2002 W 8th Ave - Multi-Family FOR SALE


Spokane, WA 99204- Cliff Cannon
$650,000 USD
509-315-8720
2002 W 8th Ave, Spokane, WA for Sale
$650,000 USD
Multi-Family - FOR SALE
1/20
null | 6.97% Cap Rate

2002 W 8th Ave
Spokane, WA 99204
Cliff Cannon


HIGHLIGHTS

  • 2 Garages for Additional Rental Income
  • On Site Laundry Facilities
  • Potential to Add Additional Units
  • Rental Income of $5,090/Month

OVERVIEW

4 - 1 Bed/1 Bath Units & 1 - 3 Bed/1 Bath Unit Rental Income of $5,090/Month 2 Garages for Additional Rental Income On Site Laundry Facilities Potential to Add Additional Units Recent Unit Updates & Architectural Charm Great South Hill Location Close to 1-90 This property offers individuality, uniqueness, and character. Located in Spokane’s historically upscale Lower South Hill neighborhood, this area was originally developed 120 years ago as an affluent district filled with historic homes and mansions. These homes were built during a time when craftsmanship and quality materials were highly valued. Thanks to the lasting quality of the surrounding residences and the convenient access to downtown, this property sits in one of Spokane’s most desirable residential areas. It benefits from easy access to both East–West freeway routes and North–South corridors like Maple and Monroe. Major employers—including Deaconess Hospital, Sacred Heart Hospital, Fairchild Air Force Base, and Downtown Spokane—are just minutes away. The property is centrally located with convenient access to major roads. We encourage you to explore the Spokane City Crime Map to see the neighborhood firsthand. This property has minimal deferred maintenance, and it remains attractive and well cared for—something tenants take pride in. Leases include clear rules: no parties, no loud music, and no smoking. A team of full-time maintenance staff ensures that all repairs are addressed promptly and that the property remains in excellent condition.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$151 USD /SF

# OF UNITS

5

PRICE/UNIT

$130,000

CAP RATE

6.97%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

9,920 SF

ZONING

RMF

APN/PARCEL ID

25244.4803

ASK ABOUT THIS PROPERTY

Dallas LightnerLT Real EstateMore Info
509-315-8720

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Dallas LightnerLT Real EstateMore Info
509-315-8720

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