Tarja Nevala
BEDS3
BATHS2
SQUARE FEET4,560
MLS#202619013
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLSpokane Dist 81
Property Description
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 todays 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!
Property Features
Property Type: Multi Unit - Multiple
Basement: Full, Finished, Daylight, Rec/Family Area, Walk-Out Access, Slab
Basement: Yes
Fenced: Yes
Garage: 6
Lot Size: 142 X 100
Roof Type: Composition
Stories: 2.0
Taxes: $9,944
Year Built: 1977
Feature Descriptions
Association Amenities: Play Area
Days on Site: 2
Exterior: Brick Veneer, Siding, Wood Siding
Fireplace: Masonry, Woodburning Fireplce
Heating/Cooling: Electric, Ductless, Zoned
Lot: Fenced Yard, Treed, City Bus (w/in 6 blks)
Lot Dimensions: 142 X 100
Parcel#: 35294.2716
Parking: Detached, Off Site, Shared Driveway, Assigned
Special View Info: Territorial
SQ. FT. Total: 4560
Utilities: Cable Available
Local Schools
High School: Lewis & Clark
Middle School: Sacajawea
Elementary School: Hutton
School District: Spokane Dist 81
Listed By / Shown By
Listed By
Agency Name: Windermere Valley
Shown By
Agent Name: Tarja Nevala
Agent Phone: (509) 220-4245
Agency Title: Coldwell Banker Tomlinson
Estimate Your Payment
Estimated Payment
$ 3,975.21 per month $2,781.96 Principal & Interest $828.67 Property Tax $364.58 Homeowner's InsuranceChange Payment Information
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1225 E 29th Ave | MLS# 202619013
This multi-family property located at 1225 E 29th Ave, Spokane, WA 99203 is currently listed for sale with an asking price of $1,250,000. E 29th Ave is located within the Spokane Dist 81 school district. Search Spokane real estate on tnevala.cbspokane.com today.