Exceptional investor or owner-occupant opportunity featuring a well-maintained fourplex in North Spokane within the desirable Mead School District. With strong rental history and quality updates throughout, this property offers excellent income potential and long-term value. Each unit features just under 1,000 SF with 2 bedrooms, 2 bathrooms, including a primary suite, plus LVP flooring, updated cabinetry, stainless steel appliances, updated vinyl windows, in-unit laundry, and individual A/C units. Residents also enjoy private balconies or porches, off-street parking, and detached garages for added convenience and income potential. Gross Monthly Income: $5,360. NOI: $51,453.83. Cap Rate: 7.1%. Potential to package 803 W Knox Ave and 1511-1517 W Euclid Ave for expanded investment opportunity.
Active
$725,000
8705 N Colton St, Spokane, WA 99218
8beds
4baths
--sqft
MultiFamily
Built in 1981
-- sqft lot
$705,900 Zestimate®
$--/sqft
$-- HOA
What's special
Off-street parkingDetached garagesPrimary suiteIn-unit laundryStainless steel appliancesUpdated cabinetryLvp flooring
- 97 days |
- 227 |
- 27 |
Zillow last checked:
Listing updated:
Listed by:
Derek Raivio 360-518-9381,
LT Real Estate
Source: SMLS as distributed by MLS GRID,MLS#: 202617285
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Electric, Baseboard
Cooling
- Window Unit(s)
Features
- Basement: None
- Has fireplace: No
Property
Parking
- Total spaces: 1
- Parking features: Detached, Off Site
- Garage spaces: 1
Features
- Levels: Two
Lot
- Size: 9,148 Square Feet
Details
- Parcel number: 36202.0711
Construction
Type & style
- Home type: MultiFamily
Materials
- Masonite
- Roof: Composition
Condition
- Year built: 1981
Community & HOA
HOA
- Amenities included: None
Location
- Region: Spokane
Financial & listing details
- Tax assessed value: $586,100
- Annual tax amount: $5,934
- Date on market: 5/13/2026
- Listing terms: FHA,VA Loan,Conventional,Cash
- Road surface type: Paved
Estimated market value
$705,900
$671,000 - $741,000
$1,298/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/13/2026 | Listed for sale | $725,000+150% |
Source:  SMLS as distributed by MLS GRID #202617285 Report a problem | ||
| 4/20/2017 | Sold | $290,000+11.5% |
Source: SMLS as distributed by MLS GRID #201627761 Report a problem | ||
| 2/22/2017 | Listing removed | $850 |
Source: Homeland Property Management - Property # 282460 Report a problem | ||
| 2/1/2017 | Price change | $850-5% |
Source: Homeland Property Management - Property # 282460 Report a problem | ||
| 1/17/2017 | Listed for rent | $895-99.7% |
Source: Homeland Property Management - Property # 282460 Report a problem | ||
| 7/18/2013 | Listing removed | $269,900 |
Source: Kestell Co. #201315871 Report a problem | ||
| 7/16/2013 | Sold | $260,000+18.2% |
Source: SMLS as distributed by MLS GRID #201315871 Report a problem | ||
| 4/25/2013 | Listed for rent | $269,900 |
Source: Kestell Co. #201315871 Report a problem | ||
| 5/6/2011 | Sold | $220,000-15.4% |
Source: SMLS as distributed by MLS GRID #201111736 Report a problem | ||
| 10/9/2010 | Listed for sale | $260,000 |
Source: Tomlinson Real Estate Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,934 -1.7% | $586,100 -5.3% |
| 2024 | $6,038 +9.8% | $618,660 -0.3% |
| 2023 | $5,498 +6.1% | $620,560 +7.3% |
| 2022 | $5,184 +57.6% | $578,460 +60.5% |
| 2021 | $3,289 -5.6% | $360,300 +18.6% |
| 2020 | $3,484 +8.6% | $303,800 +6.1% |
| 2019 | $3,208 | $286,250 +5.8% |
| 2018 | $3,208 -9.6% | $270,550 +6.4% |
| 2017 | $3,549 +7.2% | $254,310 +8.2% |
| 2016 | $3,310 +7.2% | $235,110 -0.1% |
| 2015 | $3,088 | $235,310 +11.1% |
| 2014 | $3,088 | $211,710 |
| 2013 | $3,088 +15.7% | -- |
| 2011 | $2,670 -13.6% | -- |
| 2010 | $3,089 | -- |
| 2009 | $3,089 +1.7% | -- |
| 2008 | $3,039 | -- |
| 2007 | $3,039 +8.2% | $254,890 |
| 2005 | $2,809 +5.7% | -- |
| 2004 | $2,658 +0.4% | -- |
| 2003 | $2,649 | -- |
| 2002 | $2,649 -1.5% | -- |
| 2001 | $2,689 -5.4% | $168,000 |
| 1999 | $2,844 | $168,000 |
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.Climate risks
Neighborhood: Nevada-Lidgerwood
Nearby schools
GreatSchools rating
- 5/10Shiloh Hills Elementary SchoolGrades: K-5Distance: 2.9 mi
- 7/10Mountainside Middle SchoolGrades: 6-8Distance: 5.7 mi
- 7/10Mt Spokane High SchoolGrades: 9-12Distance: 5.4 mi
Schools provided by the listing agent
- Elementary: Shiloh
- Middle: Mountainside
- High: Mt Spokane
- District: Mead
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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