$559,000
Spokane, WA 99204
MLS# 24-2087
Status: Closed
3324 sqft
1 / 45
Property Description
Welcome to your next investment opportunity nestled in the heart of Spokane - a charming triplex, yielding nearly a 6.5% cap rate, boasting a rich history of great tenants. Situated in the coveted south hill, this triplex offers convenience and accessibility to all that Spokane has to offer. With its great rental history and 100% occupancy rate, you're stepping into a lucrative venture from day one. Whether you're a seasoned investor looking to expand your portfolio or a newcomer seeking a stable income stream, this triplex presents an unparalleled opportunity to grow your portfolio. From refreshed interiors to upgraded amenities, this triplex won't disappoint. Parking is no problem with the added 3 stall garage with openers in addition to off-street parking.
Details
Maps
Contract Information
Neighborhood Grid #: 700
Short Sale: No
REO: No
Financing: Conventional Loan
Status: Closed
Listing Type: Multi Family
Area: Washington Counties
Sold Date: 2024-04-23
Begin Date: 2024-03-18
List Price: $559,000
Under Contract Date: 2024-03-22
General Property Description
Building Style: Multi Level
Realtor.COM Type: Multi-Family
Lot Acres: 0.16
Basement: Yes
Lot Type 1: Duplex/Multi
Total SqFt.: 3324
Remodeled: Yes
Year of Remodel: 2010
Lot Size: 7100
New Construction: No
ESTIMATED SqFt Source: Assessor
Garage Stall: 2 Car
2 BR units: 2
3 BR units: 1
SqFt Per: Bldg
Number of Units: 3
Year Built: 1906
Legal and Taxes
AIN/Tax Bill: N/A
Taxes: 4779.85
Zoning: RMF
Tax Year: 2023
Taxes Reflect 1: No Exemptions
Legal: CANNONS ADD L10 B39
Parcel Number: 25244.3609
School District: Other
Directions: South on Maple, west on 8th two blocks. Property is third house on the right fron corner of 8th and Ash.
Subdivision: N/A
Remarks
Public Remarks: Welcome to your next investment opportunity nestled in the heart of Spokane - a charming triplex, yielding nearly a 6.5% cap rate, boasting a rich history of great tenants. Situated in the coveted south hill, this triplex offers convenience and accessibility to all that Spokane has to offer. With its great rental history and 100% occupancy rate, you're stepping into a lucrative venture from day one. Whether you're a seasoned investor looking to expand your portfolio or a newcomer seeking a stable income stream, this triplex presents an unparalleled opportunity to grow your portfolio. From refreshed interiors to upgraded amenities, this triplex won't disappoint. Parking is no problem with the added 3 stall garage with openers in addition to off-street parking.
Property Subject To
CC&Rs: No
Homeowners Assoc: No
Non-Mtg Lien: No
LID: No
Flood Zone: No
Aircraft Flight Zone: Unknown
Fire Protection Dist: Yes
View
Territorial: 1
Lot Features
Level: 1
Interior Features
Cable TV: 1
Fireplace: 1
High Speed Internet: 1
Fencing
Full: 1
Exterior Features
Covered Porch: 1
Other Structures
See Remarks: 1
Terms Considered
1031 Exchange: 1
Cash: 1
Conventional: 1
Road
Paved: 1
Public Maintained Road: 1
Water
City: 1
Sewer
Public Sewer: 1
Fuel
Natural Gas: 1
Heating
Baseboard: 1
Bsmt
Full Size: 1
Basement
Part Finished: 1
Walk-Out Access: 1
Foundation
Concrete: 1
Construction
Frame: 1
Exterior
Lap Siding: 1
Roof
Comp Shingle: 1
Address
Street Number: 1714
Street Direction Pfx: W
Street Name: 8th
Street Suffix: Ave
State/Province: WA
Postal Code: 99204
County: Spokane
Property Features
View: Territorial
Lot Features: Level
Fencing: Full
Interior Features: Cable TV; Fireplace; High Speed Internet
Exterior Features: Covered Porch
Fuel: Natural Gas
Heating: Baseboard
Other Structures: See Remarks
Bsmt: Full Size
Basement: Part Finished; Walk-Out Access
Foundation: Concrete
Construction: Frame
Exterior: Lap Siding
Roof: Comp Shingle
Road: Paved; Public Maintained Road
Sewer: Public Sewer
Terms Considered: 1031 Exchange; Cash; Conventional
Listing Office: Avalon 24 Real Estate
Last Updated: June - 16 - 2026
Information displayed on this website on listings other than those of the website owner is displayed with permission of the Coeur d'Alene MLS and Broker/Participants of the Coeur d'Alene MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is from sources deemed reliable but is not guaranteed. Prospective buyers should verify information independently. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.