Kathy Bixler
Residential Specialist
REALTOR®
BEDS2
BATHS1
SQUARE FEET5,820
MLS#202617223
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLSpokane Dist 81
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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Full, Partially Finished, See Remarks
Basement: Yes
Lot Size: 0.21 Acres
Roof Type: Composition
Stories: 1.0
Taxes: $4,819
Year Built: 1961
Feature Descriptions
Association Amenities: Laundry
Days on Site: 7
Exterior: Brick
Heating/Cooling: Natural Gas, Hot Water
Lot: Cross Fncd, Sprinkler - Automatic
Parcel#: 35063.3507
Parking: Carport, Off Site
Special View Info: Territorial
SQ. FT. Total: 5820
Local Schools
High School: North Central
Middle School: Yasuhara
Elementary School: Garfield
School District: Spokane Dist 81
Listed By / Shown By
Listed By
Agency Name: The Hornberger Group, LLC
Shown By
Agent Name: Kathy Bixler
Agent Phone: (509) 879-4493
Agency Title: Coldwell Banker Tomlinson
Estimate Your Payment
Estimated Payment
$ 2,062.83 per month $1,468.76 Principal & Interest $401.58 Property Tax $192.49 Homeowner's InsuranceChange Payment Information
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805 W Alice Ave | MLS# 202617223
This multi-family property located at 805 W Alice Ave, Spokane, WA 99205 is currently listed for sale with an asking price of $659,950. W Alice Ave is located within the Spokane Dist 81 school district. Search Spokane real estate on www.kathybixler.com today.