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Listed by Derek Raivio • LT Real Estate
$ 725,000
Est. payment /mo
New
8705 N Colton St Spokane, WA 99218
9,147 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Residential Income
Listing Status Active
Purchase Type For Sale
MLS Listing ID 202617285
Year Built 1981
Lot Size 9,147 Sqft
Lot Dimensions 0.21
Property Sub-Type Residential Income
Property Description
Exceptional investor or owner-occupant opportunity featuring a well-maintained fourplex in North Spokane within the desirable Mead School District. With strong rental history and quality updates throughout, this property offers excellent income potential and long-term value. Each unit features just under 1,000 SF with 2 bedrooms, 2 bathrooms, including a primary suite, plus LVP flooring, updated cabinetry, stainless steel appliances, updated vinyl windows, in-unit laundry, and individual A/C units. Residents also enjoy private balconies or porches, off-street parking, and detached garages for added convenience and income potential. Gross Monthly Income: $5,360. NOI: $51,453.83. Cap Rate: 7.1%. Potential to package 803 W Knox Ave and 1511-1517 W Euclid Ave for expanded investment opportunity.
Location
State WA
County Spokane
Rooms
Basement None
Interior
Heating Electric, Baseboard
Cooling Window Unit(s)
Exterior
Parking Features Detached, Off Site
Garage Spaces 1.0
Amenities Available None
View Y/N true
Roof Type Composition
Building
Structure Type Masonite
Schools
Elementary Schools Shiloh
Middle Schools Mountainside
High Schools Mt Spokane
School District Mead
Others
Acceptable Financing FHA, VA Loan, Conventional, Cash
Listing Terms FHA, VA Loan, Conventional, Cash
NEARBY SCHOOLS & PROPERTIES
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