Multi Family Home · Spokane, WA

1307 E Mission Ave, Spokane, WA 99202

$395,000 Active MLS® 202614654 Multi Family Home
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ActiveMLS® 202614654
$395,000
1307 E Mission Ave, Spokane, WA 99202
Bds Ba 2,053 Sq.Ft. 0.2 Ac
Description

Directly across from Mission Park and just steps from Gonzaga University, this classic brick investment property sits in one of Spokane’s most consistent and in-demand rental locations. With campus, recreation, and neighborhood amenities all within easy reach, it’s ideally positioned for long-term tenant appeal. The home offers a functional six-bedroom layout with three bedrooms upstairs and three downstairs—well-suited for student housing or shared living. Solid brick construction adds lasting durability and timeless character, while the unbeatable proximity to Gonzaga ensures strong, reliable demand year after year. Currently leased through May 2027 at $3,000 per month, this is a true turnkey investment with immediate income. Tenants pay all utilities and landscaping, contributing to a low-maintenance ownership experience, and a strong 7.1% cap rate. An exceptional opportunity to own a stable, income-producing property just moments from Gonzaga’s campus.

Interior Features
  • Additional features
  • Utilities
  • Air conditioning Central Air
  • Basement description Full, Finished, Rec/Family Area
  • Pool description
  • Outbuildings
  • Fence
  • Lot dimension 0.2
  • Lot description Fencing, Sprinkler - Automatic, Level, Corner Lot, City Bus (w/in 6 blks)
Exterior Features
  • Body of water
  • View Park/Greenbelt
  • Pool
  • Pool description
  • Outbuildings
  • Fence
  • Lot dimension 0.2
  • Lot description Fencing, Sprinkler - Automatic, Level, Corner Lot, City Bus (w/in 6 blks)
  • Foundation
  • Exterior
  • Roofing materials Composition
Location