Multi Family Home

6119 N Colton St

Spokane, WA 99208

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ActiveMLS® 26-9873
$2,000,000
6119 N Colton St, Spokane, WA 99208
Bds 0 Ba 12,800 Sq.Ft. 0.2 Ac
Description

20-unit multifamily investment opportunity in convenient North Spokane location. The property features 20 one-bedroom, one-bath units with LVP flooring, off-street parking, and an on-site laundry facility. Effective Gross Income of $18,310.20 per month. Built in 1965, the 12,800 SF property offers an attractive investment profile with a $134,042 NOI and 6.7% cap rate.

Interior
  • Heating Baseboard, Hot Water, Electric
Exterior and Construction
  • Construction materials Frame, Brick
  • Roofing Composition
  • Construction Frame, Brick, Concrete Perimeter
Utilities
  • Sewer Public Sewer
  • Water Public
Land and Lot
  • Lot size 0.2 acres (8,712 sq ft)
  • Lot description Level
Location and Zoning
  • Road/Access Paved
  • Zoning RHD-70
  • County Spokane
  • Neighborhood Nevada/Lidgerwood
Schools
  • School District Other
Tax and Legal
  • Annual tax $924,200
  • Tax year 2024
  • Parcel number 36322.0623
  • Legal description see attached

Listing Information

Listing Agent
Ryan Towner
Listing Office
LT Real Estate

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