Well-maintained 5-unit investment property (3 two-bedroom units and 2 one-bedroom units) with space for an optional 6th unit, offering strong in-place income and clear upside potential. Current operations show approx. $66,554 in annual gross income and ~$47,740 NOI, with low expenses around $18,800/year. Durable brick exterior and recently replaced roof help minimize future capital expenditures. One unit has been fully updated, while the remaining units offer a mix of hardwood floors and functional layouts with room for additional value-add improvements. Property features both off-street and on-street parking, including a large covered carport, along with a community coin-operated laundry room providing additional income. Low-maintenance lot with a small shared yard space for tenant enjoyment. Currently 100% occupied with strong rental demand, making this a solid opportunity for investors seeking stable cash flow with future growth potential.
Active
$659,950
805 W Alice Ave, Spokane, WA 99205
8beds
5baths
5,820sqft
MultiFamily
Built in 1961
-- sqft lot
$639,600 Zestimate®
$113/sqft
$-- HOA
What's special
On-street parkingDurable brick exteriorHardwood floorsLow-maintenance lotFunctional layoutsRecently replaced roofLarge covered carport
- 59 days |
- 216 |
- 8 |
Zillow last checked:
Listing updated:
Listed by:
Jeff Hornberger 509-994-5007,
The Hornberger Group, LLC
Source: SMLS as distributed by MLS GRID,MLS#: 202617223
Loading...
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 5
Heating
- Natural Gas, Hot Water
Appliances
- Included: Free-Standing Range, Dishwasher, Refrigerator, Washer, Dryer
Features
- Flooring: Wood
- Basement: Full,Partially Finished,See Remarks
- Has fireplace: No
Interior area
- Total structure area: 5,820
- Total interior livable area: 5,820 sqft
Property
Parking
- Total spaces: 4
- Parking features: Carport, Off Site
- Carport spaces: 4
Features
- Levels: One
- Stories: 1
- Fencing: Cross Fenced
- Has view: Yes
- View description: Territorial
Lot
- Size: 9,148 Square Feet
- Features: Sprinkler - Automatic
Details
- Parcel number: 35063.3507
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch
Materials
- Brick
- Roof: Composition
Condition
- Year built: 1961
Community & HOA
HOA
- Amenities included: Laundry
Location
- Region: Spokane
Financial & listing details
- Price per square foot: $113/sqft
- Annual tax amount: $4,819
- Date on market: 5/12/2026
- Listing terms: FHA,VA Loan,Conventional,Cash
- Road surface type: Paved
Estimated market value
$639,600
$608,000 - $672,000
$1,316/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/12/2026 | Listed for sale | $659,950+83.4%$113/sqft |
Source:  SMLS as distributed by MLS GRID #202617223 Report a problem | ||
| 9/20/2016 | Listing removed | $359,900$62/sqft |
Source: CENTURY 21 Beutler & Associates #201621108 Report a problem | ||
| 7/12/2016 | Listed for sale | $359,900$62/sqft |
Source: Century 21 Beutler & Assoc Spo #201621108 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/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.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Emerson-Garfield
Nearby schools
GreatSchools rating
- 6/10Garfield Elementary SchoolGrades: PK-5Distance: 0.9 mi
- 6/10North Central High SchoolGrades: 6-12Distance: 1.1 mi
- 3/10Denny Yasuhara Middle SchoolGrades: 6-8Distance: 1.6 mi
Schools provided by the listing agent
- Elementary: Garfield
- 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.
- $--1 bd1 ba700 sqft807 W Alice Ave, Spokane, WA 99205Off Market
- $--2 bd1 ba900 sqft811 W Alice Ave, Spokane, WA 99205Off Market
- $634,1004.8k bd3.2k ba-- sqft805 W Alice Ave #803-807-811, Spokane, WA 99205Off Market
- $266,3002 bd1 ba1.1k sqft3215 N Post St, Spokane, WA 99205Off Market
- $335,8004 bd2 ba1.5k sqft804 W Alice Ave, Spokane, WA 99205Off Market
- $305,0004 bd2 ba1.7k sqft3309 N Post St, Spokane, WA 99205Off Market
- $164,4001 bd1 ba620 sqft818 W Dalton Ave, Spokane, WA 99205Off Market
- $17,0008,999 Square Feet3222 N Lincoln St, Spokane, WA 99205Off Market
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.
