Description
Investor opportunity with immediate upside potential. This fourplex features four spacious 2 bed, 1 bath units, each offering approximately 784 square feet of living space. Currently 50% occupied, the property presents a value-add opportunity through lease-up and rent stabilization, making it an attractive option for investors seeking increased cash flow and long-term appreciation. Existing rents range from $1,045 to $1,097 per month, with potential to bring rents in line with current market rates. Recent maintenance and turnover improvements position the next owner to capitalize on increased occupancy and operational efficiency. Conveniently located near downtown Spokane, major employers, public transportation, shopping, dining, and everyday amenities. Ideal for investors looking to expand their portfolio or complete a 1031 exchange while adding a property with strong income potential and room for growth.
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0BEDS
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0.25ACRES
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0BATHS
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01/2 BATHS
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3,136SQFT
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$169$/SQFT
School Information
Description
Investor opportunity with immediate upside potential. This fourplex features four spacious 2 bed, 1 bath units, each offering approximately 784 square feet of living space. Currently 50% occupied, the property presents a value-add opportunity through lease-up and rent stabilization, making it an attractive option for investors seeking increased cash flow and long-term appreciation. Existing rents range from $1,045 to $1,097 per month, with potential to bring rents in line with current market rates. Recent maintenance and turnover improvements position the next owner to capitalize on increased occupancy and operational efficiency. Conveniently located near downtown Spokane, major employers, public transportation, shopping, dining, and everyday amenities. Ideal for investors looking to expand their portfolio or complete a 1031 exchange while adding a property with strong income potential and room for growth.
© 2026 of Spokane Association of REALTORS® MLS. All rights reserved. Listing information courtesy of Spokane Association of REALTORS® MLS. IDX data is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the SARMLS. Data last updated 2026-07-21T11:20:41.367.