$590,000

Residential Income In Spokane Valley

  • 2,496 Sqft
  • 7,620 Sqft lot
  • Updated: July 25
  • Source:
    Spokane Association of REALTORS  MLS#202617225

About the Property

Well-maintained 5-unit investment opportunity in Spokane Valley featuring four 1 bed / 1 bath units and one 2 bed / 1 bath unit with in-unit laundry. The remaining units are supported by a convenient on-site coin-operated laundry, providing additional income potential. Units have been updated over the years, and major capital expenditures have already been addressed, roof, siding, and windows—offe
Well-maintained 5-unit investment opportunity in Spokane Valley featuring four 1 bed / 1 bath units and one 2 bed / 1 bath unit with in-unit laundry. The remaining units are supported by a convenient on-site coin-operated laundry, providing additional income potential. Units have been updated over the years, and major capital expenditures have already been addressed, roof, siding, and windows—offering a more predictable, low-maintenance investment profile. Financially, the property has demonstrated consistent performance with ~$52,900 in trailing 12-month gross income. Current rents range from approximately $795 to $1,095, with additional income from utilities and laundry. The unit mix provides strong demand stability, while the Valley location continues to support long-term rental growth. This is a solid, turn-key asset for investors seeking reliable cash flow, reduced capital expenditure risk, and upside through re
  • Property type

    Other

  • Floors

    1

  • Year built

    1951

  • Price/sqft

    $236

Features

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205 S Elizabeth Rd, Spokane, Washington, United States View on Google Maps
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The Hornberger Group, LLC - Spokane Valley

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The Hornberger Group, LLC - Spokane Valley
Washington, United States
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6
Listings
2026
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The Hornberger Group, LLC - Spokane Valley
Spokane Valley, Washington, United States
View agency profile
Last updated
July 25
First listed
May 13
Listing reference
202617225
Listing status
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