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Active
  • $425,000

    2718 E 5th Ave, Spokane, WA 99202

    6beds
    3baths
    3,000sqft
    : 
    $2,909/mo
    Get pre-qualified
    MultiFamily
    Built in 1907
    -- sqft lot
    $415,900 Zestimate®
    $142/sqft
    $-- HOA

    What's special

    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.
    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#: 202625404MLS Logo

      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

        DateEventPrice
        10/6/2026Listed for sale$425,000+21.4%$142/sqft
        Source: SMLS as distributed by MLS GRID #202625404 Report a problem
        8/14/2024Sold$350,000$117/sqft
        Source: SMLS as distributed by MLS GRID #202419432 Report a problem
        7/11/2024Pending sale$350,000$117/sqft
        Source: SMLS as distributed by MLS GRID #202419432 Report a problem
        7/9/2024Listed for sale$350,000+105.9%$117/sqft
        Source: SMLS as distributed by MLS GRID #202419432 Report a problem
        9/17/2019Sold$170,000-2.9%$57/sqft
        Source: SMLS as distributed by MLS GRID #201916042 Report a problem
        6/12/2019Price change$175,000-12.5%$58/sqft
        Source: Madison RE & Prop Mgmt, Inc #201916042 Report a problem
        5/13/2019Listed for sale$200,000$67/sqft
        Source: Madison RE & Prop Mgmt, Inc #201916042 Report a problem
        10/15/2018Listing removed$200,000$67/sqft
        Source: Madison RE & Prop Mgmt, Inc #201819853 Report a problem
        8/3/2018Price change$200,000-9.1%$67/sqft
        Source: Madison RE & Prop Mgmt, Inc #201819853 Report a problem
        6/26/2018Listed for sale$220,000+76%$73/sqft
        Source: Madison RE & Prop Mgmt, Inc #201819853 Report a problem
        11/28/2013Listing removed$445
        Source: Zillow Rental Network Report a problem
        11/18/2013Price change$445+12.7%
        Source: Zillow Rental Network Report a problem
        10/26/2013Price change$395-11.2%
        Source: Zillow Rental Network Report a problem
        10/17/2013Price change$445+12.7%
        Source: Zillow Rental Network Report a problem
        10/6/2013Price change$395-11.2%
        Source: Zillow Rental Network Report a problem
        9/4/2013Listed for rent$445-10.1%
        Source: Zillow Rental Network Report a problem
        6/7/2013Listing removed$495
        Source: Madison Real Estate and Property Management, Inc. Report a problem
        6/4/2013Listed for rent$495
        Source: Madison Real Estate and Property Management, Inc. Report a problem
        6/5/2006Sold$125,000$42/sqft
        Source: SMLS as distributed by MLS GRID #26013460 Report a problem

        Public tax history

        YearProperty taxesTax 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

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: East Central

        Getting around

        66 / 100
        Somewhat Walkable
        38 / 100
        Some Transit
        63 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        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.

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