1023 W Maxwell Ave - Multi-Family FOR SALE


Spokane, WA 99201- West Central
$515,000 USD
509-481-0373
1023 W Maxwell Ave, Spokane, WA for Sale
$515,000 USD
Multi-Family - FOR SALE
1/21
null | 8.01% Cap Rate

1023 W Maxwell Ave
Spokane, WA 99201
West Central


HIGHLIGHTS

  • 4 - 1 Bed/1 Bath Units
  • Triplex with Seperate ADU Unit
  • New Roofs on Both Buildings

OVERVIEW

This well-maintained property features a triplex plus a separate ADU, offering a total of four 1 bed / 1 bath units. With a combined rental income of $4,660/month when fully occupied, this asset provides immediate returns and long-term upside. Recent upgrades include new roofs on both buildings, fresh exterior paint, and vinyl windows throughout. The detached ADU boasts a generous loft space—ideal for additional living, storage, or creative use—adding versatility and appeal to the property. Whether you're looking to house-hack, expand your portfolio, or secure a low-maintenance investment, this property checks all the boxes. Don’t miss this turnkey opportunity with reliable income and quality upgrades already in place!

FOR SALE DETAILS

PRICE

$515,000 USD

PRICE/SF

$203 USD /SF

# OF UNITS

4

PRICE/UNIT

$128,750

CAP RATE

8.01%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,100 SF

ZONING

RTF

APN/PARCEL ID

35182.2403

ASK ABOUT THIS PROPERTY

Ryan TownerLT Real EstateMore Info
509-481-0373

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Ryan TownerLT Real EstateMore Info
509-481-0373

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.