est. payment /mo
10,568 SqFt
New
1103 W 9th Ave #912 S Madison Ave Spokane, WA 99204
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Key Details
Property Type Multi-Family
Sub Type Residential Income
Listing Status Active
Purchase Type For Sale
Square Footage 10,568 sqft
Price per Sqft $99
MLS Listing ID 202623010
Style Victorian
Year Built 1904
Lot Size 0.300 Acres
Lot Dimensions 0.3
Property Sub-Type Residential Income
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 triplex, offering 2 bedrooms each.. The second building includes a total of 6 units, made up of one studio, three 1-bedroom units, and two 2-bedroom units. Together, the properties generate a solid monthly rental income of $10,261. 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
Rooms
Basement Laundry
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
Architectural Style Victorian
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
Nearby Locations
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