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$500,000
202619873 MLS
Investor opportunity with immediate upside potential. This fourplex features four spacious 2 bed, 1 bath units, each offering approximately 784 square feet of living space. Currently 50% occupied, the property presents a value-add opportunity through lease-up and rent stabilization, making it an attractive option for investors seeking increased cash flow and long-term appreciation. Existing rents range from $1,045 to $1,097 per month, with potential to bring rents in line with current market rates. Recent maintenance and turnover improvements position the next owner to capitalize on increased occupancy and operational efficiency. Conveniently located near downtown Spokane, major employers, public transportation, shopping, dining, and everyday amenities. Ideal for investors looking to expand their portfolio or complete a 1031 exchange while adding a property with strong income potential and room for growth.

1703 E Cataldo Ave, Spokane

$500,000
202619874 MLS
Investor opportunity with immediate upside potential. This fourplex features four spacious 2 bed, 1 bath units, each offering approximately 784 square feet of living space. Currently 100% occupied, the property presents a value-add opportunity through lease-up and rent stabilization, making it an attractive option for investors seeking increased cash flow and long-term appreciation. Recent maintenance and turnover improvements position the next owner to capitalize on increased occupancy and operational efficiency. Conveniently located near downtown Spokane, major employers, public transportation, shopping, dining, and everyday amenities. Ideal for investors looking to expand their portfolio or complete a 1031 exchange while adding a property with strong income potential and room for growth.

1707 E Cataldo Ave, Spokane

$620,000
202619673 MLS
Two adjacent houses for sale, to be sold together! Extremely rare opportunity in a highly sought-after location where properties seldom become available. Positioned just 1 block from Gonzaga University, this offering presents exceptional potential for student housing investors and developers alike. The property includes two separate homes, each are 1236 sqft and feature 3 bedrooms and 1 bathroom, with the potential to add an additional bathroom to each residence for increased rental appeal and income. Zoned CA-1 with a maximum building height allowance of 75 feet, this property also offers significant redevelopment potential. Rent the existing homes as-is, enhance the current improvements, or maximize the parcel's density with new construction. Whether you're seeking strong rental demand near Gonzaga University or a strategic long-term investment opportunity, this property delivers exceptional versatility and upside. Being sold with address 817 E Sinto Ave.

819 E Sinto Ave, Spokane

$550,000
202619669 MLS
Here it is, a solid investment property in the sought after GU District. This mid century brick rancher sits on a corner lot just a couple blocks from Gonzaga. The perfect solid built family home that has been converted into an over-under duplex. Each unit features 3 generous sized bedrooms and a couple of bathrooms. There may also be enough room to the south of the house for an ADU on this large corner lot. Full of great space and original built-in storage cabinets and beautiful hardwood floors throughout the main floor. New flooring in the main floor kitchen and dining area, and newer LVP flooring throughout the basement. This is a prime location close to all the great restaurants and shops in the GU district and has a solid rental history at market level rents.

1828 N Dakota St, Spokane

$325,000
202619605 MLS
Unlock the potential of this Spokane Valley investment opportunity! Situated on a single parcel, this unique property features two separate homes, creating endless possibilities for investors, multi-generational living, or buyers looking to offset their mortgage through rental income. Each residence offers its own private entrance and dedicated living space, providing comfort, independence, and privacy for occupants. With a little vision and sweat equity, this property presents an incredible chance to build value while generating income. Conveniently located near shopping, dining, parks, and commuter routes, you'll enjoy easy access to everything Spokane Valley has to offer. Whether you're expanding your investment portfolio or searching for a versatile property with built-in income potential, opportunities like this don't come around often. Bring your ideas and discover the possibilities waiting here!

2224 N Park Rd, Spokane

$4,497,700
202619428 MLS
Welcome to Sienna Terrace, a new 18-unit apartment complex currently at 100% occupancy! Located in north Spokane and just a few short blocks from Whitworth University, this thoughtfully designed community offers a collection of 1BR, 2BR, and 3BR units. Each luxury apartment features an open-concept floor plan, contemporary finishes, and large windows that fill the interiors with natural light. There are 6- one bed/one bath units; 9- two bed/two bath units; and 3- three bed/two bath units. This prime location is just 7 miles from downtown Spokane and less than 1/2 mile from the Whitworth University campus, which has a current enrollment of over 2500 students. Tenants will love the numerous shopping and dining options nearby, with Target, Best Buy, Dick's Sports, Olive Garden, Red Robin and the YMCA among the many businesses and restaurants within 1/2 mile.

