$235,000
Reduced 6% · Save $15,000
Joey Costello
Windermere North Spokane
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About This Home
7.6% CAP RATE POTENTIAL. High-performance investment opportunity in Spokane’s 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.
Property Details
Property Type
Single Family Residence
Year Built
1954
County
Spokane
Lot Size
0.1 acres
Living Area
936 sqft
Price / Sqft
$251
HOA
None
Schools
Elementary: Spokane Dist 81
Days on Market
49 days
MLS #
SAR202615277
Parcel #
25241.5018
Annual Taxes
$2,404
Total Building Area
936 sqft
MLS Area
A220/040
MLS Class
Residential
Listing Terms
Conventional, Cash, Owner Financing
Road Frontage
City Street, Paved Road
Street Direction
W
Listed On
Apr 11, 2026
Status Changed
May 6, 2026
Last MLS Update
May 6, 2026
MLS Branch
1287
Original List Price
$250,000
School Information
Elementary
Spokane Dist 81
Home Features & Details
Architectural Style
Construction
Structure Type
Roof
Basement
Heating
Appliances
Views
Parking
Lot Features
Listed By
Noah Ullah
Epique Realty
Joey Costello
Windermere North Spokane
Tour for free, no strings attached
Make a winning offer with the help of a local expert
Estimated Monthly Payment
$1,273/mo
Estimated at 6.5% APR, 30-year fixed. For informational purposes only.
Property Highlights
Location
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