2716 E 37th Ave - Multi-Family FOR SALE


Spokane, WA 99223- Moran Prairie
$599,900 USD
509-385-1662
2716 E 37th Ave, Spokane, WA for Sale
$599,900 USD
Multi-Family - FOR SALE
1/26
null | 5.1% Cap Rate

2716 E 37th Ave
Spokane, WA 99223
Moran Prairie


HIGHLIGHTS

  • Well located with easy access to public transportation and South Hill everything
  • Too many upgrades to mention; Roof, electrical, decks, paved parking, garages to mention a few

OVERVIEW

Rare opportunity to acquire a fully leased, low-maintenance duplex in a highly desirable South Hill location with immediate, stable cash flow. Offered at $599,900, the property produces a 5.1% cap rate, $30,594 NOI, and a 12.78 GRM, backed by strong in-place rents and secured tenancy. Both units are leased with reliable tenants, delivering consistent income from day one, while recent capital improvements, including new roof, electrical upgrades, deck improvements, and paved parking for up to 6 vehicles, position this asset for minimal ongoing maintenance. Opportunities combining location, condition, and long-term income stability are increasingly difficult to find in today’s market. This property is ideally suited for investors seeking a secure, turnkey hold with predictable performance and limited future capital exposure. Well-positioned for strong investor interest. Financials and lease details available upon request.

FOR SALE DETAILS

PRICE

$599,900 USD

PRICE/SF

$216 USD /SF

# OF UNITS

2

PRICE/UNIT

$299,950

CAP RATE

5.1%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1976

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

RTF

APN/PARCEL ID

35334.3402

ASK ABOUT THIS PROPERTY

Scott BrewerKeller Williams Realty SpokaneMore Info
509-385-1662

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Scott BrewerKeller Williams Realty SpokaneMore Info
509-385-1662

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