Multi Family Home · Spokane, WA 99203
1225 E 29th Ave, Spokane, WA 99203
Spokane, WA 99203
$1,250,000
ActiveMLS® 202619013
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
- Appliances Free-Standing Range, Dishwasher, Refrigerator, Disposal, Microwave, Washer, Dryer
- Fireplace description Masonry, Woodburning Fireplce
- Rooms Utility Room
- Basement Full, Finished, Daylight, Rec/Family Area, Walk-Out Access, Slab
- Heating Electric, Ductless, Zoned
Exterior and Construction
- Style Contemporary
- Roofing Composition
- Windows Aluminum Frames, Multi-Pane Windows
- Construction Duplex
Utilities
- Utilities Cable Available
Land and Lot
- Lot size 0.32 acres (14,200 sq ft)
- View Territorial
- Lot description Fenced Yard, Treed, City Bus (w/in 6 blks)
HOA and Community
- Amenities Play Area
Location and Zoning
- Road/Access City Street, Paved Road
- County Spokane
- Neighborhood Rockwood
- Zoning 35294.2716
Schools
- High School Lewis & Clark
- School District Spokane Dist 81
- Elementary School Hutton
- Junior High School Sacajawea
Tax and Legal
- Annual tax $9,944
- Parcel number 35294.2716
Parking and Garage
- Garage Detached, Off Site, Shared Driveway, Assigned
- Garage spaces 6
Listing Information
- Listing Agent
- Trevor Windhorst
- Listing Office
- Windermere Valley
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