505 E Hawthorne Rd, Spokane

$514,999
202619401 MLS
Outstanding value in a highly desirable South Hill location, just minutes from hospitals and downtown. This turnkey fourplex has been thoughtfully maintained with tons of updates. Four 1-bedroom, 1-bath units offer approximately 700+ sq ft. Interior improvements have been completed on an ongoing basis from 2007 through 2025, including updated flooring, paint, finishes, and appliances. Major capital improvements include new windows (2007), screen doors (2008), lawn sprinklers and cyclone fencing (2018), rear hallway carpet (2019), and exterior painting and brand new roof (2026). Pride of ownership is evident throughout, with consistent maintenance and a solid rental history. An excellent opportunity for reliable income or owner occupied ownership ease.

1815 W 10th Ave, Spokane

$620,000
202619205 MLS
Two adjacent houses for sale, to be sold together! Extremely rare opportunity in a highly sought-after location where properties seldom become available. Positioned just 1 block from Gonzaga University, this offering presents exceptional potential for student housing investors and developers alike. The property includes two separate homes, each are 1236 sqft and feature 3 bedrooms and 1 bathroom, with the potential to add an additional bathroom to each residence for increased rental appeal and income. Zoned CA-1 with a maximum building height allowance of 75 feet, this property also offers significant redevelopment potential. Rent the existing homes as-is, enhance the current improvements, or maximize the parcel's density with new construction. Whether you're seeking strong rental demand near Gonzaga University or a strategic long-term investment opportunity, this property delivers exceptional versatility and upside. Being sold with address 819 E Sinto Ave.

817 E Sinto Ave, Spokane

$1,250,000
202619013 MLS
Turnkey 4-unit multifamily investment opportunity featuring two duplexes on separate parcels. Each of the four units offers a spacious 3-bedroom, 2-bath floor plan designed for strong tenant appeal and long-term rental demand. Recent capital improvements include new roofs on both residential buildings and all garages, plus new walkways, stairwells, and four private decks, reducing future maintenance costs while enhancing curb appeal and tenant enjoyment. 3 units are currently occupied by long-term tenants, providing immediate cash flow. Current rents are below market, offering investors a clear opportunity to increase income and improve returns over time. A standout feature is the assumable loan with a 5.5% interest rate fixed for 5 years and no assumption fee—a rare financing advantage in today's market. With stable occupancy, major upgrades, rental upside, and attractive financing, this property is an excellent opportunity for investors seeking strong cash flow and long-term growth potential!

1225 E 29th Ave, Spokane

$649,500
202617764 MLS
This unique property offers the perfect blend of comfortable living and income potential—ideal for owner-occupants or savvy investors! Choose the spacious unit that fits your lifestyle and rent out the others to help offset your mortgage or build long-term wealth. The property includes: A 1,500 sq. ft. 3-bedroom, 1-bath main unit featuring central gas heat, air conditioning, a cozy gas fireplace, a large primary bedroom, and in-unit laundry hookups. A well-appointed 1-bedroom unit (~700 sq. ft.) and a studio unit (~475 sq. ft.), each equipped with efficient mini-split heating and cooling systems. A shared laundry room is located in the basement utility area. Also included are two detached garages (on a separate parcel directly behind the property), each with 2 bays—one includes an additional storage area. All units have full bathrooms and enjoy a convenient location near shopping, dining, and both Sacred Heart and Deaconess Hospitals.

828/820 W 11th Ave, Spokane

$320,000
202617669 MLS
Investor-owner occupant opportunity featuring well-maintained side-by-side duplexes with pride of ownership throughout. Freshly painted exteriors, clean units, and manicured landscaping create strong curb appeal and lasting value. Each unit offers a functional layout just under 800 SF with 2 bedrooms, 1 bathroom, in-unit laundry, and A/C units — attractive amenities for tenants and owners alike. Several units have been updated with LVP flooring, refreshed kitchen and bathroom countertops, and additional interior improvements over current ownership. The property includes ample off-street parking plus dedicated storage units that offer additional income potential. Centrally located with convenient access to shopping, dining, and services, this is an excellent opportunity for an investor seeking stable income or an owner-occupant looking to offset living expenses.

