407 1st Avenue, Ritzville, WA 99169

Ritzville
Local realty services provided by:Better Homes and Gardens Real Estate Pacific Commons
Listed by: jay p. kincaid
Office: windermere re k-2 realty
MLS#:2461556
Source:NWMLS
407 1st Avenue,Ritzville, WA 99169
$465,000
  • - Beds
  • - Baths
  • 4,004 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$465,000
  • Price per sq. ft.:$116.13

About this home

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.

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Home facts

  • Year built:1950
  • Subdivision & Development:Ritzville
  • Listing ID #:2461556
  • Updated:September 09, 2026 at 12:27 AM

Rooms and interior

  • Flooring:Carpet, Laminate, Vinyl Floor
  • Living area:4,004 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Composition
  • Year built:1950
  • Building area:4,004 sq. ft.
  • Lot area:0.23 Acres
  • Construction Materials:Metal/Vinyl Exterior Finish, Wood Exterior Finish

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$465,000
  • Price per sq. ft.:$116.13
  • Tax amount:$3,465 (2025)

Parking

  • Parking description:Uncovered Space(s) : 0
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