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
Partial basement with crawl space
Laundry available (basement)
Bedrooms
Twenty 1-bedroom units
Bathrooms
Each unit has 1 bathroom
Laundry & utility
On-site laundry
Storage available
Heating & cooling
Electric heating
Baseboard heating
Hot water heating
Exterior features
Automatic sprinkler system
Treed, level lot
Paved road and city street frontage
Outdoor storage
Home design
Residential income property
Two-story building
Parking
Carport parking
Off-site parking available
Alley access
Construction
Brick construction
Composition roof
Financial info
Property used for rental income
Other
Has additional parcels
Electricity and solar
View estimated energy costs and solar savings for this home
American Real Estate Associates welcomes you to Colton Apartments, where comfort and convenience come together in these well-designed one-bedroom units. Situated in a prime location, this property offers easy access to shopping, dining, and essential services. Just a few blocks away from major retail centers, residents can enjoy the convenience of having everything they need within reach. Public transportation is easily accessible, with bus stops nearby, making commuting effortless. Additionally, the property is in close proximity to medical facilities, ensuring quick access to healthcare when needed. With a well-maintained community and a welcoming atmosphere, this is the perfect place for those seeking a comfortable and hassle-free lifestyle in a highly desirable area.
Public Records
Jan 5, 2018
Sold
$885,000
$69/sq ft
Public Records
Jan 13, 2016
Sold
$356,250
$28/sq ft
Public Records
Dec 15, 2006
Sold
$760,000
$59/sq ft
Year
Property tax
Land + Additions
Assessment*
2026
$8,470 (+9.3%)
$52,500 + $729,300
$781,800
2025
$7,746 (−4.3%)
$52,500 + $729,300
$781,800
2024
$8,098 (+10.4%)
$52,500 + $784,600
$837,100
2023
$7,336 (+17.2%)
$52,500 + $698,700
$751,200
2022
$6,262 (−5.9%)
$37,500 + $498,500
$536,000
2021
$6,653 (+10.5%)
$37,500 + $522,700
$560,200
2020
$6,018 (+17.7%)
$37,500 + $450,700
$488,200
2019
$5,112 (+11.0%)
$37,500 + $390,500
$428,000
2018
$4,605 (+0.9%)
$22,500 + $312,000
$334,500
2017
$4,565 (+0.6%)
$22,500 + $312,000
$334,500
2016
$4,539 (−1.3%)
$22,500 + $302,900
$325,400
2015
$4,599
$22,500 + $300,100
$322,600
Public record
Public record
Permits
Beds
—
Baths
—
Stories
2
Lot width
—
Lot depth
—
Lot size
7,500 Sq. Ft.
Year renovated
1965
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,560
Year built
1965
Style
Multi-Family (5+ Unit)
County
Spokane County
APN
36322.0622
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 2, 2026.
May 4, 2026 • Final
Residential building
Roofing
May 4, 2026 • Final
Electrical
Electrical
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)
34
24
39
25
52
33
61
35
71
44
78
51
88
58
85
58
80
52
59
36
43
33
39
30
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
93/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 16% for direct sun exposure in Spokane. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.5 hrs
5.1 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 6119-6123 N Colton St
There isn’t enough information to generate an accurate estimate at this time. Learn More