20-unit multifamily investment opportunity in convenient North Spokane location. The property features 20 one-bedroom, one-bath units with LVP flooring, off-street parking, and an on-site laundry facility. Effective Gross Income of $18,310.20 per month. Built in 1965, the 12,800 SF property offers an attractive investment profile with a $134,042 NOI and 6.7% cap rate.
Nevada Heights, located between North Nevada Street and North Division Street, is a residential and commercial Spokane neighborhood with mid-century blocks and a steady, everyday pace. The neighborhood’s character concentrates around the North Nevada Street and East Wellesley Avenue crossroads, where corner markets, takeout counters, and service storefronts set a practical, lived-in tone. Nearby pillars include the Garland Theater, The Milk Bottle, and Ferguson’s Café, each adding a distinct Spokane imprint. Housing reads as tidy postwar ramblers and small brick homes with mature street trees. Side streets feel quieter, while the arterials carry the neighborhood’s errands-and-commute rhythm. Parks and school grounds provide open space that shapes daily routines.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
No basement; crawl space
20 total dwelling units (multifamily)
Bedrooms
Multiple 1-bedroom units (each unit listed as 1 bedroom)
Bathrooms
Multiple 1-bathroom units (each unit listed as 1 bathroom)
Heating & cooling
Electric heating
Baseboard heating
Hot water heating
Exterior features
Level lot
Paved, publicly maintained road frontage
Home design
Multifamily building
Construction
Brick and frame construction
Composition roof
Concrete perimeter foundation
Building area approximately 12,800 total square feet
Lot about 0.2 acre
Utilities
Public water
Public sewer
Electricity and solar
View estimated energy costs and solar savings for this home
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 94° expected this year, 15 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
10/10 Air Factor
19 unhealthy days expected this year, 21 days in 30 years
Provided by First Street
Historical weather
Spokane, WA • 99208
Average low and high temperatures (°F)
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61
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88
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85
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80
52
59
36
43
33
39
30
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
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Sun exposure
85/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Spokane. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
11 hrs
5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 6119 N Colton St
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