Gonzaga University Homes under $500,000

Gonzaga University Homes under $500,000

Welcome to the vibrant neighborhood surrounding Gonzaga University in Spokane, Washington! Known for its rich academic heritage and strong community spirit, this area offers a unique blend of collegiate energy and residential charm, making it an ideal place for families, students, and professionals alike.

Nestled along the banks of the Spokane River, Gonzaga University serves as a cultural hub, hosting a variety of events, lectures, and art exhibitions that enrich the local community. The surrounding neighborhood boasts tree-lined streets, quaint cafes, and local boutiques, creating a welcoming atmosphere where residents can enjoy leisurely strolls and vibrant social interactions. With its close proximity to downtown Spokane, residents can easily access a myriad of dining, shopping, and entertainment options.

For those seeking affordable housing, the Gonzaga University neighborhood offers a range of homes under $500,000, making it an attractive option for first-time buyers, investors, and families looking to settle down in a lively community. From charming bungalows to modern townhomes, the real estate options here cater to diverse tastes and lifestyles. Many homes feature beautiful architectural details and spacious yards, perfect for enjoying the picturesque Spokane seasons.

With its strong sense of community, excellent educational opportunities, and affordable housing options, the Gonzaga University neighborhood is more than just a place to live—it's a place to thrive. Come discover your new home in this dynamic and welcoming Spokane community!

Newest Gonzaga University Homes under $500,000

2514 N Hamilton St, Spokane
$295,000
3 Beds ⋅ 2 Baths ⋅ 202625185 MLS
Charming 2-story Victorian full of character and natural light! Enjoy the covered front porch, second-floor balcony, cozy dining room window seat, high ceilings, spacious living room, and updated kitchen with Shaker-style cabinetry and newer appliances, including a 2026 stove. Upstairs features comfortable bedrooms and an additional bath. The large back deck is ready for your vision, while the fenced, shaded backyard offers a great summer retreat. A 25x30 shop with 220V provides ample space for parking, storage, hobbies, or projects. Recent updates include a 2021 roof, 2023 water heater, radon mitigation system, fitted blinds, and newer window A/C units. Just 1 mile from Gonzaga University and close to shopping, dining, parks, schools, and more!

2514 N Hamilton St, Spokane
217 E Indiana Ave, Spokane
$499,999
7 Beds ⋅ 3 Baths ⋅ 202625116 MLS
Classic charm meets modern updates in this spacious, turnkey 7-bedroom, 3-bathroom Gonzaga District home. Originally built in 1906 and completely remodeled in 2014, this home has seen additional updates in 2026 including fresh paint, new carpet, trim, countertops, and backsplash. With ample space for a large household or investment opportunity, the property also features a detached one-car garage and off-street parking for up to seven vehicles. Conveniently located within walking distance from Gonzaga University, shops, parks, and other nearby amenities. A unique home offering character, space, and plenty of possibilities in a convenient location.

217 E Indiana Ave, Spokane
417/419 E Montgomery Ave, Spokane
$324,400
3 Beds ⋅ 2 Baths ⋅ 202624384 MLS
Tastefully renovated duplex in the heart of Spokane, conveniently located near Gonzaga University, bus routes, shopping, dining, and everyday amenities. The property features a 2-bedroom, 1-bath unit and a separate 1-bedroom, 1-bath unit, both thoughtfully updated with modern finishes, refreshed kitchens and bathrooms, LVP flooring, new carpet, and new appliances. Recent improvements also include a new roof along with fresh interior and exterior paint. Both units are move-in ready and prepared for immediate occupancy or rental. Live in one unit and rent the other to help offset your monthly housing costs, or add a turnkey duplex to your investment portfolio. A rental pro forma is available for review. An excellent opportunity for owner-occupants, first-time investors, or seasoned investors looking for a well-located, updated property. VA and FHA financing options may be available. Ask about potential 2/1 temporary rate buydown options for added financing flexibility.

417/419 E Montgomery Ave, Spokane
1221 E Carlisle Ave, Spokane
$345,000
4 Beds ⋅ 1 Baths ⋅ 202624047 MLS
Located in the heart of the Gonzaga District, this move-in ready classic home has been updated from top to bottom! Flooded with natural light, the main floor offers everything you need, featuring a formal living room and dining room, plus a spacious kitchen. Enjoy the convenience of main-floor laundry, two spacious bedrooms, and a full bath, all thoughtfully laid out for easy living. New carpet and LVP flooring add a fresh, cozy feel. Upstairs, you’ll find two additional bedrooms plus a versatile den space. Major improvements include all-new windows, a high-efficiency gas furnace, central A/C, and updated plumbing. Outside, enjoy a fully fenced yard, detached garage, and alley access with plenty of off-street parking. Big updates, beautiful character, and a location that’s hard to beat.

1221 E Carlisle Ave, Spokane
2427 N Standard St, Spokane
$367,000
5 Beds ⋅ 2 Baths ⋅ 202623725 MLS
This beautifully remodeled Victorian style 5-bedroom, 2-bath home with a partial wrap around porch offers the perfect blend of modern updates and everyday comfort. Nearly everything is new, including the roof, kitchen, bathrooms, appliances, interior paint, and flooring throughout, making this home truly move-in ready. The spacious floor plan features five bedrooms and two full bathrooms, providing plenty of room for a growing family, guests, or a home office. The updated kitchen offers new appliances and a fresh, modern design, while the renovated bathrooms add style and functionality. Whether you're searching for your next home or a turnkey investment property, this home is an excellent opportunity. Conveniently located near schools, shopping, parks, and dining. You'll enjoy easy access to everyday amenities. Don't miss your chance to own this beautifully updated home—schedule your showing today!

