1225 E 29th Ave, Spokane, WA 99203-3219
- $1,250,000
- 4,560
- SqFt
- List Price
- $1,250,000
- MLS#
- 202619013
- Status
- ACTIVE
- City
- Spokane
- Acres
- 0.32
- Living Area
- 4,560
Property Description
Turnkey 4-unit multifamily investment opportunity featuring two duplexes on separate parcels. Each of the four units offers a spacious 3-bedroom, 2-bath floor plan designed for strong tenant appeal and long-term rental demand. Recent capital improvements include new roofs on both residential buildings and all garages, plus new walkways, stairwells, and four private decks, reducing future maintenance costs while enhancing curb appeal and tenant enjoyment. 3 units are currently occupied by long-term tenants, providing immediate cash flow. Current rents are below market, offering investors a clear opportunity to increase income and improve returns over time. A standout feature is the assumable loan with a 5.5% interest rate fixed for 5 years and no assumption fee—a rare financing advantage in today's market. With stable occupancy, major upgrades, rental upside, and attractive financing, this property is an excellent opportunity for investors seeking strong cash flow and long-term growth potential!
Additional Information
- Year Built
- 1977
- School District
- Spokane Dist 81
- Elementary School
- Hutton
- Middle School
- Sacajawea
- High School
- Lewis & Clark
- Garage Spaces
- 6
- Frontage
- City Street, Paved Road
- Area/Grid
- SE Urban S I-90
- MLS Area/Grid#
- A210/045
- Acres MOL
- 0.32
- Lot Size
- 14,200
- Basement
- Full, Finished, Daylight, Rec/Family Area, Walk-Out Access, Slab
- Master Bedroom
- 3/4 Bath, 1st Flr
- Features
- Breakers,200 AMP
- Heating/Cooling
- Electric, Ductless, Zoned
- Lot Information
- Fenced Yard, Treed, City Bus (w/in 6 blks)
- Style
- Contemporary
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Listing courtesy of SARMLS / Windermere Valley
Listings last updated . All information provided is deemed reliable but is not guaranteed and should be independently verified.