Welcome to your next investment opportunity nestled in the heart of Spokane – a charming triplex, yielding nearly a 6.5% cap rate, boasting a rich history of great tenants. Situated in the coveted south hill, this triplex offers convenience and accessibility to all that Spokane has to offer. With its great rental history and 100% occupancy rate, you're stepping into a lucrative venture from day one. Whether you're a seasoned investor looking to expand your portfolio or a newcomer seeking a stable income stream, this triplex presents an unparalleled opportunity to grow your portfolio. From refreshed interiors to upgraded amenities, this triplex won’t disappoint. Parking is no problem with the added 3 stall garage with openers in addition to off-street parking.
Closed
$560,000
1714 W 8th Ave, Spokane, WA 99204
7beds
3baths
3,324sqft
Multi Family
Built in 1906
-- sqft lot
$577,700 Zestimate®
$168/sqft
$1,283 Estimated rent
Home value
$577,700
$537,000 - $624,000
$1,283/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: April 26, 2024 at 08:01am
Listed by:
Patrick Libey 208-669-2231,
Avalon 24 Real Estate
Source: SMLS,MLS#: 202413070
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 3
Heating
- Natural Gas, Electric, Oil, Baseboard
Appliances
- Included: Free-Standing Range, Dishwasher, Washer, Dryer
- Laundry: In Basement
Features
- Basement: Full,Partial,Walk-Out Access
- Has fireplace: Yes
- Fireplace features: Masonry
Interior area
- Total structure area: 3,324
- Total interior livable area: 3,324 sqft
Property
Parking
- Total spaces: 3
- Parking features: Detached, Workshop in Garage, Oversized
- Garage spaces: 3
Features
- Levels: Two
- Stories: 2
- Fencing: Fenced Yard
- Has view: Yes
- View description: Territorial
Lot
- Size: 6,969 sqft
- Features: Level, Oversized Lot
Details
- Additional structures: Workshop
- Parcel number: 25244.3609
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Tudor
- Property subtype: Multi Family
Materials
- Wood Siding
- Roof: Composition
Condition
- Year built: 1906
Community & neighborhood
Location
- Region: Spokane
- Subdivision: Cannons Add
Other
Other facts
- Listing terms: Conventional,Cash,Exchange
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 4/23/2024 | Sold | $560,000+0.2%$168/sqft |
Source:  SMLS #202413070 | ||
| 3/22/2024 | Pending sale | $559,000$168/sqft |
Source: SMLS #202413071 | ||
| 3/18/2024 | Price change | $559,000-0.2%$168/sqft |
Source: SMLS #202413070 | ||
| 3/10/2024 | Price change | $559,900-3.4%$168/sqft |
Source: Owner | ||
| 3/2/2024 | Listed for sale | $579,900+127.4%$174/sqft |
Source: Owner | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,353 -6.4% | $539,900 -8.6% |
| 2023 | $5,720 +19.7% | $590,900 +20.8% |
| 2022 | $4,780 +41.8% | $489,000 +79.1% |
Find assessor info on the county website
Neighborhood: Cliff-Cannon
Nearby schools
GreatSchools rating
- 5/10Roosevelt Elementary SchoolGrades: PK-6Distance: 1.2 mi
- 7/10Sacajawea Middle SchoolGrades: 7-8Distance: 2.3 mi
- 8/10Lewis & Clark High SchoolGrades: 9-12Distance: 0.8 mi
Schools provided by the listing agent
- Elementary: Roosevelt
- Middle: SAC
- High: Lewis & Clark
- District: Spokane Dist 81
Source: SMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$577,700
2% more+ $11,554
With Zillow Showcase(estimated)
$589,254