2427 N Standard St, Spokane
2012 N Ruby St, Spokane
$279,950
202623666 MLS
Nicely updated property on North Ruby, and offered fully furnished! This 4+BR, 1.5BA home is a perfect single family rental, furnished room rentals, college student housing, a group or sober living home, or even for home/office or general commercial! Zoned GC-70, which allows for retail, office, residential, and other uses. Located close to Gonzaga, Great Northern University, and sits just north of downtown Spokane on a bus route. The main floor has a large secured foyer, an office, a bedroom, a large L shaped living/dining space, and an updated kitchen with white shaker cabinets, quartz countertops, and stainless steel apps. Upstairs are 3 huge bedrooms with walk in closets and a remodeled full bath. The lower level has a huge family room with egress window (could be a 5th bedroom), a newer half bath, an exercise/study area, and the laundry/mechanical room. Gas heat and updated electrical panel, too. Small fenced yard with deck. Lots of investment possibilities, and the price is fantastic! Dup Listing

2012 N Ruby St, Spokane
2012 N Ruby St, Spokane
$279,950
4 Beds ⋅ 2 Baths ⋅ 202623664 MLS
Updated home on North Ruby, and offered fully furnished if desired! This 4+BR, 1.5BA home has lots of updates, including a newer white shaker kitchen with quartz countertops and stainless steel appliances, updated bathrooms, newer paint and flooring, and more! The main floor has 1BR, an office, foyer, large living/dining space, and the kitchen. Upstairs are 3 large bedrooms with walk-in closets and a full remodeled bath. The basement has a huge rec room with egress window, an exercise or storage area, and a half bath. Add a shower to create a private suite! It also has a mechanical room with a gas furnace, newer electrical panel, and laundry. The home sits on Ruby Street and has GC-70 zoning. It can be used for retail, office, a single family home or rental, furnished room rentals, etc. Small fenced yard with deck, too. Walking distance to Gonzaga and Great Northern University, close to downtown, and obviously on a bus route! Very unique property with lots of possible uses!

2012 N Ruby St, Spokane
408 E Baldwin Ave, Spokane
$325,000
4 Beds ⋅ 2 Baths ⋅ 202622977 MLS
Updated home near shopping, bus routes, Gonzaga, and Great Northern University — a proven rental with a long history of leasing to Gonzaga students, making it a fantastic investment opportunity. This Craftsman-style home is filled with timeless character, thoughtful updates, and abundant natural light, creating a warm, inviting atmosphere throughout. With 4 bedrooms (2 non-egress), 2 remodeled bathrooms, and over 2,024 square feet, this charming home blends classic architectural details with modern comfort. Beautiful hardwood floors flow into a generously sized kitchen with ample counter space, opening easily to the living areas — perfect for everyday life and entertaining. The spacious primary bedroom offers a peaceful retreat with plenty of natural light and generous closet space, while additional bedrooms provide flexibility for guests, a home office, or hobbies. Outside, a fully fenced backyard creates a private setting to relax or entertain, and the one-car garage adds extra parking or storage.

408 E Baldwin Ave, Spokane
2012 N Cincinnati St, Spokane
$435,000
202622731 MLS
Three-unit income property just north of Gonzaga University with immediate rental income, and a VA assumable loan at just 4.99%. VA-eligible buyers may be able to assume the existing financing with as little as 0% down. Live in one unit while the other two help pay the mortgage, or rent all three with potential cash flow of $1,000+/month. Current rental amount totals $4100/month. A newer roof and metal siding with newer appliances making maintenance simple. The property includes a 3-bedroom, 2-bath unit, a 2-bedroom, 1-bath unit, and a 1-bedroom, 1-bath unit. Two units have been remodeled, including the main-floor unit with new windows, LVP flooring, fresh paint, and an updated kitchen and bathroom. The third unit with long-term stable tenant offers future potential to add value. Separate electric meters, and dedicated parking spots in a fenced lot. Close to downtown Spokane, shopping, dining, the Spokane River, and Centennial Trail.

2012 N Cincinnati St, Spokane
1012 E Indiana Ave, Spokane
$374,000
2 Beds ⋅ 2 Baths ⋅ 202622549 MLS
Up/Down duplex near Gonzaga University in good condition with long time stable tenants. Main floor unit has use of garage from alley access. Both units share fenced back yard. Upper unit has rear and front entry stairs. Rents total approx. $2,000 per month.

1012 E Indiana Ave, Spokane
1012 E Indiana Ave, Spokane
$374,000
202622535 MLS
Up/Down duplex near Gonzaga University in good condition with long time stable tenants. Main floor unit has use of garage from alley access. Both units share fenced back yard. Upper unit has rear and front entry stairs. Rents total approx. $2,000 per month.

1012 E Indiana Ave, Spokane
2523 N Nevada St, Spokane
$269,000
3 Beds ⋅ 2 Baths ⋅ 202621199 MLS
Price reduction! Welcome home to this charming Northeast Spokane gem! This move-in ready 3-bedroom, 1.5-bath home features thoughtful updates throughout, including fresh interior paint, new vinyl windows, new carpet, and new luxury vinyl plank flooring on the main level. The spacious living room is filled with natural light. A formal dining room flows into the updated kitchen with stainless steel appliances, ample cabinet storage, and generous counter space. The main floor also includes a bedroom and a half bath. Upstairs offers two additional bedrooms and a gorgeous full bath with waterfall spout soaker tub, and laundry connections. Enjoy the large, fully fenced backyard with a covered patio, alley access, and covered carport. Conveniently located near downtown Spokane, shopping, dining, bus routes, North Spokane amenities, and easy access to the North Spokane Corridor.

2523 N Nevada St, Spokane
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