520 E Wabash Avenue, Spokane, WA 99207

Spokane
Local realty services provided by:Better Homes and Gardens Real Estate Northwest Home Team
Listed by: peter clark
Office: the paragon group
MLS#:2520728
Source:NWMLS
520 E Wabash Avenue,Spokane, WA 99207
$475,000
  • - Beds
  • - Baths
  • 3,400 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$475,000
  • Price per sq. ft.:$139.71

About this home

8.5% In-Place Cap Rate | $3,800/Month Rental Income | Low $500/Month Operating Expenses | Rare 8 Bed Duplex North Spokane duplex generating $3,800 per month in rental income with long-term tenants paying $1,900 per unit. Rarely do duplexes offer two oversized 4 bedroom, 2 bathroom units, creating strong tenant demand and long-term rental stability. With approximately $500 per month in operating expenses and a projected 9% cash-on-cash return, this property delivers strong returns from day one. Additional upside exists through cosmetic improvements, exterior updates, and future rent growth. Conveniently located near schools, shopping, services, and major Spokane corridors, this is a strong value-add opportunity with stable income and multiple paths to future appreciation.

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Home facts

  • Year built:1976
  • Listing ID #:2520728
  • Updated:June 29, 2026 at 11:18 AM

Rooms and interior

  • Living area:3,400 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Composition
  • Year built:1976
  • Building area:3,400 sq. ft.
  • Lot area:0.12 Acres
  • Construction Materials:Brick Exterior Finish

Schools

  • High school:Rogers High
  • Middle school:Garry Mid
  • Elementary school:Lidgerwood Elem

Utilities

  • Water:Community
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$475,000
  • Price per sq. ft.:$139.71
  • Tax amount:$3,971 (2026)

Parking

  • Total parking spaces:3
  • Carport spaces:3
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