Fully occupied 4-unit investment property just minutes from downtown Spokane and the Arena. Unit mix includes one studio, two 1-bedroom/1-bath units and one 2-bedroom/1-bath unit, currently generating approximately $3,350/month ($40,200/year) in gross rent. All tenants are month-to-month and pay their own electric and heat, creating immediate flexibility for the next owner. Current rents offer potential upside as units turn or rents are adjusted, subject to applicable landlord-tenant laws. Property also includes a large 3-car garage with workshop space, alley access and additional income potential. Fresh exterior paint, 2,730 sq ft, four existing income streams and room to improve performance. A solid opportunity for an investor looking for existing cash flow with value-add potential.
Active
Price cut: $50K (7/30)
$450,000
1423 N Post St, Spokane, WA 99201
4beds
3baths
2,730sqft
MultiFamily
Built in 1906
-- sqft lot
$444,000 Zestimate®
$165/sqft
$-- HOA
What's special
Alley accessFresh exterior paint
- 93 days
- 48
- 0
Zillow last checked:
Listing updated:
Listed by:
Billy Deese 509-590-5603,
Deese Real Estate
Source: SMLS as distributed by MLS GRID,MLS#: 202621003
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
Heating
- Electric, Ductless
Appliances
- Included: Free-Standing Range, Refrigerator, Washer, Dryer
Features
- Basement: Full,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 2,730
- Total interior livable area: 2,730 sqft
Property
Parking
- Total spaces: 3
- Parking features: Attached, Workshop in Garage, Off Site, Alley Access, Oversized
- Garage spaces: 3
Features
- Levels: One and One Half
- Fencing: Fenced
- Has view: Yes
- View description: Territorial
Lot
- Size: 6,970 Square Feet
- Features: Level
Details
- Additional structures: Workshop
- Parcel number: 35182.0702
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Craftsman
Materials
- Vinyl Siding, Shake Siding
- Roof: Composition
Condition
- Year built: 1906
Community & HOA
HOA
- Amenities included: None
Location
- Region: Spokane
Financial & listing details
- Price per square foot: $165/sqft
- Tax assessed value: $300,000
- Annual tax amount: $3,072
- Date on market: 7/16/2026
- Listing terms: Conventional,Cash
- Road surface type: Paved
Estimated market value
$444,000
$422,000 - $466,000
$1,799/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/30/2026 | Price change | $450,000-10%$165/sqft |
Source:  SMLS as distributed by MLS GRID #202621003 Report a problem | ||
| 7/16/2026 | Listed for sale | $500,000+240.1%$183/sqft |
Source: SMLS as distributed by MLS GRID #202621003 Report a problem | ||
| 9/27/2017 | Sold | $147,000-10.9%$54/sqft |
Source: SMLS as distributed by MLS GRID #201722070 Report a problem | ||
| 8/1/2017 | Listed for sale | $164,900+84.2%$60/sqft |
Source: John L Scott, Spokane, Inc. #201722070 Report a problem | ||
| 7/6/2005 | Sold | $89,500+11.9%$33/sqft |
Source: Public Record Report a problem | ||
| 2/28/2005 | Sold | $80,008$29/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,072 +12.5% | $300,000 +9.1% |
| 2024 | $2,731 +2.7% | $274,900 +0.3% |
| 2023 | $2,661 -3.5% | $274,200 -2.6% |
| 2022 | $2,757 +18.6% | $281,500 +30.3% |
| 2021 | $2,323 +29.8% | $216,000 +49.5% |
| 2020 | $1,790 +9% | $144,500 +5.4% |
| 2019 | $1,642 | $137,100 +24.1% |
| 2018 | $1,642 +6.6% | $110,450 +7.5% |
| 2017 | $1,540 +9.4% | $102,750 -0.6% |
| 2016 | $1,407 -12.5% | $103,350 -8.1% |
| 2015 | $1,608 | $112,450 +3.5% |
| 2014 | $1,608 | $108,650 |
| 2013 | $1,608 +7.2% | -- |
| 2011 | $1,500 +16.8% | -- |
| 2010 | $1,284 | -- |
| 2009 | $1,284 +39.2% | -- |
| 2008 | $923 | -- |
| 2007 | $923 -85.9% | $82,700 |
| 2005 | $6,522 +417.8% | -- |
| 2004 | $1,260 +3.5% | -- |
| 2003 | $1,218 | -- |
| 2002 | $1,218 +13.5% | -- |
| 2001 | $1,073 +8.1% | $72,700 +13.6% |
| 1999 | $992 | $64,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Emerson-Garfield
Nearby schools
Schools provided by the listing agent
- Elementary: Garfield
- Middle: Glover
- High: North Central
- 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.
- $369,3001 bd1 ba-- sqft1423 N Post St APT 4, Spokane, WA 99201Off Market
- $315,6003 bd2 ba1.8k sqft805 W Maxwell Ave, Spokane, WA 99201Off Market
- $--3 bd2 ba1.8k sqft805 W Maxwell Ave #3B-2BA-1800SQFT, Spokane, WA 99201Off Market
- $336,3003 bd2 ba1.8k sqft805 W Maxwell Ave #807, Spokane, WA 99201Off Market
Similar homes
- $465,0005 bd4 ba2.6k sqft2022 W College Ave, Spokane, WA 99201For Sale
MLS ID #202621040, Billy Deese, Deese Real Estate. SMLS as distributed by MLS GRID - $479,9004 bd4 ba2.8k sqft2214 W Northwest Blvd, Spokane, WA 99205For Sale
MLS ID #202619942, Lenae Thornton, Keller Williams Spokane - Main. SMLS as distributed by MLS GRID - $325,0004 bd2 ba2.6k sqft1017 W Augusta Ave, Spokane, WA 99205For Sale
MLS ID #202620016, Billy Deese, Deese Real Estate. SMLS as distributed by MLS GRID - $329,0003 bd2 ba2.3k sqft1207 W Shannon Ave, Spokane, WA 99205For Sale
MLS ID #202625272, Amy Lightbody, Windermere Valley. SMLS as distributed by MLS GRID
