8705 N Colton St, Spokane, WA 99218

$725,000 Active MLS® 202617285 Multi Family Home
ActiveMLS® 202617285
Property photo
Property photo
Property photo
Property photo
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Property photo
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Property photo
Property photo
8705 N Colton St, Spokane, WA 99218 photo
Multi Family Home
MLS® 202617285
$725,000
8705 N Colton St, Spokane, WA 99218
0.21 Acres Built 1981
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.

Interior features
  • Air conditioning Window Unit(s)
  • Basement description None
  • Lot dimension 0.21
Exterior features
  • Lot dimension 0.21
  • Roofing materials Composition

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