805 W Alice Ave, Spokane, WA 99205
805 W Alice Ave, Spokane, WA 99205
805 W Alice Ave, Spokane, WA 99205
39
See all 39 photos
Listed by Jeff Hornberger • The Hornberger Group, LLC
$659,950
Est. payment /mo
Save
5,820 SqFt
New

805 W Alice Ave Spokane, WA 99205

Save
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Jonathan Biron

Jonathan Biron

+1(818) 903-9078

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Residential Income

Listing Status Active

Purchase Type For Sale

Square Footage 5,820 sqft

Price per Sqft $113

MLS Listing ID 202617223

Style Ranch

Year Built 1961

Annual Tax Amount $4,819

Lot Size 9,147 Sqft

Lot Dimensions 0.21

Property Sub-Type Residential Income

Property Description

Well-maintained 5-unit investment property (3 two-bedroom units and 2 one-bedroom units) with space for an optional 6th unit, offering strong in-place income and clear upside potential. Current operations show approx. $66,554 in annual gross income and ~$47,740 NOI, with low expenses around $18,800/year. Durable brick exterior and recently replaced roof help minimize future capital expenditures. One unit has been fully updated, while the remaining units offer a mix of hardwood floors and functional layouts with room for additional value-add improvements. Property features both off-street and on-street parking, including a large covered carport, along with a community coin-operated laundry room providing additional income. Low-maintenance lot with a small shared yard space for tenant enjoyment. Currently 100% occupied with strong rental demand, making this a solid opportunity for investors seeking stable cash flow with future growth potential.

Location

State WA

County Spokane

Rooms

Basement Full, Partially Finished, See Remarks

Interior

Heating Natural Gas, Hot Water

Appliance Free-Standing Range, Dishwasher, Refrigerator, Washer, Dryer

Exterior

Parking Features Carport, Off Site

Carport Spaces 4

Amenities Available Laundry

View Y/N true

View Territorial

Roof Type Composition

Building

Lot Description Cross Fncd, Sprinkler - Automatic

Story 1

Architectural Style Ranch

Structure Type Brick

Schools

Elementary Schools Garfield

Middle Schools Yasuhara

High Schools North Central

School District Spokane Dist 81

Others

Acceptable Financing FHA, VA Loan, Conventional, Cash

Listing Terms FHA, VA Loan, Conventional, Cash

Nearby Locations

GET MORE INFORMATION

Jonathan Biron

Jonathan Biron

Broker | License ID: 120755

+1(818) 903-9078

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from JON BIRON, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

805 W Alice Ave