7.6% CAP RATE POTENTIAL. High-performance investment opportunity in Spokanes desirable Cliff-Cannon neighborhood! This 3-bedroom, 1-bath cottage is perfectly positioned for the medical professional tenant pool, just minutes from the hospital district and Downtown core. Pro-forma market rent is estimated at $2,100/mo, delivering a projected 7.6% cap rate at the $235,000 price point. Delivered fully vacant, this property allows a new owner to establish a fresh market-rate baseline under 2026 rent stabilization guidelines. Featuring a newer roof, fresh exterior paint, and a compact, low-maintenance footprint, this asset is designed for consistent occupancy and high yield. Ideally situated in a resilient rental sub-market with historically low vacancy. Buyer to verify all financial projections, square footage, and local rental regulations.
Listed By
Agency Name: Epique Realty
Shown By
Agent Name: Kathy Bixler
Agent Phone: (509) 879-4493
Agency Title: Coldwell Banker Tomlinson
Estimated Payment
$ 791.88 per month $523.01 Principal & Interest $200.33 Property Tax $68.54 Homeowner's Insurance
1829 W 6th Ave | MLS# 202615277
This single family home located at 1829 W 6th Ave, Spokane, WA 99204 is currently listed for sale with an asking price of $235,000. This property was built in 1954 and has 3 bedrooms with 936 sq. ft. W 6th Ave is located within the Spokane Dist 81 school district. Search Spokane real estate on www.kathybixler.com today.