8.5% In-Place Cap Rate | $3,800/Month Rental Income | Low $500/Month Operating Expenses | Rare 8 Bed Duplex North Spokane duplex generating $3,800 per month in rental income with long-term tenants paying $1,900 per unit. Rarely do duplexes offer two oversized 4 bedroom, 2 bathroom units, creating strong tenant demand and long-term rental stability. With approximately $500 per month in operating expenses and a projected 9% cash-on-cash return, this property delivers strong returns from day one. Additional upside exists through cosmetic improvements, exterior updates, and future rent growth. Conveniently located near schools, shopping, services, and major Spokane corridors, this is a strong value-add opportunity with stable income and multiple paths to future appreciation.
Active
Listed by: The Paragon Group • Peter Clark
Price cut: $25K (6/15)
$475,000
520 E Wabash Avenue, Spokane, WA 99207
8beds
4baths
3,400sqft
Duplex
Built in 1976
-- sqft lot
$471,900 Zestimate®
$140/sqft
$-- HOA
What's special
- 61 days |
- 145 |
- 8 |
Zillow last checked:
Listing updated:
Listed by:
Peter Clark,
The Paragon Group
Source: NWMLS as distributed by MLS GRID,MLS#: 2520728
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Baseboard, Electric
Cooling
- None
Features
- Has fireplace: No
Interior area
- Total structure area: 3,400
- Total interior livable area: 3,400 sqft
Property
Parking
- Total spaces: 3
- Carport spaces: 3
Lot
- Size: 5,227 Square Feet
Details
- Parcel number: 36323.1607
- Zoning description: Residential,Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Duplex
- Property subtype: Duplex
Materials
- Brick
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Average
- Year built: 1976
- Major remodel year: 1976
Utilities & green energy
- Sewer: Sewer Connected
- Water: Community
Community & HOA
Community
- Subdivision: Spokane
Location
- Region: Spokane
Financial & listing details
- Price per square foot: $140/sqft
- Tax assessed value: $330,200
- Annual tax amount: $3,971
- Date on market: 5/8/2026
- Cumulative days on market: 62 days
- Listing terms: Conventional,FHA,VA Loan
Estimated market value
$471,900
$448,000 - $495,000
$1,335/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/15/2026 | Price change | $475,000-5%$140/sqft |
Source:  NWMLS as distributed by MLS GRID #2520728 Report a problem | ||
| 5/8/2026 | Listed for sale | $500,000+353.4%$147/sqft |
Source: NWMLS as distributed by MLS GRID #2520728 Report a problem | ||
| 9/22/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 9/4/2022 | Listed for rent | $1,900+72.7%$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 11/20/2018 | Listing removed | $1,100 |
Source: Owner Report a problem | ||
| 11/2/2018 | Listed for rent | $1,100 |
Source: Owner Report a problem | ||
| 6/24/2011 | Sold | $110,280+22.5%$32/sqft |
Source: Public Record Report a problem | ||
| 8/7/2003 | Sold | $90,000$26/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,278 +17% | $330,200 +14.3% |
| 2023 | $2,803 -0.9% | $288,900 |
| 2022 | $2,829 +30.7% | $288,900 +43.3% |
| 2021 | $2,165 +10.7% | $201,600 +27.7% |
| 2020 | $1,955 +18.3% | $157,900 +14.5% |
| 2019 | $1,652 | $137,900 +12.8% |
| 2018 | $1,652 -3% | $122,200 +3.9% |
| 2017 | $1,703 +5.8% | $117,600 +0.8% |
| 2016 | $1,610 -7.2% | $116,700 -3.9% |
| 2015 | $1,735 | $121,400 +13.1% |
| 2014 | $1,735 | $107,300 |
| 2013 | $1,735 -11.6% | -- |
| 2011 | $1,964 +9.3% | -- |
| 2010 | $1,797 | -- |
| 2009 | $1,797 +1.3% | -- |
| 2008 | $1,774 | -- |
| 2007 | $1,774 +7.6% | $159,400 |
| 2005 | $1,649 +3.5% | -- |
| 2004 | $1,594 -3.2% | -- |
| 2003 | $1,647 +6.9% | -- |
| 2002 | $1,541 -0.4% | -- |
| 2001 | $1,546 -4.9% | $104,800 |
| 1999 | $1,625 | $104,800 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
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.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: Nevada-Lidgerwood
Nearby schools
GreatSchools rating
- 3/10Lidgerwood Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 3/10Garry Middle SchoolGrades: 6-8Distance: 0.6 mi
- 3/10Rogers High SchoolGrades: 9-12Distance: 0.8 mi
Schools provided by the listing agent
- Elementary: Lidgerwood Elem
- Middle: Garry Mid
- High: Rogers High
Source: NWMLS 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.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Washington
- Spokane County
- Spokane
- 99207
- Nevada-Lidgerwood
- 520 E Wabash Avenue
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Spokane Topics
