Spokane, WA 99217,4822 N Nelson ST
Listed by Keller Williams Realty Bothell
Bought with ZNonMember-Office-MLS

$1,850,000

$2,100,000

11.9%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

31 Beds

31 Baths

0.48 Acres Lot


SOLD DATE : 05/19/2025

Key Details

Sold Price $1,850,000

Property Type Multi-Family

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

Subdivision Spokane

MLS Listing ID 2339949

Style 56 - 10+ Units

Bedrooms 31

Year Built 1973

Annual Tax Amount $19,310

Lot Size 0.482 Acres

Property Sub-Type Multi Family

Property Description

This 21-unit complex at 2824 E Wabash Ave and 4822 N Nelson St in Spokane offers an excellent investment opportunity. Priced at $2.1M, it's well below market value, creating immediate equity potential. Comparable properties in the area have sold for $140,000–$175,000 per unit, making this an attractive deal. The complex features updated units with modern flooring, appliances, and fresh paint, while still allowing room for further improvements. With Spokane's growing economy and rental demand, a new owner can enhance operations, raise rents, and increase NOI. This is a rare chance for significant upside in a thriving market.

Location

State WA

County Spokane

Area 561 - Spokane County

Interior

Flooring Laminate, Carpet

Exterior

Exterior Feature Metal/Vinyl, Wood Products

Amenities Available Deck

View Y/N No

Roof Type Composition

Building

Sewer Sewer Connected

Water Public

New Construction No

Schools

School District Spokane

Others

Acceptable Financing Conventional

Listing Terms Conventional

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


Northwest MLS (NWMLS)

Get More Information

agent

RSVP Real Estate Group

+1(425) 610-7787

Real Estate Firm | License ID: 17634

Real Estate Firm License ID: 17634

Name

Phone

Message