8737 N Colton St, Spokane, WA 99218

$565,000 Pending MLS® 202617413 Multi Family Home
PendingMLS® 202617413
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8737 N Colton St, Spokane, WA 99218 photo
Multi Family Home
MLS® 202617413
$565,000
8737 N Colton St, Spokane, WA 99218
0.21 Acres 3,888 Sq.Ft. Built 1981
Description

Great investment opportunity featuring a fully occupied 4-plex in North Spokane within the sought-after Mead School District. Offering strong rental history, immediate income, and future upside potential, this property presents an attractive value-add opportunity in a highly rentable location. Each spacious 2 bed, 2 bath unit includes in-unit laundry, individual A/C, private one-car garages, and functional layouts that appeal to long-term tenants. Lower units feature walk-out yards, while upper units enjoy private decks. Recent improvements include a partial roof in 2022, plus updated flooring, paint, and appliances in select units. Conveniently located near retail, restaurants, schools, and public transit. Gross Monthly Income: $4,325. NOI: $23,966. Potential to package with 1111 & 1117 W Providence for expanded investment opportunity.

Interior features
  • Air conditioning Wall Unit(s)
  • Basement description Slab
  • Lot dimension 0.21
  • Lot description Sprinkler - Automatic, Treed
Exterior features
  • View Territorial
  • Lot dimension 0.21
  • Lot description Sprinkler - Automatic, Treed
  • Roofing materials Composition

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