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Listed price in listed location currency (USD).
$659,950

000

MLS® 202617223

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 5820 sqft
Garage 
Taxes $4,819
Days Active 24
Lot Size 
Approx. Age 1961
Avg. Price Per Sqft $113
MLS® Number 202617223

Property Address: 805 W Alice Ave, Spokane, WA, 99205-2802

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number202617223
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1961
BasementFull, Partially Finished, See Remarks
DrivewayCarport, Off Site
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 12, 2026List Date
$659,950List Price
  • Commute

Commute

Starting Address
Destination Address
805 W Alice Ave, Spokane, WA

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