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1023 W Maxwell Ave 5 Unit Apartment Building Offered at $515,000 Spokane, WA 99201
INVESTMENT HIGHLIGHTS
- 1 Studio, 2- 1 Bed / 1 Bath Units, and 1 - 2 Bed/ 1 Bath Unit
- New Roofs on Both Buildings
- Triplex with Seperate ADU Unit
EXECUTIVE SUMMARY
This well-maintained property features a triplex plus a separate ADU, offering a total of 4 units, 1 Studio, 2- 1 Bed/ 1 Bath Units, and 1 - 2 Bed/ 1 Bath Unit. With a combined rental income of $3,475/month when fully occupied, this asset provides immediate returns and long-term upside.
Recent upgrades include new roofs on both buildings, fresh exterior paint, and vinyl windows throughout. The detached ADU boasts a generous loft space—ideal for additional living, storage, or creative use—adding versatility and appeal to the property.
Whether you're looking to house-hack, expand your portfolio, or secure a low-maintenance investment, this property checks all the boxes.
Don’t miss this turnkey opportunity with reliable income and quality upgrades already in place!
Great owner occupancy opportunity!
Flyer - https://lt-real-estate-co.my.canva.site/1023-w-maxwell-ave
Recent upgrades include new roofs on both buildings, fresh exterior paint, and vinyl windows throughout. The detached ADU boasts a generous loft space—ideal for additional living, storage, or creative use—adding versatility and appeal to the property.
Whether you're looking to house-hack, expand your portfolio, or secure a low-maintenance investment, this property checks all the boxes.
Don’t miss this turnkey opportunity with reliable income and quality upgrades already in place!
Great owner occupancy opportunity!
Flyer - https://lt-real-estate-co.my.canva.site/1023-w-maxwell-ave
PROPERTY FACTS
| Price | $515,000 | Lot Size | 0.16 AC |
| Price Per Unit | $103,000 | Building Size | 2,534 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Year Built | 1900 | |
| Zoning | RTF | ||
| Price | $515,000 |
| Price Per Unit | $103,000 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | |
| Lot Size | 0.16 AC |
| Building Size | 2,534 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1900 |
| Zoning | RTF |
AMENITIES
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 2 | - | - |
| 2+1 | 2 | - | - |
1 1
Walk Score®
Very Walkable (81)
PROPERTY TAXES
| Parcel Number | 35182.2403 | Improvements Assessment | $225,300 |
| Land Assessment | $85,000 | Total Assessment | $310,300 |
PROPERTY TAXES
Parcel Number
35182.2403
Land Assessment
$85,000
Improvements Assessment
$225,300
Total Assessment
$310,300
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1023 W Maxwell Ave
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