1707 E Cataldo Ave, Spokane, WA 99202

$529,900 Active MLS® 202619874 Multi Family Home
ActiveMLS® 202619874
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1707 E Cataldo Ave, Spokane, WA 99202 photo
Multi Family Home
MLS® 202619874
$529,900
1707 E Cataldo Ave, Spokane, WA 99202
0.25 Acres 3,136 Sq.Ft. Built 1972
Description

Investor opportunity with immediate upside potential. This fourplex features four spacious 2 bed, 1 bath units, each offering approximately 784 square feet of living space. Currently 75% occupied, the property presents a value-add opportunity through lease-up and rent stabilization, making it an attractive option for investors seeking increased cash flow and long-term appreciation. Current rents are $1,025 in two units and $925 in a third unit, providing opportunity to increase income as leases turn over and rents are brought in line with current market rates. Recent maintenance and turnover improvements position the next owner to capitalize on increased occupancy and operational efficiency. Conveniently located near downtown Spokane, major employers, public transportation, shopping, dining, and everyday amenities. Ideal for investors looking to expand their portfolio or complete a 1031 exchange while adding a property with strong income potential and room for growth.

Interior features
  • Basement description None
  • Lot dimension 0.25
  • Lot description Sprinkler - Automatic, Treed, Corner Lot
Exterior features
  • View City, Territorial
  • Lot dimension 0.25
  • Lot description Sprinkler - Automatic, Treed, Corner Lot
  • Roofing materials Composition

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Location