About This Home

This 18-bedroom, 0-bathroom residential multi family at 1405 W 8th Ave in Spokane, WA is listed for $1,600,000 ($171 per sqft). Built in 1962, the home offers 9,372 sqft of living space on a 0.28 acres lot.

Key Features

  • Built in 1962
  • 0.28 acre lot

Property Details

13 full
1962

Amenities

View
Listing Description

13-unit multifamily investment opportunity featuring 8 one-bedroom/one-bath units and 5 two-bedroom/one-bath units. The property generates $16,092.13 in Effective Gross Income and offers an on-site laundry facility, beautifully landscaped grounds, and a convenient location near restaurants, shopping, I-90, and Downtown Spokane. Investment highlights include a $114,247.54 NOI and a 7.14% cap rate, providing an attractive opportunity for investors seeking established rental income in a convenient Spokane location.

Monthly Cost Estimate

$8,557/mo

20% down · 6.5% · 30 years

Principal$1,157
Interest$6,933
Insurance$467

Estimates only. Actual payments may vary.

Location

1405 W 8th Ave

Spokane, WA 99204

Property Details

Construction

Wood Siding Stone Frame

Views

City

Heating

Electric (Heating)Baseboard

Questions & Answers

This 18-bedroom, 0-bathroom residential multi family at 1405 W 8th Ave is listed at $1,600,000 ($171/sqft). The estimated monthly payment is $8,557 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1962, 0.28 acre lot.

This property is listed by Ryan Towner.

RT

Ryan Towner

License 24027253

Agent at LT Real Estate

Listed by LT Real Estate · Broker phone: 5094810373 · View on Broker Site

MLS# 26-10526· Source: Coeur d'Alene Multiple Listing Service· 2 days on PropertySimple

Copyright © 2026 Coeur d'Alene Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1405 W 8th Ave, Spokane, WA 99204

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