Multi Family Home
2718 E 5th Ave
Spokane, WA 99202
$425,000
ActiveMLS® 202625404
Investors, here’s an opportunity to add a well-maintained triplex with a solid rental history to your portfolio or house hack by living in the upstairs unit and renting out the lower 2 units to offset your costs! Situated near picturesque Underhill Park in Spokane, this property offers three comfortable 2-bedroom, 1-bath units, providing strong rental appeal and multiple income streams. One unit has been completely updated, while the property as a whole has a proven rental history and currently generates $3,750 per month. Each unit features its own gas forced-air furnace, allowing for individual heating control and helping provide efficient, reliable heating for tenants. Operating expenses include approximately $400 per month for water, sewer, and garbage, $50 per month for common-area electricity, and $3250 for insurance. The currently vacant upstairs unit creates a unique opportunity for an owner-occupant and with the 1 car garage in the back it gives the opportunity for you or additional income.
Interior
- Appliances Free-Standing Range, Dishwasher, Refrigerator, Washer, Dryer
- General High Speed Internet, Pantry, Kitchen Island, In-Law Floorplan
- Rooms Utility Room
- Basement Partial
- Heating Electric, Baseboard, Ductless
Exterior and Construction
- Exterior Stge Shd
- Style Victorian
- Roofing Composition
- Windows Vinyl Frames
- Construction Two Story
Utilities
- Utilities Cable Available
Land and Lot
- Lot size 0.16 acres (6,970 sq ft)
- Lot description Level, City Bus (w/in 6 blks), Fencing
HOA and Community
- Amenities Laundry
Location and Zoning
- Road/Access City Street, Paved Road
- County Spokane
- Neighborhood East Central
- Zoning 35211.4721
Schools
- High School Lewis & Clark
- School District Spokane Dist 81
- Elementary School Franklin
- Junior High School Chase
Tax and Legal
- Parcel number 35211.4721
Parking and Garage
- Garage Detached, Off Site, Alley Access
- Garage spaces 1
Listing Information
- Listing Agent
- Spencer Millsap
- Listing Office
- REAL Broker LLC
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