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Listed by:The Paragon Group • Peter Clark
$475,000
Est. payment /mo
8 Beds
4 Baths
3,400 SqFt
Active
520 E Wabash AVE Spokane, WA 99207
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Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,400 sqft
Price per Sqft $139
Subdivision Spokane
MLS Listing ID 2520728
Style 52 - Duplex
Bedrooms 8
Year Built 1976
Annual Tax Amount $3,971
Lot Size 5,227 Sqft
Property Sub-Type Multi Family
Property Description
8.5% In-Place Cap Rate | $3,800/Month Rental Income | Low $500/Month Operating Expenses | Rare 8 Bed Duplex North Spokane duplex generating $3,800 per month in rental income with long-term tenants paying $1,900 per unit. Rarely do duplexes offer two oversized 4 bedroom, 2 bathroom units, creating strong tenant demand and long-term rental stability. With approximately $500 per month in operating expenses and a projected 9% cash-on-cash return, this property delivers strong returns from day one. Additional upside exists through cosmetic improvements, exterior updates, and future rent growth. Conveniently located near schools, shopping, services, and major Spokane corridors, this is a strong value-add opportunity with stable income and multiple paths to future appreciation.
Location
State WA
County Spokane
Area 561 - Spokane County
Interior
Fireplace false
Exterior
Exterior Feature Brick
View Y/N No
Roof Type Composition
Building
Sewer Sewer Connected
Water Community
New Construction No
Schools
Elementary Schools Lidgerwood Elem
Middle Schools Garry Mid
High Schools Rogers High
School District Spokane
Others
Senior Community No
Acceptable Financing Conventional, FHA, VA Loan
Listing Terms Conventional, FHA, VA Loan
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
NEARBY SCHOOL & BUSINESS
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