805 W Alice Ave, Spokane, WA 99205
805 W Alice Ave, Spokane, WA 99205
805 W Alice Ave, Spokane, WA 99205
805 W Alice Ave, Spokane, WA 99205
805 W Alice Ave, Spokane, WA 99205
805 W Alice Ave, Spokane, WA 99205
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RSVP Real Estate Group

RSVP Real Estate Group

+1(425) 610-7787
Listed by Jeff Hornberger • The Hornberger Group, LLC
$ 659,950
Est. payment | /mo

5,820 SqFt

Save
$ 659,950
Est. payment | /mo
Save

5,820 SqFt

Key Details

Property Type Single Family Home

Sub Type Residential Income

Listing Status Active

Purchase Type For Sale

Square Footage 5,820 sqft

Price per Sqft $113

MLS Listing ID 202617223

Style Ranch

Year Built 1961

Annual Tax Amount $4,819

Lot Size 9,147 Sqft

Lot Dimensions 0.21

Property Sub-Type Residential Income

Property Description

Well-maintained 5-unit investment property (3 two-bedroom units and 2 one-bedroom units) with space for an optional 6th unit, offering strong in-place income and clear upside potential. Current operations show approx. $66,554 in annual gross income and ~$47,740 NOI, with low expenses around $18,800/year. Durable brick exterior and recently replaced roof help minimize future capital expenditures. One unit has been fully updated, while the remaining units offer a mix of hardwood floors and functional layouts with room for additional value-add improvements. Property features both off-street and on-street parking, including a large covered carport, along with a community coin-operated laundry room providing additional income. Low-maintenance lot with a small shared yard space for tenant enjoyment. Currently 100% occupied with strong rental demand, making this a solid opportunity for investors seeking stable cash flow with future growth potential.

Location

State WA

County Spokane

Rooms

Basement Full, Partially Finished, See Remarks

Interior

Heating Natural Gas, Hot Water

Appliance Free-Standing Range, Dishwasher, Refrigerator, Washer, Dryer

Exterior

Parking Features Carport, Off Site

Carport Spaces 4

Amenities Available Laundry

View Y/N true

View Territorial

Roof Type Composition

Building

Lot Description Cross Fncd, Sprinkler - Automatic

Story 1

Architectural Style Ranch

Structure Type Brick

Schools

Elementary Schools Garfield

Middle Schools Yasuhara

High Schools North Central

School District Spokane Dist 81

Others

Acceptable Financing FHA, VA Loan, Conventional, Cash

Listing Terms FHA, VA Loan, Conventional, Cash

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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