1511 W Euclid Ave, Spokane

$629,950
202617409 MLS
This immaculate 1923 bungalow sits directly across from Manito Park, with Rockwood Bakery steps away. The main floor is a successful Airbnb, and the lower level is a fully furnished month to month rental. The property generated over $64,000 in 2025 ($3,440 average monthly for the Airbnb and $1,900 for the lower unit). Updated throughout and offered fully furnished, it’s a standout income property. The main floor features a formal living room with oak hardwoods and a marble faced fireplace, an oversized dining room with built in hutch, and an updated kitchen with white cabinetry, stainless appliances, and a gas range. Two bedrooms and one updated bath complete the level. The lower level is a private suite with its own entrance, full kitchen, full bath, two egress bedrooms, and a comfortable living/dining area—ideal for rental income or multigenerational living

1823 S Grand Blvd, Spokane

$285,000
202617382 MLS
Investor opportunity in the Garland District! Fully leased duplex with gross monthly rent of $2,250/month and an annualized NOI of approximately $19,847. Each 900 sq. ft. unit offers 2 bedrooms, 1 bathroom, in-unit laundry, full kitchen, oversized primary bedroom with double closets, dedicated carport, and private storage. Numerous updates have already been completed, including a reroof in 2016, updated flooring, paint, and appliances in select units. Alley access, off-street parking, and shared green space provide added tenant appeal. Just one block from the Garland District, tenants enjoy convenient access to restaurants, shopping, entertainment, parks, and public transportation, supporting strong long-term rental demand and future upside.

1111 W Providence Ave, Spokane

$725,000
202617285 MLS
Exceptional investor or owner-occupant opportunity featuring a well-maintained fourplex in North Spokane within the desirable Mead School District. With strong rental history and quality updates throughout, this property offers excellent income potential and long-term value. Each unit features just under 1,000 SF with 2 bedrooms, 2 bathrooms, including a primary suite, plus LVP flooring, updated cabinetry, stainless steel appliances, updated vinyl windows, in-unit laundry, and individual A/C units. Residents also enjoy private balconies or porches, off-street parking, and detached garages for added convenience and income potential. Gross Monthly Income: $5,360. NOI: $51,453.83. Cap Rate: 7.1%. Potential to package 803 W Knox Ave and 1511-1517 W Euclid Ave for expanded investment opportunity.

8705 N Colton St, Spokane

$755,000
202617284 MLS
Investor or owner-occupant opportunity featuring a centrally located fourplex with strong rental history and modern finishes throughout. Offering excellent income potential and long-term appeal. Each unit features approximately 1,100 SF with open-concept layouts, 9-foot ceilings, 2 bedrooms, and 1.5 bathrooms. Interior finishes include LVP flooring, updated cabinetry, stainless steel appliances, modern fixtures, in-unit laundry, and updated windows. Off-street parking adds additional convenience for tenants and owners alike. With attractive floor plans, newer construction, and consistent rental performance, this property presents an excellent opportunity for investors or owner-occupants. Gross Monthly Income: $5,650. NOI: $52,654.70. Cap Rate: 7%. Potential to package 1511-1517 W Euclid Ave and 8705 N Colton St for expanded investment opportunity.

803 W Knox Ave, Spokane

$650,000
202617223 MLS
Well-maintained 5-unit investment property (3 two-bedroom units and 2 one-bedroom units) with space for an optional 6th unit, offering strong in-place income and clear upside potential. Current operations show approx. $66,554 in annual gross income and ~$47,740 NOI, with low expenses around $18,800/year. Durable brick exterior and recently replaced roof help minimize future capital expenditures. One unit has been fully updated, while the remaining units offer a mix of hardwood floors and functional layouts with room for additional value-add improvements. Property features both off-street and on-street parking, including a large covered carport, along with a community coin-operated laundry room providing additional income. Low-maintenance lot with a small shared yard space for tenant enjoyment. Currently 100% occupied with strong rental demand, making this a solid opportunity for investors seeking stable cash flow with future growth potential.

805 W Alice Ave, Spokane

$375,000
202617112 MLS
Investor’s dream! Rare opportunity to own two great homes on one lot with endless possibilities, conveniently located just steps from a tennis court, amenities, shopping, dining, and public transportation. The main home, originally built in 1909, was remodeled in 2019 and features 3 bedrooms and 2 bathrooms with a new roof, new siding, vinyl windows, LVP flooring, granite countertops, and stainless steel appliances. The secondary quaint cottage offers 2 bedrooms and 2 bathrooms and is perfect for rental income, in-law quarters, multi-generational living, home business, guest space, and more. Both homes are currently rented, and the tenants would like to stay, making this a fantastic turnkey investment opportunity. Live in one and rent the other or continue renting both for excellent income potential. Call for more information!

1723 E Hoffman Ave, Spokane

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