1405 W 8th Ave, Spokane, WA 99204

Spokane
Local realty services provided by:ERA Shelman Realty
1405 W 8th Ave,Spokane, WA 99204
$1,600,000
  • - Beds
  • - Baths
  • 9,372 sq. ft.
  • Multi-family
  • Active
Listed by: ryan towner
Office: lt real estate
MLS#:26-10526
Source:ID_CDAR

Price summary

  • Price:$1,600,000
  • Price per sq. ft.:$170.72

About this home

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.

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Home facts

  • Year built:1962
  • Subdivision & Development:N/A
  • Listing ID #:26-10526
  • Added:1 day(s) ago
  • Updated:October 27, 2026 at 08:14 PM

Rooms and interior

  • Basement:Yes
  • Living area:9,372 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Composition
  • Year built:1962
  • Building area:9,372 sq. ft.
  • Lot area:0.28 Acres
  • Lot Features:Level
  • Foundation Description:Concrete Perimeter

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,600,000
  • Price per sq. ft.:$170.72
  • Tax amount:$16,416 (2025)
IDX information is provided by the Coeur d’Alene Multiple Listing Service exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Data is deemed reliable but is not guaranteed accurate by the MLS

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