$434,000
$445,000
2.5%For more information regarding the value of a property, please contact us for a free consultation.
1432 W 7th Ave Spokane, WA 99204
2,660 SqFt
Key Details
Sold Price $434,000
Property Type Multi-Family
Sub Type Residential Income
Listing Status Sold
Purchase Type For Sale
Square Footage 2,660 sqft
Price per Sqft $163
Subdivision Cannon'S Addition
MLS Listing ID 202526141
Sold Date 05/15/26
Style Craftsman
Year Built 1910
Annual Tax Amount $5,008
Lot Size 6,969 Sqft
Lot Dimensions 0.16
Property Sub-Type Residential Income
Property Description
4-PLEX in CANNON HILL! The unit count comprises of 2-One Bedroom, and 2-Studio apartments, creating an investment opportunity for owner-occupied financing; AND through the Spokane Historic Preservation Office, qualifies for the Special Valuation Tax Incentive. Projected 6.5% - 7% untrended cap rate. Permitted from residence to apartments in conjunction with the Federal Government to provide housing for troops returning from WWII. 3-D tour available on Zillow. Not only is this an unbeatable location near parks, bluff trails, South Hill and Downtown amenities, it's a great addition to any investment portfolio!
Location
State WA
County Spokane
Rooms
Basement Partial, Unfinished, Laundry
Interior
Interior Features Hot Water, Smart Thermostat, Natural Woodwork
Heating Natural Gas, Hot Water
Appliance Free-Standing Range, Refrigerator, Washer, Dryer
Exterior
Parking Features Attached, Detached, Underground, Alley Access
Garage Spaces 2.0
Amenities Available Laundry, Gas
View Y/N true
View City
Roof Type Composition
Total Parking Spaces 2650
Building
Lot Description Level, Rolling Slope, Corner Lot, City Bus (w/in 6 blks), Oversized Lot
Story 2
Architectural Style Craftsman
Structure Type Wood Siding
Schools
Elementary Schools Roosevelt
Middle Schools Sacajawea
High Schools Lewis & Clark
School District Spokane Dist 81
Others
Acceptable Financing FHA, VA Loan, Conventional, Cash
Listing Terms FHA, VA Loan, Conventional, Cash
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