8705 N Colton St, Spokane, WA 99218
8705 N Colton St, Spokane, WA 99218
8705 N Colton St, Spokane, WA 99218
8705 N Colton St, Spokane, WA 99218
8705 N Colton St, Spokane, WA 99218
8705 N Colton St, Spokane, WA 99218
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RSVP Real Estate Group

RSVP Real Estate Group

+1(425) 610-7787
Listed by Derek Raivio • LT Real Estate
$ 725,000
Est. payment | /mo

9,147 Sqft Lot

Save
$ 725,000
Est. payment | /mo
Save

9,147 Sqft Lot

Key Details

Property Type Single Family Home

Sub Type Residential Income

Listing Status Active

Purchase Type For Sale

MLS Listing ID 202617285

Year Built 1981

Lot Size 9,147 Sqft

Lot Dimensions 0.21

Property Sub-Type Residential Income

Property Description

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.

Location

State WA

County Spokane

Rooms

Basement None

Interior

Heating Electric, Baseboard

Cooling Window Unit(s)

Exterior

Parking Features Detached, Off Site

Garage Spaces 1.0

Amenities Available None

View Y/N true

Roof Type Composition

Building

Structure Type Masonite

Schools

Elementary Schools Shiloh

Middle Schools Mountainside

High Schools Mt Spokane

School District Mead

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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