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No HOA
Street View
Listed by: Jay P. Kincaid (509) 989-3309 | Windermere RE K-2 Realty (509) 765-3337
$465,000
Monthly Est:$2,314
-- Bed
1 Bath
4,004sqft
407 1st Avenue, Ritzville, WA 99169
$465,000
$2,314/moEst:
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Multi Family
Built in 1950
$-- HOA
10,000 sqft lot
$116/sq.ft
Description
Excellent investment opportunity in the growing community of Ritzville! Originally constructed in 1950, this income-producing property has undergone extensive updates and now features 8 studio apartments, 1 one-bedroom unit with a full kitchen, 2 two-bedroom units with full kitchens, and a remodeled office space. Recent improvements include fresh exterior paint, the addition of a coin-operated laundry facility, and a brand-new roof installed in 2025. Each studio unit is equipped with a private bathroom, hot plate, microwave, and compact refrigerator, providing comfortable and efficient living accommodations. Two additional studio units are ready for renovation, offering significant upside potential and the opportunity to increase the property to a total of 11 income-producing units. Whether you're looking to expand your portfolio or enter the multifamily market, this property offers both immediate cash flow and value-add potential.
- Houzeo last checked: 12 hours ago
- Listing updated: September 17, 2026 at 6:39 pm
- Source: Northwest Multiple Listing Service | MLS#: NWM2461556
Property Details
Status
Active
Type
Multi Family
No. of Stories
1
County
City
Neighborhood
--
Year Built
1950
HOA Fees
-
Finished Area
4,004 sqft
Lot Size
10,000 sqft lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2461556
MLS Status
Active
Days on Market
297
Cumulative Days on Market
296
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: --
Bathroom: 1
Interior
Heating
Baseboard, Wall Furnace
Flooring
Laminate, Vinyl, Carpet
Cooling
Wall Unit(s), Window Unit(s)
Exterior Features
Metal/vinyl, Wood
Sewer
Sewer Connected
Construction
Year Built
Year Built: 1950
Home type
Multi Family
Foundation Details
Concrete Ribbon
Property Condition
Fair
Roof
Composition
Construction Materials
Metal/vinyl, Wood
Utilities & Energy
Water Source
Public
Other Features
Subdivision Name
Ritzville
Price History
| Date | Event | Price |
|---|---|---|
06/17/2026 Source: | Price Increased | $479,000 +3.01% $120/sqft |
06/17/2026 Source: | Listed for Sale | $465,000 $116/sqft |
Find Homes by Property Features in Ritzville, WA
Based on information submitted to the MLS GRID by Northwest Multiple Listing Service as of Oct 09, 2026, 02:32PM. 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.
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