$425,000

1911 W 2nd Avenue, Spokane, WA 99201

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1900
  • Property Lot Size Icon5,741sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 5 months ago

Property Description

This listing courtesy of Max Frame, Kidder Mathews

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.

Listing Status:
Active
Listing Office:
Kidder Mathews : 360-705-2800
Listing Agent:
Max Frame : 360-705-2800
MLS ID:
2373316
  • Flooring: See Remarks
  • A/C: None
  • Heating:
  • Fireplace: Fireplaces: 0
  • General: Wood
  • Parking: Parking spaces: 5
  • Roofing: See Remarks
  • General: 54 - 4-PlexSee Remarks
  • HOA Amenities: 0.0
  • Originating MLS: nwmls
  • School District: Spokane
  • County: Spokane
  • Zoning: 25241.2102
  • Water: Community
  • Sewer: Available
  • Source: nwmls

This listing courtesy of Max Frame, Kidder Mathews

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

S

Shrine Hospital

911 W 5th Ave, Spokane, WA, 99204

Grades PK-12

0.73 miles away

S

Shrine Hospital

911 W 5th Ave, Spokane, WA, 99204

Grades PK-12

0.73 miles away

S

Shrine Hospital

911 W 5th Ave, Spokane, WA, 99204

Grades PK-12

0.73 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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