1225 E 29th Ave #1301 E 29th Ave, Spokane, WA 99203-3219
1225 E 29th Ave #1301 E 29th Ave, Spokane, WA 99203-3219
1225 E 29th Ave #1301 E 29th Ave, Spokane, WA 99203-3219
1225 E 29th Ave #1301 E 29th Ave, Spokane, WA 99203-3219
1225 E 29th Ave #1301 E 29th Ave, Spokane, WA 99203-3219
1225 E 29th Ave #1301 E 29th Ave, Spokane, WA 99203-3219
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RSVP Real Estate Group

RSVP Real Estate Group

+1(425) 610-7787
Listed by Trevor Windhorst • Windermere Valley
$ 1,250,000
Est. payment | /mo

4,560 SqFt

Save
$ 1,250,000
Est. payment | /mo
Save

4,560 SqFt

Key Details

Property Type Single Family Home

Sub Type Residential Income

Listing Status Active

Purchase Type For Sale

Square Footage 4,560 sqft

Price per Sqft $274

MLS Listing ID 202619013

Style Contemporary

Year Built 1977

Annual Tax Amount $9,944

Lot Size 0.320 Acres

Lot Dimensions 0.32

Property Sub-Type Residential Income

Property Description

Turnkey 4-unit multifamily investment opportunity featuring two duplexes on separate parcels. Each of the four units offers a spacious 3-bedroom, 2-bath floor plan designed for strong tenant appeal and long-term rental demand. Recent capital improvements include new roofs on both residential buildings and all garages, plus new walkways, stairwells, and four private decks, reducing future maintenance costs while enhancing curb appeal and tenant enjoyment. 3 units are currently occupied by long-term tenants, providing immediate cash flow. Current rents are below market, offering investors a clear opportunity to increase income and improve returns over time. A standout feature is the assumable loan with a 5.5% interest rate fixed for 5 years and no assumption fee—a rare financing advantage in today's market. With stable occupancy, major upgrades, rental upside, and attractive financing, this property is an excellent opportunity for investors seeking strong cash flow and long-term growth potential!

Location

State WA

County Spokane

Rooms

Basement Full, Finished, Daylight, Rec/Family Area, Walk-Out Access, Slab

Interior

Heating Electric, Ductless, Zoned

Fireplaces Type Masonry, Woodburning Fireplce

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

Exterior

Parking Features Detached, Off Site, Shared Driveway, Assigned

Garage Spaces 6.0

Utilities Available Cable Available

Amenities Available Play Area

View Y/N true

View Territorial

Roof Type Composition

Building

Lot Description Fenced Yard, Treed, City Bus (w/in 6 blks)

Story 2

Architectural Style Contemporary

Structure Type Brick Veneer,Siding,Wood Siding

Schools

Elementary Schools Hutton

Middle Schools Sacajawea

High Schools Lewis & Clark

School District Spokane Dist 81

Others

Acceptable Financing Conventional, Cash, Qual Assm, See Remarks

Listing Terms Conventional, Cash, Qual Assm, See Remarks

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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