Excellent investment opportunity in Spokane’s highly desirable Browne’s Addition neighborhood. This two-story multifamily property comprises five 1 bed, 1 bath units, each offering strong rental appeal in one of the city’s most established and walkable areas. Each unit blends historic character with functional layouts, including original hardwood floors, abundant natural light, and decorative fireplaces in select units. Full-size kitchens and well-maintained bathrooms with tub/shower combinations provide practical, comfortable living spaces for tenants. The property offers consistent demand due to its proximity to parks, dining, medical facilities, and downtown Spokane. Ideal for investors seeking stable cash flow in a proven rental submarket.
Active
Price cut: $25K (7/23)
$725,000
1824 W 2nd Ave, Spokane, WA 99201
5beds
5baths
3,040sqft
MultiFamily
Built in 1903
-- sqft lot
$710,600 Zestimate®
$238/sqft
$-- HOA
What's special
- 225 days
- 106
- 3
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#: 202612674
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
Heating
- Natural Gas, Forced Air, Baseboard
Appliances
- Laundry: In Basement
Features
- Basement: Partial,Finished,Walk-Out Access
- Has fireplace: No
Interior area
- Total structure area: 3,040
- Total interior livable area: 3,040 sqft
Property
Parking
- Parking features: Off Site
Features
- Levels: Two
Lot
- Size: 5,000 Square Feet
Details
- Parcel number: 25241.1710
Construction
Type & style
- Home type: MultiFamily
Materials
- Wood Siding
- Roof: Composition
Condition
- Year built: 1903
Community & HOA
HOA
- Amenities included: Laundry
Location
- Region: Spokane
Financial & listing details
- Price per square foot: $238/sqft
- Date on market: 2/27/2026
- Listing terms: Conventional,Cash,Commercial
- Road surface type: Paved
Estimated market value
$710,600
$675,000 - $746,000
$1,696/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/23/2026 | Price change | $725,000-3.3%$238/sqft |
Source:  SMLS as distributed by MLS GRID #202612674 Report a problem | ||
| 2/27/2026 | Listed for sale | $750,000+5.6%$247/sqft |
Source: SMLS as distributed by MLS GRID #202612674 Report a problem | ||
| 5/25/2022 | Sold | $710,000-1.9%$234/sqft |
Source: SMLS as distributed by MLS GRID #202211998 Report a problem | ||
| 4/5/2022 | Pending sale | $724,000$238/sqft |
Source: SMLS as distributed by MLS GRID #202211998 Report a problem | ||
| 3/31/2022 | Price change | $724,000-6.6%$238/sqft |
Source: SMLS as distributed by MLS GRID #202211998 Report a problem | ||
| 3/4/2022 | Listed for sale | $775,000+55%$255/sqft |
Source: SMLS as distributed by MLS GRID #202211998 Report a problem | ||
| 1/10/2020 | Sold | $500,000+156.4%$164/sqft |
Source: SMLS as distributed by MLS GRID #201924545 Report a problem | ||
| 12/31/2006 | Sold | $195,000$64/sqft |
Source: SMLS as distributed by MLS GRID #26019465 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: Brownes Addition
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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