Investors, here’s an opportunity to add a well-maintained triplex with a solid rental history to your portfolio or house hack by living in the upstairs unit and renting out the lower 2 units to offset your costs! Situated near picturesque Underhill Park in Spokane, this property offers three comfortable 2-bedroom, 1-bath units, providing strong rental appeal and multiple income streams. One unit has been completely updated, while the property as a whole has a proven rental history and currently generates $3,750 per month. Each unit features its own gas forced-air furnace, allowing for individual heating control and helping provide efficient, reliable heating for tenants. Operating expenses include approximately $400 per month for water, sewer, and garbage, $50 per month for common-area electricity, and $3250 for insurance. The currently vacant upstairs unit creates a unique opportunity for an owner-occupant and with the 1 car garage in the back it gives the opportunity for you or additional income.
Active
$425,000
2718 E 5th Ave, Spokane, WA 99202
6beds
3baths
3,000sqft
MultiFamily
Built in 1907
-- sqft lot
$415,900 Zestimate®
$142/sqft
$-- HOA
What's special
- 3 days
- 165
- 8
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Spencer Millsap Main:509-688-5014,
REAL Broker LLC
Source: SMLS as distributed by MLS GRID,MLS#: 202625404
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
Primary bedroom
- Description: Full Bath
Dining room
- Description: Informal
Family room
- Description: 1st Flr,2nd Flr
Heating
- Electric, Baseboard, Ductless
Appliances
- Included: Free-Standing Range, Dishwasher, Refrigerator, Washer, Dryer
Features
- In-Law Floorplan
- Windows: Vinyl Frames
- Basement: Partial
- Has fireplace: No
Interior area
- Total structure area: 3,000
- Total interior livable area: 3,000 sqft
Property
Parking
- Total spaces: 1
- Parking features: Detached, Off Site, Alley Access
- Garage spaces: 1
Features
- Levels: Two
- Stories: 2
- Fencing: Fenced
Lot
- Size: 6,970 Square Feet
- Features: Level, Near Public Transit
Details
- Parcel number: 35211.4721
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Victorian
Materials
- Wood Siding
- Roof: Composition
Condition
- Year built: 1907
Community & HOA
HOA
- Amenities included: Laundry
Location
- Region: Spokane
Financial & listing details
- Price per square foot: $142/sqft
- Tax assessed value: $347,000
- Annual tax amount: $3,549
- Date on market: 10/6/2026
- Listing terms: FHA,VA Loan,Conventional,Cash
- Road surface type: Paved
Estimated market value
$415,900
$395,000 - $437,000
$1,548/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/6/2026 | Listed for sale | $425,000+21.4%$142/sqft |
Source: | ||
| 8/14/2024 | Sold | $350,000$117/sqft |
Source: | ||
| 7/11/2024 | Pending sale | $350,000$117/sqft |
Source: | ||
| 7/9/2024 | Listed for sale | $350,000+105.9%$117/sqft |
Source: | ||
| 9/17/2019 | Sold | $170,000-2.9%$57/sqft |
Source: | ||
| 6/12/2019 | Price change | $175,000-12.5%$58/sqft |
Source: Madison RE & Prop Mgmt, Inc #201916042 Report a problem | ||
| 5/13/2019 | Listed for sale | $200,000$67/sqft |
Source: Madison RE & Prop Mgmt, Inc #201916042 Report a problem | ||
| 10/15/2018 | Listing removed | $200,000$67/sqft |
Source: Madison RE & Prop Mgmt, Inc #201819853 Report a problem | ||
| 8/3/2018 | Price change | $200,000-9.1%$67/sqft |
Source: Madison RE & Prop Mgmt, Inc #201819853 Report a problem | ||
| 6/26/2018 | Listed for sale | $220,000+76%$73/sqft |
Source: Madison RE & Prop Mgmt, Inc #201819853 Report a problem | ||
| 11/28/2013 | Listing removed | $445 |
Source: Zillow Rental Network Report a problem | ||
| 11/18/2013 | Price change | $445+12.7% |
Source: Zillow Rental Network Report a problem | ||
| 10/26/2013 | Price change | $395-11.2% |
Source: Zillow Rental Network Report a problem | ||
| 10/17/2013 | Price change | $445+12.7% |
Source: Zillow Rental Network Report a problem | ||
| 10/6/2013 | Price change | $395-11.2% |
Source: Zillow Rental Network Report a problem | ||
| 9/4/2013 | Listed for rent | $445-10.1% |
Source: Zillow Rental Network Report a problem | ||
| 6/7/2013 | Listing removed | $495 |
Source: Madison Real Estate and Property Management, Inc. Report a problem | ||
| 6/4/2013 | Listed for rent | $495 |
Source: Madison Real Estate and Property Management, Inc. Report a problem | ||
| 6/5/2006 | Sold | $125,000$42/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,549 -13.8% | $347,000 -16.3% |
| 2024 | $4,115 +4.6% | $414,800 +2.2% |
| 2023 | $3,934 +12% | $406,000 +13.1% |
| 2022 | $3,513 +69.6% | $359,100 +80.2% |
| 2021 | $2,071 +4.6% | $199,300 +19.5% |
| 2020 | $1,979 +7% | $166,800 +8% |
| 2019 | $1,850 | $154,500 +3.4% |
| 2018 | $1,850 -11.1% | $149,400 +2.5% |
| 2017 | $2,081 +4.4% | $145,700 +10% |
| 2016 | $1,993 +5.2% | $132,500 |
| 2015 | $1,893 | $132,500 |
| 2014 | $1,893 | $132,500 |
| 2013 | $1,893 +4% | -- |
| 2011 | $1,820 +16.9% | -- |
| 2010 | $1,558 | -- |
| 2009 | $1,558 +18.7% | -- |
| 2008 | $1,313 | -- |
| 2007 | $1,313 -34.9% | $117,830 |
| 2005 | $2,017 +107.3% | -- |
| 2004 | $973 +3.4% | -- |
| 2003 | $940 | -- |
| 2002 | $940 +0.2% | -- |
| 2001 | $939 -4.8% | $63,630 +0% |
| 1999 | $986 | $63,600 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: East Central
Nearby schools
Schools provided by the listing agent
- Elementary: Franklin
- Middle: Chase
- High: Lewis & Clark
- 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.






