9
See all 9 photos
Listed by Kidder Mathews
$425,000
Est. payment /mo
4 Beds
4 Baths
2,214 SqFt
New
1911 W 2nd AVE Spokane, WA 99201
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Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,214 sqft
Price per Sqft $191
Subdivision Spokane
MLS Listing ID 2373316
Style 54 - 4-Plex
Bedrooms 4
Year Built 1900
Annual Tax Amount $3,769
Lot Size 5,742 Sqft
Property Sub-Type Multi Family
Property Description
Well-maintained, prime value-add opportunity. With the ability to acquire residential financing as an owner-user operator, investors can benefit from more favorable loan terms while capitalizing on a 28% rent increase as-is and up to 43% through renovations. Major system upgrades—including updated electrical panels, roof, and furnace—limit near-term capital expenditures. Located in one of Spokane's most desirable neighborhoods, the property features ample on-site parking, excellent transit access, and potential for future development. Buyers can also scale their investment by acquiring the adjacent Oak and Espanola Annex properties, creating a unique 56-unit portfolio opportunity.
Location
State WA
County Spokane
Area 561 - Spokane County
Interior
Flooring See Remarks
Fireplace false
Exterior
Exterior Feature Wood
View Y/N No
Roof Type See Remarks
Building
Sewer Available
Water Community
New Construction No
Schools
School District Spokane
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
"Three Trees" icon indicates a listing provided courtesy of NWMLS.