Turnkey South Hill Triplex – Prime Location & High Income (7.14% cap rate!).Welcome to this fully renovated, income-producing triplex in the heart of Spokane’s coveted South Hill neighborhood. Whether you’re an investor looking for a high-performing asset or a buyer seeking an owner-occupant opportunity with built-in cash flow, this property checks every box. Located just minutes from top-rated schools, popular local dining, and boutique shopping, this home combines premium location with modern updates and reliable rental income. Currently producing $3,860/month with open unit rented projected rent is $6,300. Property Features- New LVP flooring, Brand-new vinyl windows for efficiency, Quartz countertops and gas ranges in beautifully updated kitchens, Tankless hot water heater, New furnace and updated mechanicals for peace of mind, Fresh paint, stylish finishes, and turnkey condition—no deferred maintenance. Each unit offers spacious layouts and modern conveniences. Come see and you will not be disappointed!
Closed
$800,000
Spokane, WA 99203
8beds
6baths
2,358sqft
Multi Family
Built in 1909
-- sqft lot
$794,800 Zestimate®
$339/sqft
$1,523 Estimated rent
Home value
$794,800
$739,000 - $858,000
$1,523/mo
Zestimate® history
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$4,938/mo
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Zillow last checked: 7 hours ago
Listing updated: September 27, 2025 at 08:01am
Listed by:
Shane Bangle Main:509-703-0558,
Keller Williams Spokane - Main,
Shane Bangle 509-703-0558,
Keller Williams Spokane - Main
Source: SMLS as distributed by MLS GRID,MLS#: 202520101
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 6
Primary bedroom
- Description: Full Bath,1st Flr
Dining room
- Description: Formal,Informal
Family room
- Description: 1st Flr,2nd Flr
Heating
- Natural Gas, Forced Air, See Remarks
Cooling
- Other
Appliances
- Included: Indoor Grill, Gas Range, Dishwasher, Refrigerator, Disposal
Features
- Natural Woodwork
- Windows: Windows Vinyl, Bay Window(s)
- Basement: Unfinished,Walk-Out Access
- Has fireplace: No
Interior area
- Total structure area: 2,358
- Total interior livable area: 2,358 sqft
Property
Parking
- Total spaces: 1
- Parking features: Detached, Workshop in Garage, Oversized
- Garage spaces: 1
Accessibility
- Accessibility features: Door Width 32 Inches or More
Features
- Levels: Two
- Fencing: Fenced Yard
- Has view: Yes
- View description: City
Lot
- Size: 0.26 Acres
- Features: Sprinkler - Automatic, Level
Details
- Additional structures: See Remarks, Guest House
- Parcel number: 35321.1512
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Craftsman
- Property subtype: Multi Family
Materials
- Steel Frame, Wood Siding
- Roof: Composition
Condition
- Year built: 1909
Community & neighborhood
Location
- Region: Spokane
Other
Other facts
- Listing terms: FHA,VA Loan,Conventional,Cash
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 9/15/2025 | Sold | $800,000+26%$339/sqft |
Source:  SMLS as distributed by MLS GRID #202520101 Report a problem | ||
| 11/2/2022 | Sold | $635,000+114.5%$269/sqft |
Source: SMLS as distributed by MLS GRID #202223389 Report a problem | ||
| 3/13/2018 | Sold | $296,000+16.3%$126/sqft |
Source: Agent Provided Report a problem | ||
| 5/3/2006 | Sold | $254,500+10.7%$108/sqft |
Source: SMLS as distributed by MLS GRID #26014730 Report a problem | ||
| 9/1/2005 | Sold | $229,900+155.4%$97/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,812 -4% | $485,200 -6.3% |
| 2023 | $5,011 +26.8% | $517,560 +28.1% |
| 2022 | $3,952 +24.9% | $404,130 +34.8% |
Neighborhood: Comstock
Nearby schools
GreatSchools rating
- 8/10Jefferson Elementary SchoolGrades: PK-6Distance: 0.6 mi
- 7/10Sacajawea Middle SchoolGrades: 7-8Distance: 0.3 mi
- 8/10Lewis & Clark High SchoolGrades: 9-12Distance: 2.2 mi
Schools provided by the listing agent
- Elementary: Jefferson
- Middle: Sacajawea
- High: Lewis & Clark
- District: Spokane Dist 81
Source: SMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$794,800
2% more
+$15,896
With Zillow Showcase(estimated)
$810,696