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Listed by Dallas Lightner • LT Real Estate
$ 2,700,000
Est. payment /mo
New
29 E 6TH Ave Spokane, WA 99202
13,048 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Residential Income
Listing Status Active
Purchase Type For Sale
Square Footage 13,048 sqft
Price per Sqft $206
MLS Listing ID 202624659
Year Built 1978
Lot Size 46.000 Acres
Lot Dimensions 46
Property Sub-Type Residential Income
Property Description
20-unit multifamily investment opportunity - (18) 2 Bed/1 Bath Units and (2) 1 Bed/1 Bath Units, located near Downtown Spokane and the Medical District. Built in 1978, this 13,048 SF property sits on approximately 0.46 acres and offers a strong combination of location, resident amenities, and income potential. The property features granite countertops, stainless-steel appliances, LVP flooring, covered parking, and on-site laundry facilities. Conveniently located near multiple parks and retail centers, with easy access to Downtown Spokane and the Medical District, this property offers an attractive investment opportunity. The property consists of 20 units with Effective Gross Income of $24,893.10 per month, an NOI of $198,639.09, and a 7.36% cap rate.
Location
State WA
County Spokane
Rooms
Basement None
Interior
Heating Electric
Exterior
Parking Features Carport, Off Site
Amenities Available Laundry
View Y/N true
Roof Type Flat
Building
Story 3
Structure Type Fiber Cement
Schools
High Schools Lewis & Clark
School District Spokane Dist 81
Others
Acceptable Financing Conventional, Cash, Commercial
Listing Terms Conventional, Cash, Commercial
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