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About This Home
This 5-bedroom, 2-bathroom residential multi family at 608 E Nora Ave in Spokane, WA is listed for $389,000 ($175 per sqft). Built in 1950, the home offers 2,218 sqft of living space on a 0.11 acres lot.
Just a few blocks from Gonzaga University, this 5 bedroom, 2.5 bathroom investment property offers a prime opportunity to own a fully leased student rental in one of Spokane's strongest rental markets. Currently leased for the 2026-2027 school year at $2,600/month gross rent, this property provides immediate income with consistent demand driven by its close proximity to campus.
Updates include a new water heater, new carpet in the basement and updated bathroom tile. The home features spacious living areas, original hardwood floors, off-street parking, a 1-car garage, and a sprinkler system for easy exterior maintenance. Whether you're expanding your portfolio or looking for a turnkey Gonzaga-area investment, this property checks all the boxes for location, functionality, and long-term rental appeal.
Key Features
- Built in 1950
- 0.11 acre lot
Property Details
Monthly Cost Estimate
$2,080/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
608 E Nora Ave
Spokane, WA 99207
Property Details
Flooring
Construction
Parking
Heating
Appliances
Questions & Answers
This 5-bedroom, 2-bathroom residential multi family at 608 E Nora Ave is listed at $389,000 ($175/sqft). The estimated monthly payment is $1,686 based on 20% down at 6.5% interest.
Key features include: Built in 1950, 0.11 acre lot.
This property is listed by Holly Stockton and can be reached at (360) 339-5093 or holly@hollystockton.com.
