7.6% CAP RATE POTENTIAL. High-performance investment opportunity in Spokane’s desirable Cliff-Cannon neighborhood! This 3-bedroom, 1-bath cottage is perfectly positioned for the medical professional tenant pool, just minutes from the hospital district and Downtown core. Pro-forma market rent is estimated at $2,100/mo, delivering a projected 7.6% cap rate at the $235,000 price point. Delivered fully vacant, this property allows a new owner to establish a fresh market-rate baseline under 2026 rent stabilization guidelines. Featuring a newer roof, fresh exterior paint, and a compact, low-maintenance footprint, this asset is designed for consistent occupancy and high yield. Ideally situated in a resilient rental sub-market with historically low vacancy. Buyer to verify all financial projections, square footage, and local rental regulations.
Listing courtesy of SARMLS / Epique Realty
Selling Office: .Listings last updated . All information provided is deemed reliable but is not guaranteed and should be independently verified.
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