Welcome to a prime investment opportunity in a highly desirable location, featuring a well-maintained multi-unit property with architectural charm and consistent cash flow. This income-generating asset includes eight one-bedroom units and two spacious three-bedroom units, and seven garages, bringing in $11,267 per month in rental income. Tenants enjoy the convenience of on-site laundry facilities, while seven individual garages provide additional revenue potential and added value. Several units have been recently updated, blending modern finishes with the building’s timeless character, making them especially appealing to renters seeking both comfort and charm. Located within walking distance to popular restaurants, shopping destinations, and local parks, this property offers the ideal mix of lifestyle and location. Whether you're a seasoned investor or looking to expand your portfolio with a dependable, high-performing asset, this property stands out as a rare opportunity in a sought-after area.
Pending
$1,300,000
1818 W 8th Ave, Spokane, WA 99204
14beds
10baths
10,548sqft
Est.:
Multi Family
Built in 1910
-- sqft lot
$1,196,900 Zestimate®
$123/sqft
$-- HOA
What's special
Modern finishesArchitectural charmTimeless character
- 237 days |
- 8 |
- 0 |
Zillow last checked: 8 hours ago
Listing updated: November 07, 2025 at 11:53am
Listed by:
Dallas Lightner 509-315-8720,
LT Real Estate,
Ryan Towner 509-481-0373,
LT Real Estate
Source: SMLS,MLS#: 202515372
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 14
- Bathrooms: 10
Heating
- Natural Gas, Electric, Forced Air, Baseboard
Features
- Basement: Partial,Finished
- Has fireplace: No
Interior area
- Total structure area: 10,548
- Total interior livable area: 10,548 sqft
Property
Parking
- Total spaces: 4
- Parking features: Detached, Off Site
- Garage spaces: 4
Features
- Levels: Two
- Stories: 3
Lot
- Size: 10,454.4 Square Feet
Details
- Parcel number: 25244.4511
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick, Wood Siding
- Roof: Composition
Condition
- Year built: 1910
Community & HOA
HOA
- Amenities included: Laundry
Location
- Region: Spokane
Financial & listing details
- Price per square foot: $123/sqft
- Annual tax amount: $55
- Date on market: 4/21/2025
- Listing terms: Conventional,Cash
Estimated market value
$1,196,900
$1.14M - $1.26M
$1,542/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/7/2025 | Pending sale | $1,300,000$123/sqft |
Source: | ||
| 9/4/2025 | Price change | $1,300,000-11.3%$123/sqft |
Source: | ||
| 4/21/2025 | Listed for sale | $1,465,214-8.4%$139/sqft |
Source: | ||
| 3/29/2024 | Listing removed | -- |
Source: | ||
| 2/2/2024 | Listed for sale | $1,600,000+190.9%$152/sqft |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $55 +21.3% | -- |
| 2023 | $45 -25% | -- |
| 2022 | $60 +26.4% | -- |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$7,760/mo
Principal & interest
$6406
Property taxes
$899
Home insurance
$455
Climate risks
Neighborhood: Cliff-Cannon
Nearby schools
GreatSchools rating
- 5/10Roosevelt Elementary SchoolGrades: PK-6Distance: 1.3 mi
- 7/10Sacajawea Middle SchoolGrades: 7-8Distance: 2.3 mi
- 8/10Lewis & Clark High SchoolGrades: 9-12Distance: 0.9 mi
Schools provided by the listing agent
- Elementary: Roosevelt
- Middle: Sacajawea
- 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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