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$659,950
3 Beds
2 Baths
5,820sqft
805 W Alice Ave, Spokane, WA 99205
$659,950
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Multi Family
Built in 1961
$-- HOA
9,148 sqft lot
$113/sq.ft
Description
Well-maintained 5-unit investment property (3 two-bedroom units and 2 one-bedroom units) with space for an optional 6th unit, offering strong in-place income and clear upside potential. Current operations show approx. $66,554 in annual gross income and ~$47,740 NOI, with low expenses around $18,800/year. Durable brick exterior and recently replaced roof help minimize future capital expenditures. One unit has been fully updated, while the remaining units offer a mix of hardwood floors and functional layouts with room for additional value-add improvements. Property features both off-street and on-street parking, including a large covered carport, along with a community coin...
Continue Reading- Houzeo last checked: 14 minutes ago
- Listing updated: May 19, 2026 at 7:22 am
- Listing Provided by: Jeff Hornberger | The Hornberger Group, LLC (509) 994-5007
- Source: Spokane MLS-WA | MLS#: 202617223
Property Details
Status
Active
Type
Multi Family
No. of Stories
1
County
City
Neighborhood
Year Built
1961
HOA Fees
-
Finished Area
5,820 sqft
Lot Size
9,148 sqft lot
Basement Area
- sqft
MLS Name
Spokane MLS
MLS Number
202617223
MLS Status
Active
Days on Market
60
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