Multi Family homes for sale & real estate in 99203, WA

Multi Family Home for sale in 99203, WA:

This Latah Valley portfolio in Spokane represents a high-yield opportunity approx. 10% CAP rate. Properties with this layout blending single-family residential with mobile home footprints on a single acre provides a strategic value for future high-density re-development. 4 singlewide, 1 doublewide and 1 stick built. New membrane roofs on and newer covered decks, sprinkler system, storage units for singlewides.

Multi Family Home for sale in 99203, WA:

Two buildings on one lot present a rare and valuable investment opportunity with strong rental income and excellent tenant appeal. The first building is a triplex, offering 2 bedrooms each. . The second building includes a total of 6 units, made up of one studio, three 1-bedroom units, and two 2-bedroom units. Together, the properties generate a solid monthly rental income of $10,261. Both buildings offer convenience and comfort, featuring on-site laundry facilities and covered carport parking for tenants. With a great unit mix and consistent income, this property is ideal for investors seeking a reliable, cash-flowing asset in a desirable rental market. Whether you're expanding your portf

Multi Family Home for sale in 99203, WA:

Lincoln Heights Manor presents a compelling value-add opportunity in one of Spokane’s most desirable neighborhoods. This well-maintained 36-unit community offers a mix of primarily spacious 2-bedroom apartments and 3-bedroom townhomes featuring private balconies or patios. Residents enjoy a convenient location within walking distance of shopping, schools, parks, employment, and a variety of everyday amenities. In addition to its strong location and attractive unit mix, the property offers further upside through the potential conversion of the existing clubhouse into an additional residential unit.

Multi Family Home for sale in 99203, WA:

This move-in-ready Cliff Cannon condo is currently vacant and presents an exceptional investment opportunity. It has a proven track record as a successful rental at $1,540 per month. The condo is in a quiet, well maintained building in one of the nicest Spokane South Hill neighborhoods with beautiful updates, peaceful views of Five Mile Prairie and distant mountains. On a bus route just one block south of Huckleberry’s, this condo is near hospitals, downtown Spokane, River Point Campus, and has easy access to I-90 and the Spokane Airport.

Multi Family Home for sale in 99203, WA:

Cash-Flowing Triplex with Value-Add Potential! Fully occupied and producing $3,275 per month in gross rental income ($39,300 annually), this investment property offers immediate returns and long-term upside. The unit mix includes one 2-bedroom unit and two 1-bedroom units with established rents of $1,400, $1,000, and $875 per month. Great South hill location! Investors will appreciate the opportunity to further increase returns through future rent adjustments, property enhancements, improved operational efficiencies, and potential basement unit expansion. With tenants already in place and income from day one, this property checks the boxes for investors seeking both stability and growth. N

Multi Family Home for sale in 99203, WA:

Wow — this place is a gem. This immaculate 8-unit property has a gorgeous brick exterior, hardwood floors and original woodwork, and individually controlled hot-water radiators that keep every updated unit comfortable. The full basement is impressively clean and includes leased laundry machines, the boiler and tanks, plus generous storage for both residents and the owner. The property is beautiful, well cared for, and consistently enjoys stable occupancy. 1015 and 1017 S Cherry are garages converted to units in the '50s and 1720 W 11th is a one bedroom detached unit. All are on the same lot and those three units have their own heat, lights and hot water. Average rents shown for 5 1brs