13-unit multifamily investment opportunity featuring 8 one-bedroom/one-bath units and 5 two-bedroom/one-bath units. The property generates $14,989 in monthly rental income and offers an on-site laundry facility, beautifully landscaped grounds, and a convenient location near restaurants, shopping, I-90, and Downtown Spokane. Investment highlights include a $116,128.50 NOI and a 6.83% cap rate, providing an attractive opportunity for investors seeking established rental income in a convenient Spokane location.
Active
$1,700,000
1405 W 8th Ave, Spokane, WA 99204
18beds
13baths
9,372sqft
MultiFamily
Built in 1962
-- sqft lot
$-- Zestimate®
$181/sqft
$-- HOA
What's special
Beautifully landscaped groundsOn-site laundry facility
- 19 days
- 219
- 12
Zillow last checked:
Listing updated:
Listed by:
Ryan Towner 509-481-0373,
LT Real Estate,
Dallas Lightner 509-315-8720,
LT Real Estate
Source: SMLS as distributed by MLS GRID,MLS#: 202622556
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 18
- Bathrooms: 13
Heating
- Baseboard
Features
- Basement: None
- Has fireplace: No
Interior area
- Total structure area: 9,372
- Total interior livable area: 9,372 sqft
Property
Parking
- Parking features: Carport, Off Site
- Has carport: Yes
Features
- Levels: Three Story
- Stories: 2
Lot
- Size: 0.28 Acres
Details
- Parcel number: 25244.4001
Construction
Type & style
- Home type: MultiFamily
Materials
- Stone, Wood Siding
- Roof: Composition
Condition
- Year built: 1962
Community & HOA
HOA
- Amenities included: None
Location
- Region: Spokane
Financial & listing details
- Price per square foot: $181/sqft
- Date on market: 8/13/2026
- Listing terms: Conventional,Cash,Commercial
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/13/2026 | Listed for sale | $1,700,000$181/sqft |
Source:  SMLS as distributed by MLS GRID #202622556 Report a problem | ||
| 5/22/2026 | Listing removed | $1,700,000$181/sqft |
Source: SMLS as distributed by MLS GRID #202523584 Report a problem | ||
| 3/30/2026 | Pending sale | $1,700,000$181/sqft |
Source: SMLS as distributed by MLS GRID #202523584 Report a problem | ||
| 3/18/2026 | Listed for sale | $1,700,000$181/sqft |
Source: SMLS as distributed by MLS GRID #202523584 Report a problem | ||
| 2/20/2026 | Pending sale | $1,700,000$181/sqft |
Source: SMLS as distributed by MLS GRID #202523584 Report a problem | ||
| 1/15/2026 | Price change | $1,700,000-2.4%$181/sqft |
Source: SMLS as distributed by MLS GRID #202523584 Report a problem | ||
| 10/16/2025 | Pending sale | $1,742,000$186/sqft |
Source: SMLS as distributed by MLS GRID #202523584 Report a problem | ||
| 9/6/2025 | Listed for sale | $1,742,000$186/sqft |
Source: SMLS as distributed by MLS GRID #202523584 Report a problem | ||
| 11/23/2017 | Listing removed | $675 |
Source: Goodale & Barbieri Company Report a problem | ||
| 10/24/2017 | Price change | $675+22.7% |
Source: Goodale & Barbieri Company Report a problem | ||
| 10/18/2017 | Listed for rent | $550-2.7% |
Source: Goodale & Barbieri Company Report a problem | ||
| 7/19/2017 | Listing removed | $565 |
Source: Goodale & Barbieri Company Report a problem | ||
| 7/12/2017 | Listed for rent | $565-11% |
Source: Goodale & Barbieri Company Report a problem | ||
| 5/15/2017 | Listing removed | $635 |
Source: Goodale & Barbieri Company Report a problem | ||
| 5/9/2017 | Listed for rent | $635+21% |
Source: Goodale & Barbieri Company Report a problem | ||
| 3/28/2017 | Listing removed | $525 |
Source: Goodale & Barbieri Company Report a problem | ||
| 3/16/2017 | Listed for rent | $525-19.2% |
Source: Goodale & Barbieri Company Report a problem | ||
| 10/20/2016 | Listing removed | $650+18.2% |
Source: Goodale & Barbieri Company Report a problem | ||
| 6/1/2015 | Listing removed | $550 |
Source: Postlets Report a problem | ||
| 5/12/2015 | Price change | $550+15.8% |
Source: Postlets Report a problem | ||
| 4/17/2015 | Listed for rent | $475-13.6% |
Source: Postlets Report a problem | ||
| 1/21/2015 | Listing removed | $550 |
Source: Postlets Report a problem | ||
| 1/9/2015 | Listed for rent | $550 |
Source: Postlets Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Cliff-Cannon
Nearby schools
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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