Multi Family · Active

1405 8th

Spokane, WA 99204

MLS #26-10526

$1,600,000

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  • 9,372 Sq. Ft.
  • 0.28 Acres
  • 1962 Year Built

Property Overview

About This Property

13-unit multifamily investment opportunity featuring 8 one-bedroom/one-bath units and 5 two-bedroom/one-bath units. The property generates $16,092.13 in Effective Gross Income and offers an on-site laundry facility, beautifully landscaped grounds, and a convenient location near restaurants, shopping, I-90, and Downtown Spokane. Investment highlights include a $114,247.54 NOI and a 7.14% cap rate, providing an attractive opportunity for investors seeking established rental income in a convenient Spokane location.

Details

Property Details

Property

Property Type
Multi Family
Status
Active

Heating and Cooling

Heating
Baseboard · Electric

Waterfront and Views

Views
City

Schools and Area

County
Spokane County, Washington
Subdivision
N/A
Listed
October 27, 2026
Days on Market
1 day

Tax and MLS Information

MLS ID
26-10526

Location

Property Location

Spokane, WA 99204

Spokane County, Washington

N/A

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Listing Courtesy of LT Real Estate

Mortgage Payment

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Rate estimate updated July 25, 2026
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Principal & Interest
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Total Estimated Mortgage Payment
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Loan Summary

Loan Amount
$0
Monthly Principal & Interest
$0
Total Interest
$0
Total Paid
$0
Estimated Payoff Date
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Have Questions About This Property?

Contact Jen to discuss this home, financing options, local market conditions, or to schedule a private showing.

Contact Jen About This Property

This calculator provides an estimated mortgage payment for informational purposes only and is not a loan offer, lending commitment, or guarantee of financing. The estimate includes principal, interest, and estimated mortgage insurance when applicable. Property taxes, homeowners insurance, closing costs, lender fees, association dues, and other ownership expenses are not included. Actual loan terms, rates, costs, and payments will vary. Consult a qualified mortgage professional for an official loan estimate.

Jen Lenz, North Idaho real estate professional

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(208) 819-0402

CENTURY 21 RiverStone

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