Investor opportunity with immediate upside potential. This fourplex features four spacious 2 bed, 1 bath units, each offering approximately 784 square feet of living space. Currently 50% occupied, the property presents a value-add opportunity through lease-up and rent stabilization, making it an attractive option for investors seeking increased cash flow and long-term appreciation. Existing rents range from $1,045 to $1,097 per month, with potential to bring rents in line with current market rates. Recent maintenance and turnover improvements position the next owner to capitalize on increased occupancy and operational efficiency. Conveniently located near downtown Spokane, major employers, public transportation, shopping, dining, and everyday amenities. Ideal for investors looking to expand their portfolio or complete a 1031 exchange while adding a property with strong income potential and room for growth.
Active
Price cut: $529.9K (7/14)
$529,900
1703 E Cataldo Ave, Spokane, WA 99202
8beds
4baths
3,136sqft
MultiFamily
Built in 1972
-- sqft lot
$519,800 Zestimate®
$169/sqft
$-- HOA
What's special
- 21 days |
- 29 |
- 5 |
Zillow last checked:
Listing updated:
Listed by:
Peter Enkema 509-879-8852,
Coldwell Banker Tomlinson,
Angela Davis 509-844-7550,
Coldwell Banker Tomlinson
Source: SMLS as distributed by MLS GRID,MLS#: 202619873
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Dining room
- Description: Informal
Family room
- Description: Off Kit
Heating
- Electric, Baseboard, Hot Water
Appliances
- Included: Free-Standing Range, Dishwasher, Refrigerator, Microwave
Features
- Basement: None
- Has fireplace: No
Interior area
- Total structure area: 3,136
- Total interior livable area: 3,136 sqft
Property
Parking
- Total spaces: 4
- Parking features: Carport, Alley Access
- Carport spaces: 1
Features
- Levels: Two
- Stories: 2
- Has view: Yes
- View description: City, Territorial
Lot
- Size: 0.25 Acres
- Features: Sprinkler - Automatic, Corner Lot
Details
- Parcel number: 35162.3112
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
Materials
- Wood Siding
- Roof: Composition
Condition
- Year built: 1972
Community & HOA
HOA
- Amenities included: Laundry
Location
- Region: Spokane
Financial & listing details
- Price per square foot: $169/sqft
- Tax assessed value: $465,960
- Annual tax amount: $5,381
- Date on market: 6/25/2026
- Listing terms: Conventional,Cash
- Road surface type: Paved
Estimated market value
$519,800
$494,000 - $546,000
$1,476/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/14/2026 | Price change | $529,900-50%$169/sqft |
Source:  SMLS as distributed by MLS GRID #202619873 Report a problem | ||
| 6/25/2026 | Listed for sale | $1,059,800$338/sqft |
Source: SMLS as distributed by MLS GRID #202619873 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,622 -1.5% | $465,960 -3.8% |
| 2023 | $4,693 +8.6% | $484,560 +9.6% |
| 2022 | $4,322 +40.4% | $442,060 +42.7% |
| 2021 | $3,078 +18.8% | $309,700 +47.8% |
| 2020 | $2,590 +13% | $209,540 +9.4% |
| 2019 | $2,291 | $191,530 +6.7% |
| 2018 | $2,291 -8.3% | $179,430 |
| 2017 | $2,497 +1.8% | $179,430 +0.2% |
| 2016 | $2,452 -5.9% | $179,030 -2% |
| 2015 | $2,607 | $182,630 |
| 2014 | $2,607 | $182,630 |
| 2013 | $2,607 +2.8% | -- |
| 2011 | $2,535 +24.3% | -- |
| 2010 | $2,039 | -- |
| 2009 | $2,039 +28.6% | -- |
| 2008 | $1,586 +6% | -- |
| 2007 | $1,497 -85.7% | $134,400 |
| 2005 | $10,480 +417% | -- |
| 2004 | $2,027 +3.5% | -- |
| 2003 | $1,960 | -- |
| 2002 | $1,960 +0.1% | -- |
| 2001 | $1,958 -9.9% | $132,700 -5.3% |
| 1999 | $2,174 | $140,200 |
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: Chief Garry Park
Nearby schools
GreatSchools rating
- 3/10Stevens Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 3/10Denny Yasuhara Middle SchoolGrades: 6-8Distance: 1.1 mi
- 6/10North Central High SchoolGrades: 6-12Distance: 1.6 mi
Schools provided by the listing agent
- Elementary: Stevens
- Middle: Yasuhara
- 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.
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A local agent can set up tours, give advice and negotiate with sellers.
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