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8705 N Colton St
Spokane, WA 99218
Multifamily Property For Sale
·
4 Units
Investment Highlights
- Stainless Steel Appliances
- In-Unit Laundry
- Updated Vinyl Windows
Executive Summary
Exceptional investor or owner-occupant opportunity featuring a well-maintained fourplex in North Spokane within the desirable Mead School District. With strong rental history and quality updates throughout, this property offers excellent income potential and long-term value. Each unit features just under 1,000 SF with 2 bedrooms, 2 bathrooms, including a primary suite, plus LVP flooring, updated cabinetry, stainless steel appliances, updated vinyl windows, in-unit laundry, and individual A/C units. Residents also enjoy private balconies or porches, off-street parking, and detached garages for added convenience and income potential. Gross Monthly Income: $5,360. NOI: $51,453.83. Cap Rate: 7.1%. Potential to package 803 W Knox Ave and 1511-1517 W Euclid Ave for expanded investment opportunity.
Property Facts
| Price Per Unit | $181,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 7.10% | Building Size | 3,920 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1981 |
| Property Subtype | Apartment | Parking Ratio | 1.75/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RMF | ||
| Price Per Unit | $181,250 |
| Sale Type | Investment |
| Cap Rate | 7.10% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 3,920 SF |
| No. Stories | 2 |
| Year Built | 1981 |
| Parking Ratio | 1.75/1,000 SF |
| Zoning | RMF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 4 | - | 900 |
Property Taxes
| Parcel Number | 36202.0711 | Improvements Assessment | $486,100 |
| Land Assessment | $100,000 | Total Assessment | $586,100 |
Property Taxes
Parcel Number
36202.0711
Land Assessment
$100,000
Improvements Assessment
$486,100
Total Assessment
$586,100
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