2718 E 5th Ave, Spokane, WA 99202

$425,000
3,000
SqFt

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

List Price
$425,000
MLS#
202625404
Status
ACTIVE
City
Spokane
Acres
0.16
Living Area
3,000

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.

Additional Information

Year Built
1907
School District
Spokane Dist 81
Elementary School
Franklin
Middle School
Chase
High School
Lewis & Clark
Garage Spaces
1
Frontage
City Street, Paved Road
Area/Grid
SE Urban S I-90
MLS Area/Grid#
A210/030
Acres MOL
0.16
Lot Size
6,970
Basement
Partial
Master Bedroom
Full Bath
Features
Breakers
Heating/Cooling
Electric, Baseboard, Ductless
Lot Information
Level, City Bus (w/in 6 blks), Fencing
Style
Victorian

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of SARMLS / REAL Broker LLC

Listings last updated . All information provided is deemed reliable but is not guaranteed and should be independently verified.