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
$709,500 Zestimate®
$--/sqft
$-- HOA
What's special
Off-street parkingDetached garagesPrimary suiteIn-unit laundryStainless steel appliancesUpdated cabinetryLvp flooring
- 47 days |
- 177 |
- 7 |
Zillow last checked:
Listing updated:
Listed by:
Derek Raivio 360-518-9381,
LT Real Estate
Source: SMLS as distributed by MLS GRID,MLS#: 202617285
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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: $618,660
- Annual tax amount: $6,038
- Date on market: 5/13/2026
- Listing terms: FHA,VA Loan,Conventional,Cash
- Road surface type: Paved
Estimated market value
$709,500
$674,000 - $745,000
$1,466/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 |
|---|---|---|
| 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 | $168,000 |
Find assessor info on the county website
Monthly payment
Est. payment$--/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: 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.
A local agent can set up tours, give advice and negotiate with sellers.
- Washington
- Spokane County
- Spokane
- 99218
- Nevada-Lidgerwood
- 8705 N Colton St
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Nearby neighborhoods
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