Similar homes
- $695,0007 bd8 ba4.9k sqft611 S Bernard St, Spokane, WA 99204For Sale
MLS ID #202619240, Jessica Rafter, Rafter Realty, LLC. SMLS as distributed by MLS GRID - $485,0007 bd4 ba3.1k sqft911 E Bridgeport Ave, Spokane, WA 99207For Sale
MLS ID #202620740, Kim Hillman, Windermere Valley. SMLS as distributed by MLS GRID - $675,0008 bd4 ba3.3k sqft1917 W 7th Ave, Spokane, WA 99204For Sale
MLS ID #202613414, Cambria Henry, Haven Real Estate Group. SMLS as distributed by MLS GRID - $675,0008 bd4 ba3.3k sqft1923 W 7th Ave, Spokane, WA 99204For Sale
MLS ID #202613413, Cambria Henry, Haven Real Estate Group. SMLS as distributed by MLS GRID - $524,9006 bd4 ba3k sqft1308 W Nora Ave, Spokane, WA 99205For SaleMLS ID #202620061, Kim Vinson, Extant Realty. SMLS as distributed by MLS GRID
- $677,5005 bd3 ba3.9k sqft828/820 W 11th Ave, Spokane, WA 99204For SaleMLS ID #202617764, Tanner Williams, Keller Williams Realty Coeur d. SMLS as distributed by MLS GRID
- $699,0005 bd2 ba3.4k sqft1110 E 28th Ave, Spokane, WA 99203For SaleMLS ID #202620328, Lori Clark, Pathfinder Real Estate Service. SMLS as distributed by MLS GRID
- $690,0009 bd6 ba4.3k sqft1828 W 9th Ave, Spokane, WA 99204For SaleMLS ID #202526165, Dallas Lightner, LT Real Estate. SMLS as distributed by MLS GRID
- $599,9008 bd4 ba2.9k sqft2927 E Olympic Ave, Spokane, WA 99217For SaleMLS ID #202615275, Cindy Carrigan, REAL Broker LLC. SMLS as distributed by MLS GRID
- $624,9005 bd2 ba3.6k sqft3570 E 11th Ave, Spokane, WA 99202For SaleMLS ID #202620186, Lynsey Cantlon, REAL Broker LLC. SMLS as distributed by MLS GRID
- $679,9995 bd4 ba4.1k sqft821 S Azalea Dr, Spokane, WA 99224For SaleMLS ID #202620382, Brandi Essman, Source Real Estate. SMLS as distributed by MLS GRID
- $800,0008 bd4 ba3.8k sqft2109 W Pacific Ave, Spokane, WA 99201For SaleMLS ID #202615287, Jill Klinke, Windermere Manito, LLC. SMLS as distributed by MLS GRID
- $749,9008 bd3 ba3k sqft604 S Ray St #606, Spokane, WA 99202For SaleMLS ID #202614419, Kristopher Zarek, Realty One Group Eclipse. SMLS as distributed by MLS GRID
- $665,0006 bd4 ba3k sqft9125 N Bradbury Dr, Spokane, WA 99208For SaleMLS ID #202618628, Madelyn Gerety, John L Scott, Inc.. SMLS as distributed by MLS GRID
- $595,5005 bd3 ba3k sqft6923 N Douglass St, Spokane, WA 99208For SaleMLS ID #202620634, Sarah Bird, Windermere North. SMLS as distributed by MLS GRID
- $560,0007 bd3 ba3.3k sqft3211 W Excell Ave, Spokane, WA 99208For SaleMLS ID #202616715, Haley Meacham, Amplify Real Estate Services. SMLS as distributed by MLS GRID
- $755,0005 bd5 ba4.6k sqft10103 N Ridgecrest Dr, Spokane, WA 99208For SaleMLS ID #202620557, Richard Prasser, Keller Williams Spokane - Main. SMLS as distributed by MLS GRID
- $425,0005 bd2 ba3k sqft904 W Columbia Ave, Spokane, WA 99205For SaleMLS ID #202619861, Sara Koenig, American R.E. Associates, Inc. SMLS as distributed by MLS GRID
- $699,9506 bd4 ba4.1k sqft1401 S Monroe St, Spokane, WA 99203For SaleMLS ID #202618755, BethAnn Long, RE/MAX Inland Empire. SMLS as distributed by MLS GRID
- $540,0005 bd2 ba3.2k sqft204 W 33rd Ave, Spokane, WA 99203For SaleMLS ID #202620121, Cheryl Hartzog, R. C. Schwartz & Associates. SMLS as distributed by MLS GRID
- Washington
- Spokane County
- Spokane
- 99205
- Emerson-Garfield
- 805 W Alice Ave
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Spokane Topics
