Multi Family Home · Spokane, WA

1225 E 29th Ave, Spokane, WA 99203

$1,250,000 Active MLS® 202619013 Multi Family Home
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ActiveMLS® 202619013
$1,250,000
1225 E 29th Ave, Spokane, WA 99203
Bds Ba 4,560 Sq.Ft. 0.32 Ac
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!

Interior Features
  • Additional features
  • Utilities Cable Available
  • Air conditioning
  • Basement description Full, Finished, Daylight, Rec/Family Area, Walk-Out Access, Slab
  • Pool description
  • Outbuildings
  • Fence
  • Lot dimension 0.32
  • Lot description Fenced Yard, Treed, City Bus (w/in 6 blks)
Exterior Features
  • Body of water
  • View Territorial
  • Pool
  • Pool description
  • Outbuildings
  • Fence
  • Lot dimension 0.32
  • Lot description Fenced Yard, Treed, City Bus (w/in 6 blks)
  • Foundation
  • Exterior
  • Roofing materials Composition
Location