Tekoa, Washington, United States 1 - 18637658
Tekoa, Washington, United States 2 - 18637658 Tekoa, Washington, United States 3 - 18637658
Tekoa, Washington, United States 4 - 18637658 Tekoa, Washington, United States 5 - 18637658
$1,400,000

Residential Income In Tekoa

  • 17,754 Sqft
  • 3.3 Ac lot
  • Updated: Yesterday
  • Source:
    Spokane Association of REALTORS  MLS#202622414

About the Property

18-Unit Senior Housing Investment Opportunity offering 3.30 acres and 17,754 SF of building space, originally constructed in 1982. The community is 100% project-based Section 8 senior housing with a long-term HUD HAP contract, providing stable, government-backed rental income and predictable cash flow with limited economic vacancy. The property features on-site laundry facilities, a clubhouse, and
18-Unit Senior Housing Investment Opportunity offering 3.30 acres and 17,754 SF of building space, originally constructed in 1982. The community is 100% project-based Section 8 senior housing with a long-term HUD HAP contract, providing stable, government-backed rental income and predictable cash flow with limited economic vacancy. The property features on-site laundry facilities, a clubhouse, and storage space, with current monthly rental income of $22,188. Offered at $77,778 per unit with a 8.31% cap rate and $116,342 NOI, this is an attractive investment opportunity for buyers seeking stable multifamily income with strong occupancy and long-term affordability program support.
…

  • Property type

    Other

  • Floors

    1

  • Year built

    1982

  • Price/sqft

    $78

Features

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540 N Madison St, Tekoa, Washington, United States View on Google Maps
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LT Real Estate - Spokane

Joined 7 months ago
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LT Real Estate - Spokane
Washington, United States
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23
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2026
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LT Real Estate - Spokane
Spokane, Washington, United States
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Last updated
Yesterday
First listed
Aug 12
Listing reference
202622414
Listing status

Listings courtesy of the Spokane Association of REALTORS® as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved.

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