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Chris Windham

chriswindham88@gmail.com +1(509) 991-1026

Listed by Jeff Hornberger • The Hornberger Group, LLC

$ 775,000

Est. payment -/mo

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Active

10003 E 9th Ave Spokane Valley, WA 99206

5,304 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Residential Income

Listing Status Active

Purchase Type For Sale

Square Footage 5,304 sqft

Price per Sqft $146

MLS Listing ID 202621077

Style Other

Year Built 1915

Annual Tax Amount $5,107

Lot Size 7,405 Sqft

Lot Dimensions 0.17

Property Sub-Type Residential Income

Property Description

Well-maintained and continuous upgrades made to this 7-unit apartment building in the heart of Spokane Valley. This property is offering stable cash flow and long-term investment potential. Cared for by the same family for many years and features a desirable unit mix of 2 bedrooms and 1 bedrooms units that have had significant upgrades—all currently occupied with a strong rental history. The property is generating approximately $6,820 in monthly rental income, while the pro forma supports a projected 6+% cap rate through simple market rent adjustments. A common laundry room in the basement provides additional income potential and added convenience for residents. Investors will appreciate the pride of ownership, low-maintenance operation, and the benefits of owning in Spokane Valley, including friendlier landlord regulations, lower utility costs, and consistently strong rental demand. A quality, turnkey asset with both dependable income and future upside.

Location

State WA

County Spokane

Rooms

Basement Partial, Partially Finished, Laundry

Interior

Heating Ductless

Appliance Free-Standing Range, Dishwasher, Refrigerator

Exterior

Parking Features None

Amenities Available Laundry

View Y/N true

View Territorial

Roof Type Composition

Building

Lot Description Cross Fncd, Sprinkler - Automatic, Level, Corner Lot, City Bus (w/in 6 blks)

Story 3

Architectural Style Other

Structure Type Siding,Wood Siding

Schools

Elementary Schools University

Middle Schools Bowdish

High Schools University

School District Central Valley

Others

Acceptable Financing FHA, VA Loan, Conventional, Cash

Listing Terms FHA, VA Loan, Conventional, Cash

Chris Windham

Agent

+1(509) 991-1026

Chris Windham

10003 E 9th Ave Spokane Valley, WA 99206

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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10003 E 9th Ave