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803 W Knox Ave 4 Unit Apartment Building $755,000 ($188,750/Unit) Spokane, WA 99205
Investment Highlights
- LVP Flooring
- In-Unit Laundry
- Modern Fixtures
Executive Summary
Investor or owner-occupant opportunity featuring a centrally located fourplex with strong rental history and modern finishes throughout. Offering excellent income potential and long-term appeal. Each unit features approximately 1,100 SF with open-concept layouts, 9-foot ceilings, 2 bedrooms, and 1.5 bathrooms. Interior finishes include LVP flooring, updated cabinetry, stainless steel appliances, modern fixtures, in-unit laundry, and updated windows. Off-street parking adds additional convenience for tenants and owners alike. With attractive floor plans, newer construction, and consistent rental performance, this property presents an excellent opportunity for investors or owner-occupants. Gross Monthly Income: $5,650. NOI: $52,654.70. Cap Rate: 7%. Potential to package 1511-1517 W Euclid Ave and 8705 N Colton St for expanded investment opportunity.
Property Facts
| Price | $755,000 | Building Class | C |
| Price Per Unit | $188,750 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 4,488 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2009 |
| Property Subtype | Apartment | Parking Ratio | 1.25/1,000 SF |
| Apartment Style | Low-Rise |
| Price | $755,000 |
| Price Per Unit | $188,750 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 4,488 SF |
| No. Stories | 2 |
| Year Built | 2009 |
| Parking Ratio | 1.25/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 4 | - | 1,100 |
1 1
Very walkable
80/100
Moderately drivable
60/100
Some public transit
50/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 35073.1306 | Improvements Assessment | $691,200 |
| Land Assessment | $65,000 | Total Assessment | $756,200 |
Property Taxes
Parcel Number
35073.1306
Land Assessment
$65,000
Improvements Assessment
$691,200
Total Assessment
$756,200
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803 W Knox Ave
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