7.6% CAP RATE POTENTIAL. High-performance investment opportunity in Spokane’s desirable Cliff-Cannon neighborhood! This 3-bedroom, 1-bath cottage is perfectly positioned for the medical professional tenant pool, just minutes from the hospital district and Downtown core. Pro-forma market rent is estimated at $2,100/mo, delivering a projected 7.6% cap rate at the $235,000 price point. Delivered fully vacant, this property allows a new owner to establish a fresh market-rate baseline under 2026 rent stabilization guidelines. Featuring a newer roof, fresh exterior paint, and a compact, low-maintenance footprint, this asset is designed for consistent occupancy and high yield. Ideally situated in a resilient rental sub-market with historically low vacancy. Buyer to verify all financial projections, square footage, and local rental regulations.
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Listing updated:
Source: SMLS as distributed by MLS GRID,MLS#: 202615277
Price history
| Date | Event | Price |
|---|---|---|
| 7/22/2026 | Sold | $210,000-2.3%$224/sqft |
Source:  SMLS as distributed by MLS GRID #202615277 Report a problem | ||
| 6/11/2026 | Pending sale | $215,000$230/sqft |
Source: SMLS as distributed by MLS GRID #202615277 Report a problem | ||
| 6/4/2026 | Price change | $215,000-8.5%$230/sqft |
Source: SMLS as distributed by MLS GRID #202615277 Report a problem | ||
| 4/30/2026 | Price change | $235,000-6%$251/sqft |
Source: SMLS as distributed by MLS GRID #202615277 Report a problem | ||
| 4/11/2026 | Listed for sale | $250,000+557.9%$267/sqft |
Source: SMLS as distributed by MLS GRID #202615277 Report a problem | ||
| 6/13/2013 | Sold | $38,000-9%$41/sqft |
Source: SMLS as distributed by MLS GRID #201316565 Report a problem | ||
| 5/5/2013 | Price change | $41,750-24%$45/sqft |
Source: Windermere/Manito LLC #201316565 Report a problem | ||
| 3/20/2013 | Listed for sale | $54,900-38.3%$59/sqft |
Source: Exit Real Estate Valley #201313718 Report a problem | ||
| 9/27/2004 | Sold | $89,000+67.9%$95/sqft |
Source: Public Record Report a problem | ||
| 7/30/1999 | Sold | $53,000-31%$57/sqft |
Source: Public Record Report a problem | ||
| 4/12/1999 | Sold | $76,854$82/sqft |
Source: Public Record Report a problem | ||
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$209,100
2% more
+$4,182
With Zillow Showcase(estimated)
$213,282
