About This Home
This 6-bedroom, 3-bathroom residential multi family at 2718 E 5th Ave in Spokane, WA is listed for $425,000 ($142 per sqft). Built in 1907, the home offers 3,000 sqft of living space on a 0.16 acres lot.
Key Features
- Built in 1907
- 0.16 acre lot
- 2 stories
Property Details
Investors, here's an opportunity to add a well-maintained triplex with a solid rental history to your portfolio or house hack by living in the upstairs unit and renting out the lower 2 units to offset your costs! Situated near picturesque Underhill Park in Spokane, this property offers three comfortable 2-bedroom, 1-bath units, providing strong rental appeal and multiple income streams.
One unit has been completely updated, while the property as a whole has a proven rental history and currently generates $3,750 per month. Each unit features its own gas forced-air furnace, allowing for individual heating control and helping provide efficient, reliable heating for tenants.
Operating expenses include approximately $400 per month for water, sewer, and garbage, $50 per month for common-area electricity, and $3250 for insurance. The currently vacant upstairs unit creates a unique opportunity for an owner-occupant and with the 1 car garage in the back it gives the opportunity for you or additional income.
Monthly Cost Estimate
$2,273/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
2718 E 5th Ave
Spokane, WA 99202
Features & Amenities
Interior Features
Property Details
Construction
Parking
Heating
Appliances
Questions & Answers
This 6-bedroom, 3-bathroom residential multi family at 2718 E 5th Ave is listed at $425,000 ($142/sqft). The estimated monthly payment is $2,273 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1907, 0.16 acre lot, 2 stories. Interior Features: High Speed Internet, Pantry, Kitchen Island.
This property is listed by Spencer Millsap and can be reached at (855) 450-0442.
