Calling all investors! Great 4-unit rental income property in the Gonzaga area w/ tremendous upside potential AND future development possibilities! Nice mix of units, including a 3-bed, 2-bed & two 1-bed apartments. Major weatherization & efficiency updates recently performed by SNAP including blown-in insulation in the walls, new doors & new high-efficiency mini splits for heating & cooling. The vacant units are move-in ready with vinyl windows, updated baths & even beautiful original hardwood floors on the top floor! On-site laundry, covered patio spaces, large & fully fenced backyard, 2 car garage with 4 separate storage areas. A short plat through City of Spokane would allow further development & one or possibly more Plexes to be built under new zoning ordinances. This property has been owned by a nonprofit & has 2 leases in place until 11/30/24 for affordable housing. But new leases at market rates will greatly increase the bottom line. This is a fantastic investment with incredible potential & upside!
Closed
$560,000
303 E Indiana Ave, Spokane, WA 99207
7beds
4baths
4,776sqft
Multi Family
Built in 1904
-- sqft lot
$602,400 Zestimate®
$117/sqft
$1,400 Estimated rent
Home value
$602,400
$548,000 - $651,000
$1,400/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Erik Dordal 509-939-7647,
Windermere City Group
Source: SMLS as distributed by MLS GRID,MLS#: 202411140
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
Heating
- Electric, Baseboard, Zoned
Cooling
- Central Air
Appliances
- Included: Free-Standing Range, Dishwasher, Refrigerator, Washer, Dryer
Features
- Natural Woodwork
- Flooring: Wood
- Windows: Wood Frames
- Basement: Partial,Partially Finished
- Has fireplace: No
Interior area
- Total structure area: 4,776
- Total interior livable area: 4,776 sqft
Property
Parking
- Total spaces: 4
- Parking features: Detached, Off Site, Alley Access
- Garage spaces: 2
Features
- Stories: 2
- Fencing: Fenced Yard
Lot
- Size: 0.34 Acres
- Features: Sprinkler - Automatic, Level, Corner Lot, Near Public Transit, Oversized Lot
Details
- Parcel number: 35083.1308
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Craftsman
- Property subtype: Multi Family
Materials
- Wood Siding
- Roof: Composition
Condition
- Year built: 1904
Community & neighborhood
Location
- Region: Spokane
- Subdivision: Heaths Addition
Other
Other facts
- Listing terms: FHA,VA Loan,Conventional,Cash
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 10/2/2024 | Listing removed | $950 |
Source: Zillow Rentals Report a problem | ||
| 9/7/2024 | Listed for rent | $950+18.8% |
Source: Zillow Rentals Report a problem | ||
| 3/6/2024 | Sold | $560,000+1.8%$117/sqft |
Source:  SMLS as distributed by MLS GRID #202411140 Report a problem | ||
| 2/1/2024 | Pending sale | $550,000$115/sqft |
Source: SMLS as distributed by MLS GRID #202411140 Report a problem | ||
| 1/26/2024 | Listed for sale | $550,000+52.8%$115/sqft |
Source: SMLS as distributed by MLS GRID #202411140 Report a problem | ||
| 11/26/2019 | Sold | $359,900$75/sqft |
Source: SMLS as distributed by MLS GRID #201925203 Report a problem | ||
| 10/21/2019 | Pending sale | $359,900$75/sqft |
Source: Coldwell Banker Tomlinson South #201925203 Report a problem | ||
| 10/17/2019 | Listed for sale | $359,900+38.4%$75/sqft |
Source: Coldwell Banker Tomlinson N #201925202 Report a problem | ||
| 9/30/2016 | Sold | $260,000-5.8%$54/sqft |
Source: SMLS as distributed by MLS GRID #201617408 Report a problem | ||
| 5/13/2016 | Price change | $276,000-3.5%$58/sqft |
Source: Keller Williams Spokane - Main #201617408 Report a problem | ||
| 3/19/2016 | Listed for sale | $286,000+6%$60/sqft |
Source: Keller Williams Spokane - Main #201613995 Report a problem | ||
| 9/16/2014 | Listing removed | $269,900$57/sqft |
Source: Synergy Properties LLC #201419853 Report a problem | ||
| 6/24/2014 | Listed for sale | $269,900$57/sqft |
Source: Synergy Properties LLC #201419853 Report a problem | ||
| 1/1/2014 | Listing removed | $269,900$57/sqft |
Source: Prime Real Estate Group #201326800 Report a problem | ||
| 11/15/2013 | Listed for sale | $269,900+0.7%$57/sqft |
Source: Prime Real Estate Group #201326800 Report a problem | ||
| 2/7/2011 | Listing removed | $800+33.3% |
Source: Windermere Real Estate/Northwest, Inc. Report a problem | ||
| 1/2/2011 | Price change | $600-25% |
Source: Windermere Real Estate/Northwest, Inc. Report a problem | ||
| 1/1/2011 | Listed for rent | $800 |
Source: Windermere Real Estate/Northwest, Inc. Report a problem | ||
| 1/9/2006 | Sold | $268,000+97.1%$56/sqft |
Source: Public Record Report a problem | ||
| 9/25/2003 | Sold | $135,960-4.3%$28/sqft |
Source: Public Record Report a problem | ||
| 10/25/2002 | Sold | $142,027+9.3%$30/sqft |
Source: Public Record Report a problem | ||
| 12/1/1999 | Sold | $130,000$27/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,536 -14.5% | $558,400 -16.5% |
| 2023 | $6,475 +21% | $669,100 +22.2% |
| 2022 | $5,350 +37.1% | $547,500 +68.4% |
| 2021 | $3,902 +22.2% | $325,100 +25.8% |
| 2020 | $3,192 +3.4% | $258,500 +0.1% |
| 2019 | $3,086 | $258,200 +5.6% |
| 2018 | $3,086 -9.2% | $244,450 +1.6% |
| 2017 | $3,400 +3.4% | $240,700 +3.4% |
| 2016 | $3,287 -1.6% | $232,800 -0.6% |
| 2015 | $3,341 | $234,200 -4.7% |
| 2014 | $3,341 | $245,700 |
| 2013 | $3,341 -9.9% | -- |
| 2011 | $3,708 +16.9% | -- |
| 2010 | $3,172 | -- |
| 2009 | $3,172 +24.1% | -- |
| 2008 | $2,557 | -- |
| 2007 | $2,557 -78.1% | $229,900 |
| 2005 | $11,648 +417% | -- |
| 2004 | $2,253 +3.5% | -- |
| 2003 | $2,177 | -- |
| 2002 | $2,177 -0.8% | -- |
| 2001 | $2,194 +12.1% | $148,700 +17.8% |
| 1999 | $1,957 | $126,200 |
Find assessor info on the county website
Neighborhood: Logan
Nearby schools
GreatSchools rating
- 1/10Logan Elementary SchoolGrades: PK-5Distance: 0.6 mi
- 6/10North Central High SchoolGrades: 6-12Distance: 0.7 mi
- 3/10Denny Yasuhara Middle SchoolGrades: 6-8Distance: 0.9 mi
Schools provided by the listing agent
- Elementary: Logan
- 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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- Washington
- Spokane County
- Spokane
- 99207
- Logan
- 303 E Indiana Ave
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