Stunning Craftsman triplex close to Cannon Park and Rocket Bakery is absolutely turn-key for the investor or owner-occupied investor. Each unit has an appealing floor plan and comes fully furnished. Add that to its proximity to two major hospitals, downtown Spokane, and easy access to the freeway, this property is a tenant favorite and has low vacancy rates. Not a flip, this beautiful triplex combines the charm of turn-of-the-century craftsmanship with quality modern updates including almost $300,000 in renovations. Updated electrical & plumbing, custom kitchens, hand textured walls, new bathrooms, new flooring, HE gas furnace & AC, doors & trim, hardware, lighting. Far too many improvements to mention here. Units 1 and 2 are spacious 2 bedroom apartments & Unit 3 is a lovely 1 bedroom. Individual storage units & common laundry are in the basement. All units have separate electrical meters. Paver patio. 2 car garage. Bike shed. Nearly 7% cap rate with no deferred maintenance!
Closed
$830,000
1111 W 12th Ave, Spokane, WA 99204
5beds
3baths
4,740sqft
Multi Family
Built in 1911
-- sqft lot
$790,900 Zestimate®
$175/sqft
$1,679 Estimated rent
Home value
$790,900
$736,000 - $854,000
$1,679/mo
Zestimate® history
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List your homeWhat's special
Hand textured wallsUpdated electricalHe gas furnaceIndividual storage unitsCustom kitchensCommon laundryNew bathrooms
Zillow last checked:
Listing updated:
Listed by:
Dyer Davis 509-389-5488,
Windermere North
Source: SMLS as distributed by MLS GRID,MLS#: 202412370
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
Primary bedroom
- Description: 1st Flr,2nd Flr,3rd Flr
Dining room
- Description: Formal
Family room
- Description: 1st Flr,2nd Flr
Heating
- Natural Gas, Electric, Forced Air, Baseboard, Ductless, Humidity Control
Cooling
- Central Air, Window Unit(s)
Appliances
- Included: Free-Standing Range, Dishwasher, Refrigerator, Microwave, Washer, Dryer
- Laundry: In Basement
Features
- Hard Surface Counters
- Flooring: Wood
- Windows: Windows Vinyl, Bay Window(s), Wood Frames
- Basement: Full,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 4,740
- Total interior livable area: 4,740 sqft
Property
Parking
- Total spaces: 1980
- Parking features: Detached, Open, Garage Door Opener, Alley Access
- Garage spaces: 1
Features
- Levels: Three Story
- Stories: 3
Lot
- Size: 6,098 sqft
- Features: Sprinkler - Automatic
Details
- Additional structures: Shed(s)
- Parcel number: 35193.2203
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Craftsman
- Property subtype: Multi Family
Materials
- Wood Siding
- Roof: Composition
Condition
- Year built: 1911
Community & neighborhood
Location
- Region: Spokane
Other
Other facts
- Listing terms: Conventional,Cash
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 4/25/2024 | Sold | $830,000+0.6%$175/sqft |
Source:  SMLS as distributed by MLS GRID #202412370 Report a problem | ||
| 3/26/2024 | Pending sale | $824,900$174/sqft |
Source: SMLS as distributed by MLS GRID #202412370 Report a problem | ||
| 3/1/2024 | Listed for sale | $824,900+230%$174/sqft |
Source: SMLS as distributed by MLS GRID #202412370 Report a problem | ||
| 4/20/2017 | Sold | $250,000+6.4%$53/sqft |
Source: SMLS as distributed by MLS GRID #201711540 Report a problem | ||
| 2/11/2017 | Listed for sale | $234,900+9.3%$50/sqft |
Source: Homeland Realty Group, LLC #201711540 Report a problem | ||
| 1/25/2010 | Sold | $215,000+13.8%$45/sqft |
Source: SMLS as distributed by MLS GRID #29020928 Report a problem | ||
| 12/21/2005 | Sold | $189,000$40/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $7,429 +50.2% | $749,700 +46.8% |
| 2023 | $4,946 -2% | $510,800 -1.1% |
| 2022 | $5,049 +67.2% | $516,600 +109.8% |
| 2021 | $3,020 +2.6% | $246,200 +3.3% |
| 2020 | $2,943 +6% | $238,280 +2.6% |
| 2019 | $2,776 | $232,180 +2.2% |
| 2018 | $2,776 -12.1% | $227,080 +2.2% |
| 2017 | $3,159 +4.1% | $222,180 +7.1% |
| 2016 | $3,035 +2.5% | $207,480 |
| 2015 | $2,961 | $207,480 +7.6% |
| 2014 | $2,961 | $192,880 |
| 2013 | $2,961 -0.3% | -- |
| 2011 | $2,971 +6.2% | -- |
| 2010 | $2,797 | -- |
| 2009 | $2,797 +32.4% | -- |
| 2008 | $2,114 | -- |
| 2007 | $2,114 -47.2% | $189,980 |
| 2005 | $4,004 +106.9% | -- |
| 2004 | $1,935 +3.5% | -- |
| 2003 | $1,870 -15.8% | -- |
| 2002 | $2,222 +40.6% | -- |
| 2001 | $1,580 -4.9% | $107,100 |
| 1999 | $1,661 | $107,100 |
Find assessor info on the county website
Neighborhood: Cliff-Cannon
Nearby schools
GreatSchools rating
- 7/10Roosevelt Elementary SchoolGrades: PK-6Distance: 0.7 mi
- 9/10Sacajawea Middle SchoolGrades: 6-8Distance: 1.7 mi
- 8/10Lewis & Clark High SchoolGrades: 9-12Distance: 0.7 mi
Schools provided by the listing agent
- District: Spokane Dist 81
Source: SMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Washington
- Spokane County
- Spokane
- 99204
- Cliff-Cannon
- 1111 W 12th Ave
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