1405 W 8th Ave, Spokane, WA 99204
1405 W 8th Ave, Spokane, WA 99204
1405 W 8th Ave, Spokane, WA 99204
1405 W 8th Ave, Spokane, WA 99204
1405 W 8th Ave, Spokane, WA 99204
1405 W 8th Ave, Spokane, WA 99204
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RSVP Real Estate Group

RSVP Real Estate Group

+1(425) 610-7787
Listed by Ryan Towner • LT Real Estate
$ 1,700,000
Est. payment | /mo

9,372 SqFt

Save
$ 1,700,000
Est. payment | /mo
Save

9,372 SqFt

Key Details

Property Type Single Family Home

Sub Type Residential Income

Listing Status Pending

Purchase Type For Sale

Square Footage 9,372 sqft

Price per Sqft $181

MLS Listing ID 202523584

Year Built 1962

Lot Size 0.280 Acres

Lot Dimensions 0.28

Property Sub-Type Residential Income

Property Description

Cedar Terrace Apartments presents an excellent investment opportunity with a strong mix of one- and two-bedroom units and consistent rental income. The property features eight spacious one-bedroom, one-bath apartments and five two-bedroom, one-bath apartments, collectively generating $14,917 per month in rental income. Residents enjoy convenient amenities, including an on-site laundry facility, with many units also offering the added benefit of in-unit washer and dryer setups. The beautifully landscaped grounds create an inviting atmosphere that enhances curb appeal and tenant satisfaction. Ideally located near restaurants, shopping, I-90, and downtown Spokane, Cedar Terrace combines accessibility with a comfortable living environment, making it a desirable option for both investors and tenants.

Location

State WA

County Spokane

Rooms

Basement Full, Finished, Laundry

Interior

Heating Electric, Baseboard, Ductless

Exterior

Parking Features Off Site

Amenities Available Laundry, Storage

View Y/N true

Roof Type Composition

Building

Story 2

Structure Type Stone,Wood Siding

Schools

Elementary Schools Roosevelt

Middle Schools Sacajawea

High Schools Lewis & Clark

School District Spokane Dist 81

Others

Acceptable Financing Conventional, Cash, Commercial

Listing Terms Conventional, Cash, Commercial

Nearby Schools & Businesses

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RSVP Real Estate Group

RSVP Real Estate Group

+1(425) 610-7787

Real Estate Firm | License ID: 17634

Real Estate Firm License ID: 17634

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