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Spencer Millsap

spencer@millsapgroup.com +1(509) 688-5014

Listed by Spencer Millsap • REAL Broker LLC

$ 425,000

Est. payment | -/mo

3,000 SqFt

Save

$ 425,000

Est. payment | -/mo

Save

3,000 SqFt

Key Details

Property Type Multi-Family

Sub Type Residential Income

Listing Status Active

Purchase Type For Sale

Square Footage 3,000 sqft

Price per Sqft $141

MLS Listing ID 202625404

Style Victorian

Year Built 1907

Lot Size 6,969 Sqft

Lot Dimensions 0.16

Property Sub-Type Residential Income

Property Description

Investors, here's an opportunity to add a well-maintained triplex with a solid rental history to your portfolio or house hack by living in the upstairs unit and renting out the lower 2 units to offset your costs! Situated near picturesque Underhill Park in Spokane, this property offers three comfortable 2-bedroom, 1-bath units, providing strong rental appeal and multiple income streams. One unit has been completely updated, while the property as a whole has a proven rental history and currently generates $3,750 per month. Each unit features its own gas forced-air furnace, allowing for individual heating control and helping provide efficient, reliable heating for tenants. Operating expenses include approximately $400 per month for water, sewer, and garbage, $50 per month for common-area electricity, and $3250 for insurance. The currently vacant upstairs unit creates a unique opportunity for an owner-occupant and with the 1 car garage in the back it gives the opportunity for you or additional income.

Location

State WA

County Spokane

Rooms

Basement Partial

Interior

Interior Features High Speed Internet, Pantry, Kitchen Island, In-Law Floorplan

Heating Electric, Baseboard, Ductless

Appliance Free-Standing Range, Dishwasher, Refrigerator, Washer, Dryer

Exterior

Parking Features Detached, Off Site, Alley Access

Garage Spaces 1.0

Utilities Available Cable Available

Amenities Available Laundry

View Y/N true

Roof Type Composition

Building

Lot Description Level, City Bus (w/in 6 blks), Fencing

Story 2

Architectural Style Victorian

Structure Type Wood Siding

Schools

Elementary Schools Franklin

Middle Schools Chase

High Schools Lewis & Clark

School District Spokane Dist 81

Others

Acceptable Financing FHA, VA Loan, Conventional, Cash

Listing Terms FHA, VA Loan, Conventional, Cash

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(509) 688-5014

spencer@millsapgroup.com

1119 W 1st Ave, Spokane, Washington 99201, USA

2718 E 5th Ave Spokane, WA 99202