Description
7-plex features four units with 0 bedroom and 1 bathroom, two units with 1 bedroom and 1 bathroom, and one unit with 2 bedrooms and 2 bathrooms. Current long-term tenants are on month-to-month lease. This investment offers a unique opportunity to add value without any updates to the building or units. The rents are significantly below market and can be increased by an average of 15% to meet current market rents. Current Cap Rate of 6.92% would be raised to 8.43%! Opportunity to renovate and increase rent even more in the future. DSCR loans available. DO NOT DISTURB TENANTS!
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0BEDS
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0.25ACRES
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0BATHS
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01/2 BATHS
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2,812SQFT
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$338$/SQFT
Listing information ©2025 Northwest MLS. Listing courtesy of Lumin Brokers of Washington.
Mortgage Calculator is provided by BoomTown.
Description
7-plex features four units with 0 bedroom and 1 bathroom, two units with 1 bedroom and 1 bathroom, and one unit with 2 bedrooms and 2 bathrooms. Current long-term tenants are on month-to-month lease. This investment offers a unique opportunity to add value without any updates to the building or units. The rents are significantly below market and can be increased by an average of 15% to meet current market rents. Current Cap Rate of 6.92% would be raised to 8.43%! Opportunity to renovate and increase rent even more in the future. DSCR loans available. DO NOT DISTURB TENANTS!
IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Keller Williams Spokane are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2025-11-14T16:16:31.85. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market". Based on information submitted to the MLS GRID as of 2025-11-14T16:16:31.85. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.